Golem Price Prediction 2021 – Will GLM Hit $1 Soon?

Golem Price Prediction 2021 – Will GLM Hit $1 Soon?

Golem is a decentralized, peer-to-peer marketplace for computing, on the Ethereum network. Golem allows users from around the world to rent out their computing power in a secure and easy way, by combining it with the unused computing power of other users on the network.

Golem is a decentralized computing network that lets people buy and sell computer time and other resources. Like other networks, Golem has its own token.

Golem is a decentralized supercomputer, accessible to all. With Golem, you can rent out your extra processing power to earn money. You can use your computer to encode videos, render 3D models, or do scientific calculations, and then sell this computing power to other people in the network. In return, you get a portion of the revenue generated by renting out your computing power. This Golem Price Prediction 2021 – Will GLM Hit $1 Soon?”

  • The range of bullish GLM price predictions is $0.35 to $0.56.
  • The price of GLM may potentially hit $1.
  • For 2021, the GLM bearish market price forecast is $0.23.

We utilize data, price trends, ADX, and other information about GLM to evaluate the cryptocurrency’s future movement in GLM price forecast 2021. 

The GNT, or Golem Network Token, is the native currency of the Golem project, and it is currently the ERC-20 GLM token. Golem is an open-source, decentralized supercomputer that performs difficult computational tasks using computing resources.

The GLM currency is used to conduct all transactions in the Golem ecosystem. The growing saturation of the Ethereum (ETH) blockchain has resulted in significant transaction fees, which is troublesome for completing small-value transactions. As a consequence, platforms such as Golem increasingly use Layer 2 protocols to save money.

Golem’s Current Market Situation (GLM)

At the time of writing, the price of GLM was $0.3084, with a 24-hour trading volume of $14,763,920, according to Coingecko. GLM, on the other hand, has risen to 0.22 percent in the past 24 hours.

Furthermore, there are 1,000,000,000 GLM coins in circulation. GLM is currently traded on Binance, OKEx, Huobi Global, Upbit, and Hotcoin Global, among other cryptocurrency exchanges.

Price Prediction for Golem (GLM) in 2021

On CoinGecko, Golem (GLM) is now ranked 135th. The price of GLM in 2021 is forecasted using a daily time period, as shown below. 

Golem Price Prediction 2021 – Will GLM Hit $1 Soon?Inverse Head and Shoulder Pattern (GLM/USDT) (Source: TradingView)

The head and shoulders top is used to forecast reversals in downtrends in an inverse head and shoulders pattern, which is identical to the normal head and shoulders pattern but reversed.

The decline is the start of the inverse head and shoulders pattern. As sellers leave and buyers step up, this is the long-term fall that will ultimately lead to fatigue and a reversal upward. The decline meets minor support, creating the first shoulder. As the market rises, it encounters significant resistance, and the downturn continues.

The neckline is the strong resistance level. Following a lower bottom, the market finds solid support, creating the pattern’s head. The market is once again met with resistance near the neckline, which serves as the second shoulder.

GLM is now bouncing around $0.308, which is the second shoulder. Following that, GLM will continue to trade in an inverse head and shoulder pattern, with the price falling for a brief time before rising after hitting resistance. If the trend continues, GLM’s price may decrease below $0.23.

Support and Resistance Levels for Golem (GLM)

The chart below depicts Golem’s support and resistance levels (GLM).

Golem Price Prediction 2021 – Will GLM Hit $1 Soon?Support and Resistance Levels for GLM/USDT (Source: TradingView)

The following are the resistance and support levels of GLM, as shown in the preceding chart.

  • $0.35 is the first level of resistance.
  • $0.44 is the second level of resistance.
  • $0.56 is the third level of resistance.
  • Level 1 Support – $0.23
  • Level 2 Support – $0.16

GLM’s negative performance during the preceding month is shown in the chart. GLM, on the other hand, will climb in a bullish pattern. If the trend were to reverse, GLM might fall below $0.23, indicating a bearish indication.

Average Directional Index of Golem (GLM) (ADX)

Let’s take a look at the Average Directional Index of GLM (ADX). The ADX, in particular, aids traders in determining the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).

The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.

The ADX of GLM is 30.01, indicating a strong trend, as seen in the chart above. 

Conclusion

The GLM is a cryptocurrency that is ideal for long-term investment. Furthermore, the long-term price forecast for GLM is positive. It has a decent probability of hitting $0.55 by the year’s conclusion. This, however, will only happen if a number of prior psychological obstacles are overcome.

Furthermore, with the advances and upgrades to the GLM ecosystem, GLM’s performance is expected to increase to $0.55 in the near future. However, if investors think GLM is a solid investment in 2021, it might hit $1.

Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

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Golem is a cryptocurrency that was created in 2016. It is currently the 12th largest cryptocurrency by market cap and has a total supply of 100,000,000 GNT."}},{"@type":"Question","name":"Is Golem token dead?","acceptedAnswer":{"@type":"Answer","text":" Golem is still alive and kicking."}},{"@type":"Question","name":"Is OXT a good investment?","acceptedAnswer":{"@type":"Answer","text":"

OXT is a cryptocurrency that has been around for quite some time. It is not a good investment because it has not shown any signs of being able to grow in value, and the market cap is very low."}}]}

Frequently Asked Questions

Is Golem a good investment 2021?

Golem is a cryptocurrency that was created in 2016. It is currently the 12th largest cryptocurrency by market cap and has a total supply of 100,000,000 GNT.

Is Golem token dead?

Golem is still alive and kicking.

Is OXT a good investment?

OXT is a cryptocurrency that has been around for quite some time. It is not a good investment because it has not shown any signs of being able to grow in value, and the market cap is very low.

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