Golem is the first decentralised supercomputer - creating a global market for computing power, making tasks that need lots of computing power available to everyone. Everyone can use this service and or contribute to the project by sharing computing power. As of today (21.05.2017), Golem is worth about $0.3326. It has risen over the last few days, so... is it too late to invest in Golem?
As you can see in the chart above, there is a very consistent support line ('Low Wall') that holds the value of GNT, it has been solid so far for multiple attempts of crossing it, and I don't believe the chart will fall below this support line anytime soon. It has also challenged the 'High Wall' for breakouts multiple times, so far without success. If it should go above this line, then the price could easily go above $0.5.
So is it too late to make profit investing in Golem? No, in my opinion not. Golem has a very strong developer team and considering the current market situation, most of the coins which are not complete beep have a high chance of creating profit for investors. The total market cap is growing, with no end in sight.
Thank you for reading, please let me know what you think. If you have any other Altcoin which you would like to know more about, please let me know. Also if you have any other questions about Crypto-Trading - I am here to help you out, have a nice day!
I highly suggest potential investors to take a look at their website (https://golem.network/)!
you able to explain a bit about golem brass?
Golem is the first truly decentralized supercomputer, creating a global market for
computing power. Combined with flexible tools to aid developers in securely
distributing and monetizing their software, Golem altogether changes the way
compute tasks are organized and executed. By powering decentralized microservices
and asynchronous task execution, Golem is set to become a key building block for
future Internet service providers and software development. And, by substantially
lowering the price of computations, complex applications such as CGI rendering,
scientific calculation, and machine learning become more accessible to everyone.
-- The Golem Project (https://golem.network/doc/Golemwhitepaper.pdf)
Hi, thanks for the analysis! Upvoted :) Could you perhaps do one on Monero (XMR)?
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