- Bullish GLM price prediction ranges from $0.33 to $0.82.
- GLM price might also reach $1 this 2022.
- GLM’s bearish market price prediction for 2022 is $0.17.
Golem is an open-sourced platform for systems of computers. It is an Ethereum-based token and is denoted with GLM.
Golem investors are bullish on the token since it has a return on investment (ROI) of over 33 times in the past six years. The crypto bubble of December 2017 and early January 2018 led to an increase in the price of GLM to its present all-time high (ATH) of $1.25, attained in January 2018. Ever since it, it has been unable to break the psychological resistance. Irrespective of the recent crypto winter, which led to a dip in the price of most cryptocurrencies, GLM investors are confident that the future of GLM is bullish.
If you are interested in the future of Golem (GLM) and want to know the price analysis and price prediction of GLM for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this Coin Edition article.
What is Golem (GLM)?
Golem is an open-source computing system platform built on the Ethereum blockchain. Its native token is GLM, although it was solved as Golem Network Token (GNT) during its initial coin offering in November 2016. Holders of GNT that are used as the area network’s token to regulate transactions can exchange it for GLM in the ratio of 1:1.
Golem (GLM) is present in some blockchains like the Ethereum blockchain and Polygon blockchain. The mainnet of Golem was launched in April 2018.
Computer users whose systems are idle can provide unused computing capacity to those whom most need it and get paid in GLM. The Golem Network settlement layer is built on top of Ethereum’s Layer 2, allowing for cheaper transactions.
Golem was founded in 2016 as Golem Factory by Julian Zawistowski, Andrzej Regulski, Piotr Janiuk, and Aleksandra Skrzypczak. The Golem Network provides developers and creators with flexible, open-sourced platforms through its cutting-edge architecture. It is a censorship-resistant protocol.
Golem (GLM) Current Market Status
The maximum supply of Golem (GLM) is 1 billion GLM, while its circulating supply is 1 billion GLM, according to CoinMarketCap. At the time of writing, GLM is trading for $0.30, representing 24 hours increase of 1.37%. The trading volume of GLM in the past 24 hours is $191.9 million, representing a 348% increase.
Some top cryptocurrency exchanges for trading Golem (GLM) are Binance, Kucoin, Huobi Global, Gate.io, Bithumb, and others.
Now that you know what GLM is and its current market status, we shall discuss the price analysis of Golem (GLM) for 2022.
Golem (GLM) Price Analysis 2022
Currently, GLM is ranked in the 108th position on CoinMarketCap. Will developments and upgrades within the Golem community lead to a rise in the price of Golem (GLM)? We shall see in this Coin Edition price analysis 2022 article.
Golem (GLM) Price Analysis – Keltner Channel
Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Golem (GLM), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the top. Also, since the last candlestick is bullish, the present increase in the price of GLM might be sustained before any reversal would be expected.
Golem (GLM) Price Analysis – Relative Strength Index
The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Golem (GLM) 1day chart of GLM/USDT is 54.90. This shows that GLM is showing a strong trend between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.
Golem (GLM) Price Analysis – Moving Averages
The chart above shows the 1Day chart of GLM 200-day and 100-day Moving Average (MA). Presently, GLM is on a bullish trend, as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term hodlers.
Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Golem (GLM) might experience a significant rise or fall in the future.
Golem (GLM) Price Prediction 2022
By looking at the daily chart of GLM/USDT, GLM price was swinging from $0.42 resistance2 to $0.33 resistance1 after touching the support level at $0.24. It reversed from the support level of $0.24 and now going sideways in the market and is expected to be bullish in the coming weeks.
Meanwhile, our long-term GLM price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect GLM to reach $1 in 2022.
Golem (GLM) Price Prediction – Resistance and Support Levels
This bullish chart shows that the price of GLM has increased by 1.1% in the past 30 days. If this price increase continues, GLM could break the $0.33 resistance1 level and move higher to $0.82 at the resistance6 level and even higher, the bullish signal for 2022.
However, if sellers have their way, the price of GLM might be dethroned from its present uptrend position. In simpler terms, GLM might trend below the $0.17 support2 level and even lower in 2022, a bearish signal.
Golem (GLM) Price Prediction 2023
If the value of the relative strength index (RSI) of GLM is at least 60 by the end of 2022, the bulls and investors are in change. This could spill over into the first half of 2023, making the Golem (GLM) price trade around $2 by the end of 2023.
Golem (GLM) Price Prediction 2024
The positive sentiment that comes with the news of Bitcoin halving could directly impact the price of GLM. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the cost of GLM trade at $4 by the end of 2024.
Golem (GLM) Price Prediction 2025
By the end of 2025, the price of Golem (GLM) could rise to $8. This is because of the price surge a year after Bitcoin halving. Also, more developments will be introduced into the Golem platform since it rewards developers that contribute to the development of layer-2 blockchain.
Golem (GLM) Price Prediction 2026
With the number of GLM hodlers on the increase and the growing sentiment about cryptocurrencies, GLM has the possibility of holding most of its recent gains and consolidating. Hence, the price of GLM could trade around $10 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.
Golem (GLM) Price Prediction 2027
By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of GLM could surge to $12 by the end of 2027.
Golem (GLM) Price Prediction 2028
In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. Therefore, the market could attain a higher high-value Golem (GLM) could hit $15 by the end of 2028.
Golem (GLM) Price Prediction 2029
By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin (BTC) halving, could surge the price of GLM to $25 by the end of 2029.
Golem (GLM) Price Prediction 2030
The cryptocurrency market experienced high stability as a result of the hodling activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Golem (GLM) to trade around $50 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.
As said above, GLM might reach $1 in 2022 and $50 by 2030 if investors have decided that GLM is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
Golem is an open-source computing system platform built on the Ethereum blockchain. Its native token is denoted as GLM, although it was solved as Golem Network Token (GNT) during its initial coin offering in November 2016. Holders of GNT that are used as the network’s token to regulate transactions can exchange it for GLM in the ratio of 1:1.
Like other cryptocurrencies, Golem (GLM) can be traded in cryptocurrency exchanges like Binance, Huobi Global, Kucoin, Gate.io, and others.
GLM has a low possibility of surpassing its present all-time high (ATH) price of $1.25 in 2022. However, due to the positive sentiments of its investors, this could be reached by 2023.
GLM is one of the few cryptocurrencies that has retained its bullish momentum in the past seven days. If this momentum is maintained, GLM might reach $1 soon after its breaks the $0.82 psychological resistance.
GLM has been one of the most suitable investments in the crypto space in the past six years. Its return on investment of over 3300% makes it one of the assets to keep on the watch list and hodl for the future.
GLM has a present all-time low price of $0.008797.
Golem Network was co-founded by Julian Zawistowski, Andrzej Regulski, Piotr Janiuk, Aleksandra Skrzypczak.
GLM has a maximum supply of 1,000,000,000 GLM.
It was launched in 2016.
GLM can be stored in private wallets and cold and hot wallets of centralized exchanges.
GLM price is expected to reach $2 by 2023.
GLM price is expected to reach $4 by 2024.
GLM price is expected to reach $8 by 2025.
GLM price is expected to reach $10 by 2026.
GLM price is expected to reach $12 by 2027.
GLM price is expected to reach $15 by 2028.
GLM price is expected to reach $25 by 2029.
GLM price is expected to reach $50 by 2030.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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