Golem coin, an ICO-era Ethereum project, made significant movements of Ether recently. It was reported that the project moved $100 million worth of Ether to exchanges over the past month, which was in line with staking over $120 million in ETH post its substantial sale. Another report revealed that amidst market volatility, Golem transferred 4,600 ETH to Binance and Bitfinex during price recovery stage. Moreover, movements like these led to speculation about the possible reasons behind moving such enormous sums, particularly during uncertain market conditions. However, irrespective of these movements, ETH experienced a drop in price.
On the subject of
price predictions, expectations for Golem are looking positive. The coin has recently soared to $0.5015, looking towards the $0.60 resistance. Furthermore, experts are postulating high returns for three blockchain projects with the potential of providing 10x profit in May, and Golem is among them. Some experts speculate that if Golem hits $10, it would significantly boost investors' portfolios.
In terms of platform development, Golem continues its focus on becoming a decentralized supercomputer. As part of their project, Golem Network introduced a laptop app for Ethereum mining, though generating profit from it may be challenging. Furthermore, Golem's research executives have left the project to undertake 'riskier' research under a new non-profit, which could influence Golem's future innovations and developments.
Generally, market volatility and substantial Ether movements generated mixed feelings around Golem, but the overall sentiment leans towards a positive trend, notwithstanding potential threats.
Golem Coin News Analytics from Thu, 08 Sep 2016 07:00:00 GMT to Fri, 12 Jul 2024 00:15:12 GMT -
Rating 4
- Innovation 3
- Information 9
- Rumor -2
