Scanning the crypto market, we can see that Golem (GNT) has recently touched the $0.59308 level. The circulating supply levels are presently 834862000 with a market capitalization of 493010222. Recent volume has been seen at 10430500. Since the previous day’s settlement price, the currency has seen a change of 6.89%.
About Golem (GNT):
Golem (Symbol: GNT) is a global, open sourced, distributed supercomputer that allows everyone to get access. It is based on the combination of power from user’s machines (from personal computers to entire datacenters). This currency is used to compute almost any program users can think of, from rendering to research to processing websites in a completely distributed and economical way. The Golem system is a distributed sharing economy of computing power, where anybody can make money ‘renting’ out their computing power or growing and selling software.
Although cryptocurrencies have been growing in popularity, it remains to be seen whether businesses will adopt them as generally accepted payments for goods and services. The element of trust may play a large role in the wide scale adoption of digital currency. Users will not only need to trust the technology behind the specific coin, but they will have to trust that other people will share the same level of trust and continue to accept the crypto as a legitimate form of payment. As more and more cryptocurrencies are introduced, consumers and investors will have to examine the underlying function. Unlike Bitcoin, there are many alternate coins that serve specialized purposes.
Investors might be trying to figure out how to best navigate the crypto market. With so much uncertainty and volatility, it may be extremely hard to figure out the proper play. The rise of Bitcoin has helped thrust cryptocurrency into the limelight. Although there are plenty of widespread opinions about the future of digital currency, it may be difficult to come to a definite conclusion with the current state of the market. As more information becomes available and research is conducted, the crypto market may become a little more demystified in the near future.
Many cryptocurrencies will face some major hurdles in the upcoming months. There still seems to be a pervasive mindset of distrust among professionals and amateurs alike. High volatility and widespread value fluctuations can lead to second guessing among investors. Crypto market enthusiasts may see big potential, but others may be highly cautious. For the average investor, the degree of risk may be too high to comfortably risk hard earned capital. Investing in cryptocurrencies may involve a lot more research and examination. Crypto startups may be facing stiff competition as the market becomes more and more saturated.