Golem up 170% in 24hrs - A Review Of Golem and Trading
Golem's Price ran up from $0.276 to $1.88 or 561% in one day. Then settled back to a gain of about 170% as I write this. You might ask why?
The Golem Project Tweeted
Prorsum et sursum ad excellentiam. Golem is proud to announce we have finally launched our Brass Beta into mainnet. We still have a lot of work to do - but this marks a new beginning for us
This is good news indeed. I have been invested in Golem since the early part of the ICO. I've traded a portion of my Golem (GNT) holdings in and out since the ICO and made a tidy profit on those trades. However I lightened my core holding by a very large percentage after they missed the roadmap date for Brass by a wide margin. I've been recency buying back into GNT since the price was so depressed.
I have put quite few friends and family into Golem since the ICO and they have done well just holding it. I am holding Golem tokens symbol GNT for the long term. This could be huge in time, I've always believed that.
Price history GNT price has risen from about $0.01 to a high of $0.68 before falling back down to about $0.20. In December it hit an all-time high around $1.16 before falling to about $0.19 in recent days. I've been buying back in since the price fell to $0.23 and lower.
The Golem developers had come under fire in the intervening period since Golem’s ICO ended in November 2016. Golem missed their roadmap projection for the release of Brass Golem the first production version of Golem. Owners of Golem Tokens feareds the 820,000 ETH raised during the GNT token sale would not produce adequate value for investors.
The project team has been exceeding cautious in this first production release leading to a long delay. After all, the project is a very ambitious one, to create a web based supercomputer that anyone can rent time and lease resources to. The decision to launch rather than continue closed testing has gladdened the market.
Golem's Tagline: Airbnb for computers. Rent your CPU/GPUs, get paid in cryptocurrency. A true cloud compute platform.
Golem was a big ICO in the early days of ICOs. It's a well funded project with a great development team.
Summary Long Term Buy and Hold, Short Term some very attractive trading opportunities on swings within it's trading range once a surge or decline in price has stabilized. If the current BTC rally continues the short term price goal for profit taking is about $1.08 at the R3 pivot on my chart.
A more in depth review of Golem is available on my website .
Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work.
All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor.
Wishing you success,
Isaac
The Golem Project Tweeted
Prorsum et sursum ad excellentiam. Golem is proud to announce we have finally launched our Brass Beta into mainnet. We still have a lot of work to do - but this marks a new beginning for us
This is good news indeed. I have been invested in Golem since the early part of the ICO. I've traded a portion of my Golem (GNT) holdings in and out since the ICO and made a tidy profit on those trades. However I lightened my core holding by a very large percentage after they missed the roadmap date for Brass by a wide margin. I've been recency buying back into GNT since the price was so depressed.
I have put quite few friends and family into Golem since the ICO and they have done well just holding it. I am holding Golem tokens symbol GNT for the long term. This could be huge in time, I've always believed that.
Price history GNT price has risen from about $0.01 to a high of $0.68 before falling back down to about $0.20. In December it hit an all-time high around $1.16 before falling to about $0.19 in recent days. I've been buying back in since the price fell to $0.23 and lower.
The Golem developers had come under fire in the intervening period since Golem’s ICO ended in November 2016. Golem missed their roadmap projection for the release of Brass Golem the first production version of Golem. Owners of Golem Tokens feareds the 820,000 ETH raised during the GNT token sale would not produce adequate value for investors.
The project team has been exceeding cautious in this first production release leading to a long delay. After all, the project is a very ambitious one, to create a web based supercomputer that anyone can rent time and lease resources to. The decision to launch rather than continue closed testing has gladdened the market.
Golem's Tagline: Airbnb for computers. Rent your CPU/GPUs, get paid in cryptocurrency. A true cloud compute platform.
Golem was a big ICO in the early days of ICOs. It's a well funded project with a great development team.
Summary Long Term Buy and Hold, Short Term some very attractive trading opportunities on swings within it's trading range once a surge or decline in price has stabilized. If the current BTC rally continues the short term price goal for profit taking is about $1.08 at the R3 pivot on my chart.
A more in depth review of Golem is available on my website .
Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work.
All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor.
Wishing you success,
Isaac
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