Why the Price of Tokens Rises Ahead of Unlocks
Token unlocks are often bearish events that spark price rallies in advance. Do you know why?
Continue reading Why the Price of Tokens Rises Ahead of Unlocks at DailyCoin.
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Token unlocks are often bearish events that spark price rallies in advance. Do you know why?
Continue reading Why the Price of Tokens Rises Ahead of Unlocks at DailyCoin.
In Moonbeam (GLMR) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about GLMR to analyze
Many cryptocurrencies recorded price fall in the past 24 hours. For instance, Bitcoin prices have fallen by 1.65% in the past 24 hours. Even though the 7-day gain shows a 3.23%, the current level is not encouraging. Ethereum hasn’t fared well, either. Its 1-hour trend shows a 0.99% loss, while the 24 hours level indicates a 1.76% fall. Looking at ETH 7 days price movement, the crypto has lost 7.02%, which is surprising given the hype around the Merge. Related Reading: Displaced ETH Miners Seek Refuge In Ethereum Classic, Ravencoin Tether USDT shows all red in 1 hour, 24 hours, and 7 days gain. Many other altcoins also in red include USDC, BNB, XRP, ADA, SOL, Dogecoin, etc. But amid these recent woes, Golem GLM has pushed past expectations. Golem GLM Leads in 24 hours Price gains Golem has seen a price push within the past few days. Currently, GLM price sits at $0.3583, indicating a 14.76% price gain in 24 hours. Watching its movement on the trading chart today, September 15, the coin has been increasing steadily since the market opened. Apart from adding more in its 24 hours price growth, Golem GLM is also encouraging investors with its 7 days price gain. It has added more than 20% growth in one week. This growth level is above many altcoins, besides Ravencoin. The coin also has a high 7 days price growth but is in red for both 1-hour and 24 hours growth. Golem Price Grows, What Could Be The Reason? On September 12 and 13, the Golem price pushed higher, showing a 55% price increase in 24 hours. The coin, previously struggling between $0.276 and $0.281, spiked to $0.4054, sending the market into a buying frenzy. September 14 saw the price move down to $0.345. But GLM is currently adding more as trading continues on September 15. There’s hope the crypto might reach September 12 and 13 levels again. This fast growth has made market watchers wonder about the possible reasons. The recent spike in Golem might be linked to the announcement of new hires. According to its Twitter message on September 6, the network is adding developers to its team, indicating expansion. It also announced that new hires would earn between $3K and $10K monthly, plus other priceless life-changing experiences. The community head, Mattias Nystrom, even stated that the developers could choose a currency they want for their payments. Should Investors Go Bullish? This announcement might have caught investors’ interest in adding funds to a rapidly expanding network. But some analysts advise waiting a bit before going bullish on the crypto. They expect a 78.6% Fibonacci retracement level, the next level of support that might underpin GLM price at $0.3275. Related Reading: AVAX Price Rebound Fails To Breach $22 Resistance Due To High CPI Data For now, the resistance is at $0.3746 and $0.4079. Investors can buy until the $0.4413 and $0.4820 price levels if the coin breaks above these levels. Featured image from Pixabay and chart from TradingView.com
Bullish GLMR price prediction is $1.0425 to $5.4927. Moonbeam (GLMR) price might also reach $6 soon. Bearish GLMR price prediction
Golem Price Prediction for the future shows that it is a profitable investment that provides a good return for the long term. Golem GLM is expected to be worth $0.77 in five years, which is around three times its present value. Invest on the drop and wait for price adjustments, according to experts’ predictions. What […]
Golem Token (GLM) is an Ethereum token that allows users to use the Golem protocol to pay for and receive resources. Golem is a software that encourages people to run a marketplace where computational resources can be bought and traded for cryptocurrency. The protocol’s goal is to allow network participants to lend their computer’s extra […]
In this article, we will be discussing about Moonbeam and the potential of the GLMR Crypto in the crypto market in 2022.
After a correction, GLMR is trading at $4.19, up 8.15 percent for the day. On-chain governance, staking, and cross-chain connections
Over the last few days, the crypto market has posted nothing short of remarkable returns to reward traders. This is after the market started this month with a massive decline and ended with a massive surge into green places. Although some rewards are not enough to cover the losses, it is a step in a good direction for the market. Noticeably, top coins like Bitcoin and Ethereum are not leading this charge. Tokens further below in terms of market cap have been gathering profits in the last week. In this article, we will be looking into the top five best cryptos that have performed well in the crypto market for this week.
Top 5 Best Crypto For The WeekAs mentioned above, the market is better now than when it started the month, as tokens are coming back to winning ways. Surprisingly, Bitcoin (BTC) is not leading this charge. This is because the digital assets have not yet been immersed in the market spirit. Below are the top 5 best cryptos leading the market charge in terms of performance;
#1 Stepn (GMT; 247.24%) Fig. 1 GMT/USDT 1-day chart - TradingviewStepn is a fun app that provides players with the feel of gaming in the Web3 universe. Users make use of virtual sneakers to play the game. In the game, they are required to either walk, jog or run before they can earn the native token of the app, GMT. The higher the GMT tokens they have, the more they can level up. Players can also lease or sell their sneakers to other users in the game. GMT has been doing well in the crypto market in the last week, with a massive surge of 247.24%. However, the token is presently trading at $2.69, with a small surge of 0.30% in the last 24 hours. In the last 24 hours, the token has posted a trading volume of $2,330,589,652 and a market cap of $1,611,987,183. There are presently 600,000,000 GMT tokens in circulation.
#2 Ziliqa (ZIL; 79.16%) Fig. 2 ZIL/USDT 1-day chart - TradingviewZiliqa is a public blockchain with the ability to carry out thousands of transactions in seconds. The blockchain does this as a result of its massive throughput. To eliminate scalability and speed issues, it uses sharing as a solution in its second layer. The platform is presently housing a lot of protocols in the DeFi sector. ZIL, its native token, has performed wonderfully in the last seven days, with the token posting a gain of 79.16%. However, it is down about 10.60% in the last 24 hours, posting a price of $0.165. Its trading volume in the same time frame is $3,453,745,450 while its market cap is $2,081,719,657. There are about 12,601,723,886 ZIL tokens in circulation.
#3 Skale Network (SKL; 66.79%) Fig. 3 SKL/USDT 1-day chart - TradingviewSkale Network comes in third place with a remarkable 66.79% performance across the last week. The network was designed to help Ethereum achieve scalability due to its massive elasticity. The project ensures that latency is reduced and transaction capability increases while making transactions. This helps readers carry out trades while paying as cheap as possible for gas fees. The project intends to help developers create dApps that would solve real-world issues in a decentralized way. According to the developers, all these promises will be achieved with maximum security on the network. SKL is presently trading at $0.273 and is seeing a slight decline of 1.60% in the last 24 hours. The token is posting a trading volume of $112,490,821 and a market cap of $948,531,209 in the same time frame. Skale Network presently has about 3,473,102,671 SKL tokens in circulation.
#4 Moonbeam (GLMR; 64.32%) Fig. 4 GLMR/USDT 1-day chart - TradingviewMoonbeam ranks up at 64.32% for the week to take the fourth spot on this list. The crypto project is a smart contract parachain that is located on Polkadot. However, traders who want to use it on Ethereum can do so due to its compatibility. Moonbeam provides tools for developers to create apps that traders can use in a substrate environment. The native token of the network, GLMR, is presently trading at 4.58% while posting a loss of 9.62%in the last 24 hours. The token has a trading volume and market cap of $786,863,626 and $942,762,664 in the last 24 hours. The current circulating supply of GLMR is presently 206,061,843 tokens.
#5 Waves (WAVES; 58.06%) Fig. 5 WAVES/USDT 1-day chart - TradingviewTaking up the last spot for this week is Waves, which saw a massive climb of 58.06% in the last seven days. Waves is a decentralized platform that supports decentralized applications and smart contracts across different blockchains. It was launched in 2016, around the period that ICO was a thing in the sector. Its main function was to help increase speed and utility across different blockchains. Presently, WAVES is trading at $50.41, with a decline of 4.69% in the last 24 hours. Over the same duration, the token has posted a trading volume of $1,187,901,418 and a market cap of $5,439,259,121. There are presently 107,905,000 WAVES tokens in circulation.
ConclusionHonorable mentions include AAVE (50.97%), SOL (37.59%), AUDIO (32.69%), SCRT (30.79%), XEC (30.69%), NEAR (28.49%). It is safe to say that the crypto market is gradually returning to the top, and tokens are reacting. However, traders need to tread with caution when choosing tokens to trade. Although some tokens are making surges now, they might not last long because they don’t have a better use case. It is advisable to research the token you want to purchase and diversify your portfolio as well.
© Cryptoticker
In this article, I have picked five most promising utility tokens that do not require massive investments at the moment but can turn out to be a lucrative asset in the future. (Read More)
Since Bitcoin is a shiny gold that appreciates over time and beats inflation always, the question to ask is why not everyone sets up mining rigs and mine Bitcoin, instead of buying them from an exchange. Well, the answer for the same is the cost involved in mining BTC and other PoW cryptocurrencies. As a result, industry-centric mining rigs with a very high hash rate have been mining the majority of the cryptocurrencies and retail miners have turned marginalized over the years.
What if there was a way to deal with this problem? Or, put better, what if the community could jointly share resources and establish true decentralization on which all cryptocurrencies stand. That’s what the Golem Network aims to achieve and it has been striving towards its fulfillment.
What is the Golem Network and GNT Token?Golem is a cryptocurrency-powered software ecosystem where computational resources can be bought or sold for cryptocurrencies, especially, the GNT token. The ecosystem establishes a democratized cloud computing environment where hardware can be purchased online through a sharing economy and put to use for meeting various purposes. Like a supercomputer, Golem performs CGI rendering, AI, and crypto mining. In this way, most of the computational power which remains unused can be shared by the owners with others in exchange for GNT Token.
GNT is the native token within the Golem ecosystem which will streamline all operations of sharing, buying, selling, and renting in the Golem ecosystem.
Note: In a recent token migration, GNT Token has been renamed as GLM Token.
How Does The Golem Network Establish a Shared Economy?Golem’s ecosystem’s motive is to provide an open-source workable ecosystem model which is highly flexible, programmable, and connects to the end-users on a personal level. Through the Golem Network, a wide array of tasks can be performed like CGI rendering, Machine Learning, scientific computing, and token mining. In the workable model, the requester needs to submit a task that will be matched by the sender. Once that is established, the sender will share the computational resources on-chain over the network.
For example, if Alice has a large mining rig with an 800 m/H speed; however, Alice could use just 600 m/H. To maximize the mining potential of the set-up, Alice could lend the additional 200 m/H of computing power to Bob through a shared mining pool. For the same Alice will raise a payment note and Bob must pay in GNT tokens for such a service. In this way, despite Bob not having a mining set-up, he could easily mine BTC using Alice's computational power. That’s the whole point of Golem Network, to establish true decentralization.
Why is GNT Token a Revolution?GNT token has turned revolutionary because the ecosystem has been diversifying use-cases ever since its inception. Not just empowering the mining, but also other aspects. In the latest release, the Golem Network has introduced 3D rendering. Through the help of the 3D rendering, all those artists, creators, and animators who couldn’t complete their project due to restrictive computational power costs could use the Golem Network by paying those who own such resources through the GNT token and complete their projects.
GLM Price Prediction - What is Happening to Golem Crypto?GLM token has shown mixed reactions on the charts for the last few months. We did see double bottom formation at the .28 and .27 price levels. However, the market did pick up from 0.49 price levels.
Pic 1. Break out from the resistance levelIf we look at the trading volume in the last 24 hours, it is well over 574%.
Pic 2. Daily Trading VolumeHowever, we do see a descending triangle forming at the 0.62 and 0.56 price levels which could show that we might see a further downside in action where prices may drop to as low as 0.48 level. However, to invalidate that claim, support should form somewhere at the .50 level which could possibly see the next resistance at the .62 levels.
Pic 3. Descending triangle pattern Where to Buy GNT Token?Since the GNT token migrated to GLM, there are not many exchanges that still sell this old token. You would find GNT on DEXs such as LBank, Apeswap, and Hotbit. On the other hand, the volumes traded are very low. That's why it would make more sense to buy GLM instead.
Where To Buy GLM Token?There are many exchanges that offer the Golem GLM token. We picked the safest exchanges below:
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The post Swap your GNT token to GLM TODAY – Get to know all About Golem Crypto! appeared first on CryptoTicker.
Moonbeam is one giant leap for Polkadot and the future of interoperability. Don’t be surprised to see your favorite dApps on Moonbeam with its EVM focus. Covered: Moonbeam Network is Live What Exactly Does The Protocol Do? Moonbeam Crypto Has Made History in the L1 Space What’s Next For Moonbeam? Moonbeam Network is Live Last […]
The post Moonbeam Officially Launches on Polkadot; Token Pumps 35% appeared first on CryptosRus.
Glimmer (GLMR) is now available on the world’s largest cryptocurrency exchange Binance. Further, users can buy, trade, and withdraw GLMR
The post has appeared first on thenewscrypto.com
The Graph goes live on Moonriver (MOVR), as the powerful indexing protocol further expands into the Polkadot (DOT) and Kusama (KSM) ecosystems.
The post The Graph expands into Polkadot, Kusama ecosystems with Moonriver support appeared first on CryptoSlate.
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