GNT (Golem) as Large-cap Ethereum based Token is 53 in 2100NEWS ranking. GNT has Excellent quality of the order book. The average quality of the order book for large caps members of NWSL100 index is 9.5. What is the true value criterion in the crypto world?
*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind when you create a buying list to go into the crypto world.
Golem has been launched in 49 exchanges. With crowdfunding in November 2016, Golem raised 820,000 ETH (100% of cap).
GNT as Large-cap Ethereum based Token is 53 in 2100NEWS ranking (after Index Review of 30th August 2019). It is an Index member: NWST1100, NWSL100, NWSTo100, NWSET100
2100NEWS DA Orderbook Quality Evaluation Grade: Excellent, Score: 14, (Average for Large caps: 9.5)
Over the past week, the average market cap was 57.3 million $, average daily volume was 2.4 million $.
To make appropriate peers comparison we gauged the GNT (Golem) token with 2100NEWS Digital Assets 100 Large Cap Index (NWSL100). Looking at the chart below, at the top we can see the original GNT price, in the middle of the chart is GNT vs. NWSL100, at the bottom of the chart are NWSL100 and correlation between GNT and NWSL100. On average (EMA25 – green area graph), the relationship between GNT and NWSL100 has remained similar from May for nearly three months, meaning it declined vs. NWSL100 but this relationship has changed in August. However, the correlation graph gives us an explanation that GNT was moving in the opposite direction as the NWSL100 (negative correlation) last two weeks and four weeks in June and July. For the rest of the time, representing 60% of the time, it was moving in the same direction as the NWSL100. Despite these changes, now the GNT/NWSL100 ratio is practically the same as at the beginning of May. So, the last four months, GNT has been a good representative of the NWSL100 index.