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.
According to Etherscan, ownership is very dispersed. There are 102,355 token holders (at the time of this article’s writing).
At Golem they were quite busy this year: they built the first release, integrated new use-cases, upgraded their marketplace… They haven’t set exact dates because they are developing multiple products at once. Some of these are already in Beta (Brass Golem) and others are still in development. According to their blog they improved their app Brass Golem Beta. They also invested heavily into the community by organizing workshop, sponsoring Devcon in Osaka (Oct 8 – Oct 11, 2019), sponsoring ETHBerlinZwei, Europe’s largest Blockchain hackathon (Aug 23 – Aug 25, 2019).
About Golem – what they do
Golem is a decentralized marketplace for computing power. It enables CPUs and GPUs to connect in a peer-to-peer network, enabling both application owners and individual users (“requestors”) to rent resources from other users’ (“providers”) machines. These resources can be used to complete tasks requiring any amount of computation time and capacity. Nowadays, centralized cloud providers are in control of these services, these platforms are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Golem proposes an open-source, decentralized and user controlled alternative.
Golem is based in Warsaw, Poland. Most of the team members have already worked together on many projects before Golem. The core team is made up of Julian Zawistowski (CEO, founder), Piotr ‘Viggith’ Janiuk (CTO, co-founder) and Andrzej Regulski (COO, co-founder).
Exchanges: Alterdice, Binance, BitBay, Bitbns, Bithumb, Bitkub, BitMart, Bitrue, Bitso, Bittrex, Braziliex, BTC Markets, BW.com, Coinbase Pro, Coinbe, Coineal, CoinEx, CoinExchange, CoinField, CoinPlace, CoinZest, CredoEx, Dcoin, Ethfinex, Exmo, Fatbtc, Gate.io, GOPAX, Hanbitco, HitBTC, Huobi Global, Huobi Korea, Independent Reserve, Iquant, Korbit, Livecoin, LocalTrade, Mercatox, OKEx, Poloniex, Sistemkoin, Tidex, Trade.io, Upbit, Vebitcoin, VinDAX, WazirX, YoBit, ZB.COM.
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The Crypto Highlights are considered the opinion of 2100News and the material is for informational purposes only and 2100News is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security nor is it to be construed as investment advice. At the time of this article’s writing, the author did not hold any tokens GNT.