Golem Price Prediction – Will GLM Price Hit $1 Soon?

This Golem (GLM) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key confluences that we have taken into consideration upon coming up with our price analysis and prediction.

The cryptocurrency market has started to surge again. In fact, there are many crypto assets that increased to a new all-time high during the recent 2021 bull run. Golem was among the cryptocurrencies that did not attain a new all-time high having sustained its previous all-time of $1.25 that was attained on January 4^th, 2018 according to CoinMarketCap.

Nevertheless, the crypto market is recovering slowly, and most cryptos are losing their previous gains. Is the scenario the same as the GLM price? We’ll find out shortly in this Golem price analysis 2022 article. But first, let’s have a look at what GLM is.

What is Golem (GLM)?

On April 28th, 2016 the Golem Project was announced, led by Golem Factory. The network launched on mainnet on April 10, 2018. The Golem Network is a decentralized computation network, a new way of distributing redundant computing power to those who are in need of it, on-demand. It creates a peer-to-peer network where users join on an equal basis to buy and sell computation, splitting up complicated tasks into smaller subtasks in the network. In Golem there’s no central authority and no user is more or less important than another.

GNT or Golem Network Token is needed to pay for computations on the network and is the currency that drives our marketplace. As a Requestor, you set a bid for an amount of GNT you are willing to pay to have your task completed. As a Provider, you earn GNT by computing tasks for Requestors. You can set your minimum and maximum price thresholds in your settings.

Golem tools include:

• Golem SDKs which includes Requestors and Providers tutorials
• Execution Environments (eg. Wasm, VM, SGX stack)
• Python, JavaScript and Rust API
• Awesome Golem, a community-curated list of resources, links, projects, tools and applications on Golem!

Golem (GLM)) Current Market Status

Golem (GLM) is one of the most aggressive cryptocurrency assets in the crypto market today. In fact, crypto was able to record a growth rate of over 15.4% in the past month. For this reason, GLM has become one of the most talked-about digital assets in the crypto world due to its recent surge.

In terms of its market standing, the crypto positions itself as one of the most prominent cryptocurrencies in CoinMarketCap, since it is in the 138^th position.. As a result, the GLM price trades at $0.3586 with a 24-hour trading volume of $69,448,371 and a 24-hour increase of 27.88%. Indeed, this market status of crypto attracts global investors all around the world.

Now that you already have an idea about what Golem cryptocurrency is, do you think GLM is a good investment this year? If you are already excited to know, come, and together let us check this Golem (GLM) price prediction and price analysis article.

Golem (GLM)) Price Analysis 2022

Currently, GOLEM holds 138^th place on CoinMarketCap. But will the recent development and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this GLM price prediction article.

From the 1Day chart of GLM/USDT above that shows the William Alligator, we can see that since the jaw (blue curve) is above in recent trend. This means that there is a high probability that the price of Golem will be bearish soon.

The relative strength index of GLM is 50.18, which means that the present uptrend is strong since it lies between 50 and 70, though it is could get to the overbought region soon.

Since the 90-MA of Golem (GLM) is above the 30-MA, investors should be hopeful that the price of GLM will be bullish in the future.

Golem (GLM) Price Prediction

From the chart below, if the bears have their way, the price of Golem might break the $0.2790 at suppport1 level and plummet to $0.1689 at support2 level, which is the bearish price signal for 2022.

Conversely, the market might run with the crypto, thereby making its recent uptrend position to be sustained, so that the price of GLM will break the $0.4201 at resistance1 and even move higher to $0.8005 price at the resistance3 level, the bullish signal for 2022.

Golem (GLM) Price Prediction 2022

If GLMs bullish trend continues, GLM will reach $0.8005 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.5578. Then this rise will slow down, but no major falls are expected. With upcoming partnerships, and developments reaching $1 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Golem (GLM) Price Prediction 2023

The price of GLM can move even great heights, however reaching $2. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency Golem breaks past the psychological resistance level.

Golem (GLM) Price Prediction 2024

As per the latest upgrades, developments, GLM price prediction, and new project forecasts of the platform the price surges. Moreover, this might boost the price of Golem in the crypto market, and it will be the best investment as the price can spike and reach around $4.

Golem (GLM) Price Prediction 2025

In the next four years, Golem (GLM) prices could rise up to $5. However, reaching this level could not be so difficult for GLM as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.

Golem (GLM) Price Prediction 2026

In the next five years, GLM prices could rise up to $10. However, reaching this level could not be so difficult for Golem as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.

Conclusion

Golem has a great future ahead of it in 2022. With ongoing developments happening within the Golem Network, as well as in the overall crypto market, we may see API3 reach new heights. The bullish price prediction of GLM is $0.8005.

Meanwhile, our long-term Golem price prediction for 2022 is bullish. It has a low possibility of surpassing its current all-time-high (ATH) at about $1.25 according to CoinMarketCap this year. However, that will only happen if it breaks past a number of psychological resistances.

Also, if investors have decided that Golem is a good investment in 2022 along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.