The demand for faster and more efficient computer technologies is growing every day. In this circumstance, there is a huge need for powerful gadgets that may be derived from the numerous idle computer equipment that can be found in every home across the world. This processing capacity may be applied to a variety of machine-intensive tasks. Many people have tried to use it, but it hasn’t been largely successful, primarily because the suppliers haven’t been compensated. Golem was designed to reward service providers who must do various computer-intensive tasks by different platform customers.
The only way to trade services on the site is to exchange GNT coins. Following that, the GNT coins are traded for other cryptocurrencies or regular currencies. The platform is expected to increase over time due to Golem’s general usability and the growing need to use computing services rather than traditional cloud computing.
For many investors, this growing demand has piqued their attention. As a result, it is necessary to assess if GNT is a solid investment with a bright future worth. You can follow gnt token price for real-time updates of the price.
Golem’s token sale, which took place in late 2016, only a few months after Bitcoin’s halving event, raised over $8.6 million. It was merely $0.01 in price. GNT is presently selling at about $0.60, representing a staggering 6000 percent return if you were an early investment or have held since the beginning. However, many investors acquired GNT when it was selling at $1 in late 2017 and early 2018, now must wait patiently.
In general, the near-term outlook for GNT is favorable since the market has recently been rising, and the currency has not yet reached its highest level this year. However, in a year, the current price may be lower. As authorities and investors continue to push for taxation and legitimacy, the long-term market appears gloomy. Over time, this can only lead to positive outcomes.
Golem might reach $0.75 in October 2021, according to technical regressions research.
In October 2022, it could reach a high of $0.98 and a low of $0.67.
However, Golem will reach a final development stage in 2022-2023, with numerous ups and downs. Golem’s eight-year development plan will be revealed in 2025, as will the Bitcoin fourth halving event. It may reach $5.25 by 2025, which would not be shocking. If everything proceeds according to Golem’s goal to compete with large cloud computing costs might rise much more.
Golem has a noble plan but a terrible business plan. Due to a lack of software to demonstrate its use cases, the market has lost interest in it since 2017. It lacks sufficient marketing to reach its intended audience. Businesses are constantly seeking methods to save money. Renting isn’t always the best choice. As a result, making computer services available to consumers is beneficial for all businesses.
The platform is entirely operated by developers, with a marketing staff that is outsourced. The marketing is both excessive and insufficient. However, it should be noted that marketing may be a strategy in this context, as Golem may be waiting till the development is at a good enough point to participate in business and end-users. CGI rendering is already popular on the platform. However, it still has a long way to go before grabbing a significant share of the cloud computing industry.