In this guide, we will voice our own and market’s opinion on GLM future while discussing Golem price forecast for 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Golem.
Now, let’s head into it. Before we delve deep into the Golem price prediction and answer questions if GLM is a good investment or not, why will GLM succeed or fail or why will Golem price rise or drop, let’s quickly throw a glance at what is GLM and its to date history.
Golem Intro
Golem is an Ethereum based project that aims to build a decentralized network which allows users to share and aggregate computing resources to create a global supercomputer.
The Golem team is creating a network to share resources and hopes to supply software developers with an alternative to traditional centralized cloud service providers like Amazon, Google, Microsoft, and IBM. The network functions as a peer-to-peer marketplace for excess computing power.
Users can rent out their hardware in exchange for compensation in Golem tokens (GLM). Those that require resources to complete intensive tasks, like CGI rendering, can pay for this excess capacity through a decentralized marketplace. Golem aggregates multiple resources when completing compute tasks enabling almost anyone, from a single PC to a full data center, to contribute to the network.
Golem Factory was founded in Switzerland in 2016 by Julian Zawistowski and Andrzej Regulski. Golem released the Brass Golem implementation in April 2018, allowing Providers to earn GLM by contributing computer power and requestors to spend GLM on available compute power. The first target use case is for CGI rendering, allowing requestors to distribute processing of any Blender or LuxRenderer scene over the Golem Network.
Golem Price Prediction
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
GLM Price Prediction For The Next 90 Days
Below is a tabular overview of how will GLM develop in the short-term (for the next 90 days), according to our prediction model:
Essential tools you need to succeed in crypto
Wallets
Hardware wallets are the safest! Pick one of the three:
✔️Ledger Nano X
✔️Trezor
✔️CoolWallet Pro.
Tax Calculators
Don’t get in trouble with the government let these magic tools do all the heavy-lifting when it comes to your crypto taxes:
✔️Koinly
✔️Cointracking
✔️ZenLedger.
Trading Tools
A good charting tool is a must if you want to try yourself out as a day-trader. ✔️Tradingview is best known but
✔️Bitsgap
✔️Coinrule
✔️Cryptohopper
are also excellent plus they allow automated trading.
Golem Price Prediction 2023
High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of the last months of 2022 and 2023:
GLM Price Prediction 2025
Our prediction model sees GLM reaching $ 0.3908 in 2025.
What will GLM be worth in 5 years?
The price of GLM in 5 years could lie around $ 0.3849, according to CaptainAltcoin’s prediction model.
Golem Price Prediction 2030 – 2040
What Golem will be worth in 2030?
Our forecasting model sees Golem reaching $0.9769 in 2030.
What Golem will be worth in 2040?
Our forecasting model sees Golem reaching $1.95 in 2040.
Will Golem replace / surpass / overtake Bitcoin?
No, Golem will not replace or overtake BTC.
Can Golem reach $1?
Yes, Golem could reach $1 by the end of 2025.
Can Golem reach $10?
No, our prediction model sees no possibility for Golem to reach $10 in the short or mid-term period.
Is Golem worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Golem is worth buying.
Is Golem a good investment?
Golem is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Golem be worth?
For the short-term future, it could reach $0.1258. In the long-term (8-10 years), it could jump to $0.9769 or even higher.
Why will Golem succeed and go up in price?
Golem has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Golem rising up to $0.9769 in 2030.
Why will Golem fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Golem go?
Our forecasting model sees Golem price exploding and reaching $1.95 in a distant future.
What is the short-term prediction for Golem?
Golem will reach $0.1258 in the next 90 days, which is a 38.2% change over the current price which hovers around $0.2035.
Can Golem make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Golem millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Golem could make you a millionaire.
Golem Price Prediction Today - What will be the price of Golem tomorrow?
Golem will hover around $0.2022 tomorrow.
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”
Golem Network Coin (GNT) Future Outlook
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will GNT be among those 5%?
History has shown that truly innovative technology always takes longer to develop, costs more to fund, and is frequently doubted before officially coming to market. Despite Golem having been around for quite some time (~2.5 years, or 250 years in crypto-years), the innovative efforts and challenges Golem is taking head on are easily some of the biggest in the crypto world. Patience is a virtue…
However, before we can expect Golem to see large adoption, it’s fair to say the broader crypto world will need to see some adoption of its own. It’ll take time, an effective marketing campaign, greater awareness, further development, and meaningful partnerships to exist before one can expect a ramp in adoption.
This makes Golem one of the most intriguing projects to have in your portfolio – the upside is huge but the risk is even bigger. Investment in Golem makes sense only on a very long time scale and proper expectation management – it could easily end ingloriously.
Read also:
- Bitcoin Cash Price Prediction | BCH Price Forecast
- Litecoin Price Prediction | LTC Price Forecast
- Tron Price Prediction | TRX Price Forecast
- Verge Price Prediction | XVG Price Forecast
- Eos Price Prediction | EOS Price Forecast
- Iota Price Prediction | MIOTA Price Forecast
- ChainLink Price Prediction | LINK Price Forecast
- Dash Price Prediction | DASH Price Forecast
- Bytecoin Price Prediction | BCN Price Forecast
- Fetch.ai Review & Price Prediction | FET Price Forecast
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
