In this guide, we’ll express our and the market’s take on the future GLM as we discuss Golem’s pricing predictions for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Golem.
Now, let’s get into it.
Before we delve into Golem’s price prediction and answer questions about whether GLM is a good investment or not, why GLM will succeed or fail, or why Golem’s price will rise or fall, let’s quickly take a look at what GLM is and its history to date.
Table of Contents:
Golem Intro
Golem is an Ethereum-based project that aims to build a decentralized network that allows users to share and aggregate computing resources to create a global supercomputer.
Golem’s team is creating a network to share resources and hopes to provide software developers with an alternative to traditional centralized cloud service providers such as Amazon, Google, Microsoft and IBM. The network functions as a peer-to-peer marketplace for excess computing power.
Users can rent their hardware in exchange for a fee in Golem tokens (GLM). Those who require resources to complete intensive tasks, such as CGI rendering, can pay for this excess capacity through a decentralized marketplace. Golem aggregates multiple resources when it completes computing tasks, allowing 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 implementation of Brass Golem in April 2018, allowing providers to earn GLM by contributing to computer power and applicants to spend GLM on available computing power. The first target use case is for CGI rendering, allowing requestors to deploy the processing of any Blender or LuxRenderer scene over the Golem network.
You can buy GLM on Cex.io, Coinbase, or Binance. You can store it on the Ledger Nano S, Trezor T or eToro wallet. You can earn passive income by trading it on Cryptohopper or Bitsgap.
Golem Price Forecast
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Golem Price Prediction 2023
High inflation and the extremely dangerous macroeconomic situation have been heavily reflected in the price of Bitcoin in 2022. When we take the internal crypto issues with big players like FTX, Celsius, Voyager, Luna going down, 2023 doesn’t look too good for bulls. We’ll likely see a lot of boring sideways price action with a tendency to slide down with each minor market tremor.
GLM Price Prediction 2025
Our forecast model sees GLM reaching $0.3417 in 2025.
How much will GLM be worth in 5 years?
The price of GLM in 5 years could be around $ 0.3401
Golem Price Prediction 2030 – 2040
How much will the Golem be worth in 2030?
Our forecast model sees Golem reaching $0.8542 in 2030.
How much will Golem be worth in 2040?
Our forecast model sees Golem reaching $1.71 in 2040.
Will Golem replace/surpass/surpass Bitcoin?
No, Golem will not replace or exceed BTC.
Can Golem reach $1?
Yes, Golem could reach $1 by the end of 2025.
Can Golem reach $10?
No, our forecasting model sees no chance for Golem to reach $10 in the short or medium term.
Is it worth buying Golem?
We are supporters of moderately risky investments: invest most of your cryptocurrency portfolio in BTC (50%); 35% in a basket of large-cap coins and the rest in small projects with huge increases. So, against this background, it is worth buying Golem.
Is Golem a good investment?
Golem is, just like all other cryptocurrencies, a risky investment. It is more likely to go up than down because of the good use case, well-designed tokenomics, active community, and a strong team behind it.
How much will Golem be worth?
For the short-term future, it could reach $0.1111. In the long term (8-10 years), it could jump to $0.8542 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’s why our forecast model sees Golem rise to $0.8542 in 2030.
Why will Golem fail and fall in price?
Cryptographic projects fail for various reasons. Some of the most common are: the 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 a well-designed marketing strategy, loss of community support, potential vulnerability in the protocol, failure to achieve the minimum development activity foreseen on the protocol, inability to attract new developers to build on their platform.
How high will Golem go?
Our prediction model sees the price of the Golem explode and reach $1.71 in the distant future.
What is the short-term forecast for Golem?
Golem will reach $0.1111 over the next 90 days, which is a 38.2% change from the current price which hovers around $0.1798.
Can Golem make you a millionaire?
Yes, if you buy a large enough sum. Don’t expect to invest $100 and become a Golem millionaire. But 100x price explosions are a common sight in cryptocurrencies, so a $10k investment in Golem could make you a millionaire.
Golem Price Prediction Today – What Will Golem Price Be Tomorrow?
Golem will hover around $0.1933 tomorrow.
Vitalik Buterin, co-founder of Ethereum said:
“There are some good ideas, there are many very bad ideas, and
there are many very, very bad ideas, and also some scams”
Golem Network Coin (GNT) Future Prospects
As a result, more than 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of the projects will become the new Apple, Google or Alibaba in the cryptocurrency sector. Will GNT be between that 5%?
History has shown that truly innovative technology takes more and more time to develop, costs more to finance and is often questioned before it officially arrives on the market. Despite the fact that Golem has been around for quite some time (~2.5 years, or 250 years in crypto-years), the innovative efforts and challenges that Golem is facing are easily among the biggest in the cryptocurrency world. Patience is a virtue…
However, before we expect Golem to see great adoption, it’s fair to say that the broader cryptocurrency world will need to see its own adoption. It will take time, an effective marketing campaign, increased awareness, further development and meaningful partnerships before a ramp in adoption can be expected.
This makes Golem one of the most intriguing projects to have in your portfolio: the advantage is huge but the risk is even greater. Investing in Golem only makes sense on a very long time scale and proper management of expectations – it could easily end ingloriously.
