Golem (GLM) Trading 3% Lower This Week

Golem (GLM) traded up 2.2% against the dollar during the one day period ending at 12:00 PM ET on February 1st. Golem has a market capitalization of $210.05 million and approximately $11.98 million worth of Golem was traded on exchanges in the last 24 hours. One Golem token can currently be bought for $0.21 or 0.00000271 BTC on major exchanges. Over the last week, Golem has traded down 3% against the dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 10.5% against the dollar and now trades at $78,474.12 or 0.99372946 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 2.6% lower against the dollar and now trades at $77,318.30 or 0.99827034 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Golem Profile

Golem’s genesis date was November 11th, 2016. Golem’s total supply is 1,000,000,000 tokens. Golem’s official website is golem.network. Golem’s official message board is blog.golemproject.net. Golem’s official Twitter account is @golemproject and its Facebook page is accessible here. The Reddit community for Golem is https://reddit.com/r/golemproject and the currency’s Github account can be viewed here.

According to CryptoCompare, “The Golem Network is a decentralized computation network. Using Golem users can buy or sell computational power from other users in a peer to peer environment. Golem is built using Ethereum smart contracts as a transaction system for nano-payments within the network. Golem Network Tokens (GNT) will serve as a secure medium for all transactions within the Golem Network.Starting 19 NOV 2020, Golem Network Token is migrating towards an ERC20 token, mainly because New Golem’s transaction framework is built on Ethereum’s Layer 2, and this scaling method requires tokens to be ERC-20.Migrate your GNT to the new, ERC-20 GLM token -“

Buying and Selling Golem

It is usually not presently possible to buy alternative cryptocurrencies such as Golem directly using US dollars. Investors seeking to acquire Golem should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Golem using one of the aforementioned exchanges.

GLM/USD price chart by TradingView