Golem (GNT) has again appeared on the radar after a long time. The reason this time is the recent Coinbase Pro list which caused a new wave of interest in cryptocurrency. Golem (GNT) is undoubtedly one of the most promising projects in the blockchain space. The team behind this wonderful project has achieved so much success even during the bear market. Instead of complaining about the lack of funds or other impacts of the recent market crash, Team Golem (GNT) has focused on the hard work to deliver a functioning product to the market and position Golem (GNT) as a leader in the shared calculation. The team behind Golem (GNT) has done a great job of making it easy for anyone with a computer to share their computing power with others.
Transactions on the Golem Network are done in GNT, which naturally increases the Golem Network Tokens (GNT) demand over time. Since there is a limited number of GNT coins, with an increase in demand, the price per currency will also increase. This makes Golem (GNT) one of the few utility chips with a valid economic model. Most of the utility tokens we see on the market have token economy imperfections. Their goal is only to attract investors with unreasonable promises of free prizes or tokens on a regular basis. When the market takes a worse turn, most of these projects go downhill and investors are left with big losses. For investors seeking to diversify and accumulate some utility tokens given the risks associated with security tokens, GNT / USD has the best risk / return ratio.
Chart for GNT / BTC (1D)
Most of the 2,067 cryptocurrencies currently on the market are scams, death coins or projects built around weak fundamentals. There are also many projects among the first 100 that fit this description. As the cryptocurrency market grows, it will become increasingly difficult to separate the wheat from the chaff. Investing in altcoin is no different than investing in a startup and therefore requires the same level of control, research and due diligence if not more. Fortunately for cryptocurrency investors, this market is more focused on transparency and access. Investors willing to do the extra mile can find all the information they need to track what has been a project and where it's headed.
The price of Golem (GNT) will probably receive a great boost from the recent Coinbase list, but this list should be considered more as a mark of approval than a gateway for future investments in cryptocurrency. Coinbase follows a very rigorous process when it comes to listing new cryptocurrencies. They are more careful now than ever because they have a huge following and a reputation as an industry leader to maintain. Everything that ends up on Coinbase ends up on the radar of institutional investors who are just getting ready to put their money in this market. As overcoin continues to outperform Bitcoin (BTC) in terms of earnings, most of these institutions will begin to look beyond the Bitcoin (BTC) to invest in other promising blockchain projects. When they do, they will see Golem (GNT) as one of those projects.