Golem (GNT) is one of the few tokens not sliding in the past day, and instead adding around 7% to its price, at one point vaulting $0.80. GNT is now seeing record volumes as Bithumb trading starts to pick up.
At the moment, more than 40% of GNT volumes are concentrated on Bithumb, another 20% see activity on Upbit where the price is at a premium at $0.81.
!Golem!
Now, the Golem project is also gaining momentum, after the token was relatively depressed for months, sliding as low as $0.18. The Golem team is preparing to meet the community in an upcoming New York event:
https://twitter.com/golemproject/status/993233574504484864
And while the project is getting more famous, this has also resulted in scammers targeting the community. Recently, a Telegram bot has been making the rounds, possibly attempting a scam by offering airdrops:
https://twitter.com/golemproject/status/992799589328670721
The Golem network for distributed computing has been live for a while, and growing gradually. The project aims to give distributed processing power, mostly used for video or image rendering techniques. The power of the network would depend on the participants. The launch of the GNT network comes roughly two years after the ICO, showing that even projects with a solid idea sometimes take time to come up with a product.
But for the moment, GNT remains a speculative asset, rising on the new interest of Korean investors. It is unknown if GNT revisits the peak BTC prices achieved during the summer rally of 2017, but GNT is still gaining some ground against the leading digital asset. Yet the new game for GNT would be the dollar equivalent of Korean Won prices, which would de-couple GNT somewhat from Bitcoin-related risks.
This article appeared first on Cryptovest
