The project behind Golem has very good fundamentals with its decentralized marketplace for computing power, and the coin has a small but sustainable market capitalization of $50 million-plus. So, I think that GNT will do fine in the near future, but no one should expect any fireworks from this coin. It has been tailored for one cryptocurrency exchange - CoinEX - that puts up good volumes, but otherwise, Golem is meant for the "buy & hold" strategy. It will show good gains at some point in the future, though this future might be quite distant.
I check in now and again to see how the GNT community is holding up. It seems like a ghost town to be honest. I don’t see the enthusiasm that everyone shared in early 2017 when GNT was first being talked about. It’s an interesting concept but I wonder if the bear market did permanent damage to how everyone in the crypto community views GNT and its team members. I mean who really believes that GNT will have the upper hand against Amazon in the next ten years? Amazon is just getting started with its cloud computing services, and it’s even entered the fray of blockchain, so I doubt we’ll ever see GNT as a actual competitor to Amazon. The best we can hope for is a partnership.
Golem is still going to change the world- just not in the short time everyone thought in 2017. It was really naive for people to think that a cloud computing project was going to compete with AWS right off the bat. AWS has unlimited funding and backing, and GNT is basically a homemade decentralized system. Although GNT has more potential than AWS, they aren't even close to the level of competitiveness. It's obvious that Golem isn't meant to try and beat Amazon right now. Let this project grow and you'll be surprised by what it can do in the next few years. Yes, the next few years are looking very bright for crypto indeed.
Is Golem even still active? I know it's not a scam since it was one of the first ethereum projects, but they just haven't come close to actually implementing their network. Orginally they said they were a serious competitor to AWS, but at the moment this sounds like a statement to suck people into their ICO. It's a shame that the majority of crypto coins promised results, which they've failed miserably to provide. It's be interesting to see if they every make good on their promise, and if they do then i'll be the first to eat my hat.
I remember watching Golem when they were barely releasing their Clay milestone. Golem promised to change the world and they fell far short. This project ranks up there with OMG project in terms of let-down factor. The idea of a decentralized cloud computer is more then just appealing- it's necessary. The issue here is that it won't be with Golem. It's more the likely going to come from Sia Coin.
This is a really awesome project. The most important thing is not scam, I'm 99% sure of that, which is important recently. I think in the future this project will surprise everyone
The immense pressure exerted by the government officials from both sides of the Atlantic seems to have taken a toll on the Libra Association, which saw several...
It’s not a secret that scam projects and the so-called dead coins are present in the crypto industry in vast numbers. The study carried out by several crypto analytical outlets, revealed truly stunning...
At the time when most ICOs are considered to be scams, Telegram stood as a project that held the trust of investors around the world. The project was just...
Steem is a blockchain solution that enables users and content creators to earn the project’s proprietary cryptocurrencies - Steem (STEEM) or Steem Dollars - by engaging...
At the moment, it seems that the cryptocurrency market is going through a period of stagnation, which replaced the summer euphoria caused by Bitcoin and altcoins having the most prolonged...
In 2019, cryptocurrencies can be called the most popular financial instrument. High volatility of tokens creates a good potential for obtaining...
Golem enables users and applications (requestors) to rent out cycles of other users’ (providers) machines. Any user ranging from a single PC owner to a large data center can share resources through Golem and get paid in GNT (Golem Network Tokens) by requestors. Golem utilizes an Ethereum-base...