Golem (GLM) Hits Market Cap of $555.21 Million

Golem (CURRENCY:GLM) traded up 1.2% against the US dollar during the 1-day period ending at 23:00 PM ET on October 13th. In the last seven days, Golem has traded up 0.6% against the US dollar. One Golem coin can currently be bought for approximately $0.56 or 0.00000954 BTC on cryptocurrency exchanges. Golem has a total market cap of $555.21 million and approximately $11.21 million worth of Golem was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

  • Starname (IOV) traded down 3.9% against the dollar and now trades at $4,099.30 or 0.08159023 BTC.
  • Binance USD (BUSD) traded up 0% against the dollar and now trades at $1.00 or 0.00001718 BTC.
  • Chainlink (LINK) traded 3.7% higher against the dollar and now trades at $25.97 or 0.00044607 BTC.
  • Polygon (MATIC) traded 2.4% higher against the dollar and now trades at $1.32 or 0.00002639 BTC.
  • Polygon (MATIC) traded down 0.8% against the dollar and now trades at $1.25 or 0.00002142 BTC.
  • Axie Infinity (AXS) traded 0.3% lower against the dollar and now trades at $122.67 or 0.00210699 BTC.
  • DREP (DREP) traded down 21% against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded 19.5% lower against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • FTX Token (FTT) traded up 0.8% against the dollar and now trades at $54.22 or 0.00093140 BTC.
  • Dai (DAI) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001719 BTC.

Golem Profile

Golem is a coin. Its genesis date was November 17th, 2016. Golem’s total supply is 1,000,000,000 coins. The Reddit community for Golem is /r/GolemProject and the currency’s Github account can be viewed here. The official website for Golem is golem.network. Golem’s official Twitter account is @golemproject and its Facebook page is accessible here. The official message board for Golem is blog.golemproject.net.

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 – step by step guide and migration options “

Buying and Selling Golem

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

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