About GLM, Can it reach to ATH price $1.2535 this time.
Golem (GLM) is the native utility token of the Golem Network, a decentralized platform that enables users to rent out their idle computing resources to others requiring computational power. Operating as an ERC-20 token on the Ethereum blockchain, GLM facilitates transactions within this ecosystem.
The Golem Network allows requestors to pay providers in GLM for utilizing their computing power. Developers can also earn GLM by contributing software to the network. This system supports various applications, including tasks like 3D rendering, machine learning, and scientific computations.
As of January 2024, the total supply of GLM is capped at 1 billion tokens, with the entire supply in circulation. The tokenomics are designed to ensure scarcity and potential value appreciation over time.
Regarding price predictions, forecasts vary:
Bitnation anticipates that GLM could reach a maximum price of approximately $0.63 by the end of 2024, with potential growth to around $2.75 by 2030.
FXcrypto News offers a more optimistic outlook, predicting that GLM could attain a maximum price of $5 in 2024, $10 by 2025, and up to $50 by 2030.
CryptoPredictions.com estimates that GLM might reach approximately $0.59 by December 2025.
It's important to note that cryptocurrency markets are highly volatile, and such predictions should be approached with caution. Investors should conduct thorough research and consider market trends, technological developments, and broader economic factors before making investment decisions.