Markets

Golem (GNT)Tests Above Ichimoku Cloud While The Rest Of Cryptocurrency Market Slides

Golem (GNT)Tests Above Ichimoku Cloud While the Rest of Cryptocurrency Market Slides: Golem coin, not to be confused with the beast of Jewish folklore, was among one of the only cryptocurrencies that continued seeing gains on Wednesday after Tuesday’s bullish market.

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With a market cap of $5.19 million, Golem is ranked 35 of the cryptocurrency list. Also known as the “AirBnB of computing,” Golem is a global, open-source, decentralized supercomputer that can be accessed by anyone. In other words, it provides a market for putting your computer’s excess CPU power to use for other people. That way, you could arguably make money while browsing your computer. Their ecosystem enables users and applications to rent out cycles of other users’ machines. Any user, from a single PC owner to a large data center can share resources through Golem and get paid in Golem Network Tokens, or GNT.

Golem utilizes an Ethereum-based transaction system to settle payments. In fact, Golem CEO, Julian Zawistowski, believes Ethereum is by far the most promising blockchain platform, and that Golem could only be possible thanks to Ethereum. Golem itself is often talked about as one of the most ambitious projects ever built on the Ethereum blockchain.

Its token, GNT, is tradable on popular exchanges such as Poloniex, Bitfinex or Bittrex. Calculated by TradingView charting platform, GNT/USD tested above the daily Ichimoku cloud on Wednesday as it approached the $0.65 level. If a break is confirmed, we could see further gains towards the 50% Fibonacci retracement level of $0.77 in June.

This article was originally published on InvestDiva.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Kiana Danial

Kiana Danial is an award-winning, internationally recognized personal investing and wealth management expert. She is a highly sought-after professional speaker, author and executive coach who delivers inspirational workshops and seminars to corporations, universities and entrepreneurial groups. She is a frequent expert on many TV and radio stations and has reported on the financial markets directly from the floor of NYSE and Nasdaq. She is a weekly investment expert guest on Tokyo’s #1 Investment TV Show. She has been featured in The Wall Street Journal, TIME Magazine, CNN, Forbes, The Street, and numerous other publications. Kiana’s book "Invest Diva's Guide to Making Money in Forex" was picked by McGraw-Hill only two years after she first moved to the US, and was an immediate domestic and international success. At a young age, she has won numerous awards including Best Financial Education Provider at Shanghai Forex Expo in 2014, New York Business Women of Influence Honoree in 2015, and Pro Bono Humanitarian Award by IA Bar Association in 2013. Born and raised in Iran to a Jewish family as a religious minority, she was awarded a scholarship from the Japanese government to study Electrical Engineering in Japan, where she obtained two degrees in Electrical Engineering and researched on Quantum Physics in classes conducted in the Japanese language. Being the only girl and foreigner in her classes made her decide to dedicate her life to empowering minorities, especially women in male dominated industries. As the CEO of Invest Diva, Kiana’s goal is to empower and educate women to grow their wealth by investing like a ROCK STAR.

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