Golem Network Tokens
Last modified on 11. October 2020
Quick Facts
The user known as AhmedAshraf introduced Golem on 19 October 2016 at bitcointalk.org. coinmarketcap.com subsequently started the tracking of real-time trading data in December 2016.
Quarterly Averages
This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.
Trading Volume & Market Capitalization
For example, the average trading volume of Golem during the first trimester of 2019 was over US$ 2.3 m per day. This figure came to over US$ 13.5 m during the same time frame the year before. The corresponding drop down in trading volume equated to 82.7 percent.
The average market capitalization during the first trimester of 2019 was over US$ 65 m. In the same period of 2018, this figure came to over US$ 408 m. Market capitalization dropped down accordingly by 84 percent.
Trading Price
The average trading price during the first trimester of 2019 equated to US$ 0.070026. This figure came to just above US$ 0.53 during the same period of 2018. The price dropped accordingly by 86.8 percent.
The all-time high of Golem in 2018
The price of the Golem currency climbed to a peak in January 2018 at US$ 1.25. At this trading price, the token reached a market capitalization of just above US$ 908 million. This put Golem in the ballpark of certain other digital currencies, such as DigiByte, Augur, Dragonchain, Komodo and 0x, among others.
Golems all-time high compared to Bitcoin and the most renowned companies worldwide
Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 255 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 887 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 108 billion.
- Golem (GNT): 0.908 bn US dollars
- Bitcoin (BTC): 255 bn US dollars
- Apple (AAPL): 887 bn US dollars
- VW (VWAGY): 108 bn US dollars
- Date: 8 January 2018
March 2019: an interesting date following the big cryptocurrency crash
On 1 March 2019, the price of Golem stood at US$ 0.067677 with a market capitalization of over US$ 64 million. In comparison with the highest trading price described above, this represents a retracement down to approximately 5.4 percent.
Around that time, Ethereum dropped to about 9.7 and Bitcoin to approximately 19.5 percent of their all-time-high trading prices.
More Details
The Golem-Token is not a native cryptocurrency and is not created by mining. It has no maximum number of tokens, unlike Basic Attention Token, for example. If you are interested in the source code, be sure to also visit the GitHub page.
Current Golem transactions can be tracked using this block explorer, which also displays block height and other recently updated statistics.
To delve deeper into the world of Golem, download the white paper or find more links to community forums, source code and social media channels, visit golem.network.
Markets
EUR
One trading platform for buying or selling Golem in EUR is Bitvavo.
USD
Two large markets for buying or selling Golem in USD are Coinbase Pro and Bitfinex. Additional trading platforms for buying or selling Golem in USD are ZB.COM, HitBTC and OKEx, among others.
BTC
Two large markets for buying or selling Golem in BTC are Binance and Bitfinex. Additional trading platforms for buying or selling Golem in BTC are VCC Exchange, HitBTC and OKEx, among others.
Social Links
You can get in touch with the Golem team directly by going to the following social media channels:
1. This figure changes to 0.0657 percent when taking Bitcoin out of the equation.