Gate News Bot Message, November 11th, according to CoinMarketCap data, as of press time, GLM (Golem) is trading at $0.24, up 13.76% in the past 24 hours, with a high of $0.25 and a low of $0.17. The 24-hour trading volume reached $37.4 million. The current market capitalization is approximately $245 million, an increase of nearly $29.6 million from yesterday.
Recent important news about GLM:
1️⃣ Golem Network Upgrade Drives Price Increase
The Golem network recently underwent a significant technical upgrade, optimizing its decentralized computing capabilities and resource allocation mechanisms. This upgrade has notably improved network performance, attracting more developers and users, and is one of the main factors driving the GLM price upward.
2️⃣ Expansion of New Application Scenarios
Several innovative applications have emerged within the Golem ecosystem recently, covering high-demand fields such as artificial intelligence training and scientific computing. The deployment of these applications and user growth have directly boosted the demand for GLM tokens, providing strong support for its price.
3️⃣ Market Sentiment Turns Positive
As the overall cryptocurrency market improves, investor interest in projects with practical application value increases. Golem, as a pioneer in decentralized computing, with its unique positioning and technological advantages, has gained more attention, making GLM one of the favored assets in the market.
From a technical perspective, GLM has broken through multiple key moving averages, showing a strong upward trend. However, given the significant gains in the short term, investors should remain cautious of potential pullback risks.
This message is not investment advice; please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Price predictions for top Layer 2s: Mantle, Arbitrum, Optimism
Layer 2 networks have become the focus of attention over the past week after Ethereum adjusted its development roadmap to focus on rollups, while also receiving candid remarks from co-founder Vitalik Buterin.
These developments quickly sparked lively debates.
TapChiBitcoin43m ago
Gray Scale Report: Bitcoin Price Trends Are in Sync with Technology Stocks, Not Gold
Grayscale research reports show that Bitcoin prices are highly correlated with tech stocks rather than traditional safe-haven assets like gold. This indicates that investors view Bitcoin as a growth asset aligned with risk appetite, rather than a safe-haven. Although Bitcoin has long-term value storage characteristics, its status as a global monetary asset is still in the early stages.
GateNewsBot1h ago
From Key Support to Breakout Ranges: 4 Crypto Assets Eyeing 30%+ Monthly Growth
HYPE, ZEC, Aster, and ONDO trade near key support levels with compressed volatility.
Each asset shows a defined breakout range that frames potential 30% monthly movement.
Price structures highlight tightening ranges rather than trend continuation patterns.
Several crypto assets ar
CryptoNewsLand1h ago
XRP Today's News: White House legislative negotiations break down, ETF funds become the only lifeline
XRP ends two consecutive days of gains, as the White House crypto legislation meeting on February 10 failed to resolve the deadlock between TradFi and DeFi regarding stablecoin yields. The US banking industry opposes allowing stablecoin rewards, and Bank of America's CEO warns of a $6 trillion deposit outflow. The stalled progress of the Market Structure Act puts pressure on XRP, with bulls holding the critical $1.4 support level. Despite policy setbacks, XRP spot ETF with zero outflows supports market sentiment.
MarketWhisper1h ago
PaiCoin Weekly Price Prediction: $0.13 Critical Support Level, Major Holders Rush to Exit
Pai Coin has been continuously weak since early January, with strong selling pressure. Buyers are absent, seeking a bottom, with support at $0.13 and resistance at $0.15. Large holders are rushing to exit. The RSI has been oversold below 30 since January 20, indicating significant selling pressure with no rebound room, and it is expected to continue declining.
MarketWhisper1h ago
How Music NFTs Reconstruct "Play Counts" into an "Asset Balance Sheet"
On March 15, 2024, independent musician Alicia Chen made a decision that would revolutionize her career. She did not hand her new album over to a record label nor upload it to streaming platforms. Instead, she packaged all 10 songs into a single NFT collection and sold each copy on the blockchain for 0.1 Ethereum. Within 48 hours, all 1,000 NFTs were sold out, earning her approximately $320,000—an amount that is 20 times the total earnings she had accumulated from Spotify streams over the past decade.
Behind this silent financial revolution is a paradigm shift reshaping the global music industry. While traditional streaming platforms still defend the revenue model of $3-4 per thousand plays, a quiet transformation is underway—shifting music from an "infinitely reproducible digital stream" to a "scarce asset that can be owned." Music NFTs are rewriting the industry's value distribution.
TechubNews2h ago
