Many cryptocurrency have seen their prices drop in the last 24 hours. Bitcoin has fallen 1.65% in 24 hours. Even though the seven-day gains are a mere 3.23%, it is still not good news.
Ethereum hasn’t fared well, either. In the 1-hour chart, it shows 0.99% decline and 24 hour levels show a fall of 1.76 percent. The price of ETH has fallen 7.02% over the past 7 days, which is not surprising, given all the hype surrounding the Merge.
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Tether USDT is all-red in one hour, 24 hours and seven days. Other altcoins availableAlso in red are USDC and BNB as well as XRP, ADA and SOL. Dogecoin is also included.
However, Golem GLM is proving to be a resilient organization despite these current woes.
Golem GLM leads in 24 hours Prices gains
Golem’s price has been rising in the last few days. GLM currently stands at $0.3583. This is a 14.76% price increase in just 24 hours. Its movement is being monitored on Trading chartToday is September 15. The coin has been rising steadily ever since the opening of the market.
Golem GLM’s 7-day price increase is not only encouraging investors, but it also adds more to its 24-hour price growth. This cryptocurrency has seen a more than 20% rise in its price over the past week. This is a higher growth rate than other altcoins such as Ravencoin. This coin has also experienced a significant 7-day price increase, but it is red both for 1-hour growth and 24-hour growth. Source: GLMUSD price chart from TradingView.com
Golems are getting more expensive.
Between September 12th and 13th, the Golem prices climbed higher. This resulted in a 55% price rise within 24 hours. Before struggling between $0.276- $0.281, the coin spiked to $0.4054 and sent the market into an unprecedented buying frenzy.
On September 14, the price dropped to $0.345. GLM has been adding to its trading volume since September 15th. There’s hope the crypto might reach September 12 and 13 levels again.
Market watchers have been wondering about possible causes for this rapid growth. Recent spikes in Golem could be due to new hires. Its. TwitterSeptember 6th, message: Network is expanding its staff with new developers
New hires could earn as much as $3K-10K monthly and have other valuable life-changing experiences. Mattias Nystrom was the community leader and stated that developers can choose any currency for payments.
Do Investors Need to Be Bullish?
This announcement might have caught investors’ interest in adding funds to a rapidly expanding network. Analysts recommend waiting to be bullish about crypto. The next level of support for GLM at $0.3275 is a 78.6% Fibonacci Retracement Level.
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At $0.3746, resistance lies at $0.4079. If the price of the coin rises above this level, investors may be able to buy the coins up until $0.4413 or $0.4820.
Featured image by Pixabay, chart from TradingView.com