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Golem

Cosmos

<p>Golem Network’s native token, GLM, exploded over 45% higher to reach a 24-hour low of $0.2357 to $0.33 at press time.</p>
<p>The extreme one-day surge comes as a perfect storm of bullish crypto market tailwinds, big product upgrades, and strained technical indicators pave the way for additional near-term upside.</p>
<h2 class="wp-block-heading" id="strong-go-js-2-0-launch-powers-breakout-strong"><strong>Go-JS 2.0 Launch Powers Breakout</strong></h2>
<p>Much of the excitement centered around Golem’s <a href="https://twitter.com/golemproject/status/1757745285394997367" target="_blank" rel="noopener noreferrer nofollow">announcement</a> of golem-js version 2.0. Packed with new features, enhancements, and bug fixes, the release represents a major step forward for integration and real-world usage of the distributed computing network.</p>
<p>Specific upgrades like custom environment support, batch tasks, and billing/pricing functions dramatically widen golem-js’s applicability for developers building web3 apps. With the product now significantly more production-ready, user activity and token demand stand to benefit accordingly.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="371" src="https://captainaltcoin.com/wp-content/uploads/2024/02/GLMUSDT_2024-02-20_16-36-14-1024x371.png" alt="" class="wp-image-440990" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/GLMUSDT_2024-02-20_16-36-14-1024x371.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/GLMUSDT_2024-02-20_16-36-14-300x109.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/GLMUSDT_2024-02-20_16-36-14-765x277.png 765w, https://captainaltcoin.com/wp-content/uploads/2024/02/GLMUSDT_2024-02-20_16-36-14-1536x556.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/GLMUSDT_2024-02-20_16-36-14-2048x741.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/GLMUSDT_2024-02-20_16-36-14-415x150.png 415w, https://captainaltcoin.com/wp-content/uploads/2024/02/GLMUSDT_2024-02-20_16-36-14-100x36.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/GLMUSDT_2024-02-20_16-36-14-967x350.png 967w, https://captainaltcoin.com/wp-content/uploads/2024/02/GLMUSDT_2024-02-20_16-36-14-788x285.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/GLMUSDT_2024-02-20_16-36-14.png 1810w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The ability to capitalize on emerging tech trends like <a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="AI" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">AI</a> and ML computing also improves at a pivotal moment for cloud services. As crypto sentiment shows early signs of rotating back toward high-functioning yet undiscovered layer 1, the timing proved perfect.</p>
<p>Technically, the swift move also propelled Golem’s daily RSI reading to 91, indicating textbook conditions of overbought conditions.</p>
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<h2 class="wp-block-heading" id="glm-could-hit-1">GLM could hit $1</h2>
<p>Per swing trader <a href="https://twitter.com/decilizer/status/1759876797951275206" target="_blank" rel="noopener noreferrer nofollow">Decilizer</a>, having confirmed the breakout, GLM now looks poised to make a run toward the psychologically significant $1 mark.&nbsp;GOM currently has a market cap of $342 million and stands as the 76th largest crypto by market cap.</p>
<p>While such exaggerated moves rarely unfold in linear fashion, the sheer velocity of Golem’s surge highlights how swiftly narratives can shift when dormant altcoins reawaken.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="530" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-741-1024x530.png" alt="" class="wp-image-440982" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-741-1024x530.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-741-300x155.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-741-767x397.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-741-1536x795.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-741-2048x1059.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-741-290x150.png 290w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-741-100x52.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-741-677x350.png 677w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-741-788x407.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-741.png 1531w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The coming days may determine whether durable accumulation awaits beyond $0.30 or if the powerful breakout proves fleeting. Yet Golem’s multifaceted fundamental progress provides diamond-hand justification to withstand any residual selling pressure as the last pessimists capitulate.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-golem-glm-price-up-by-45-analyst-expects-further-upside/" rel="noopener noreferrer nofollow">Why is Golem (GLM) Price Up By 45%? Analyst Expects Further Upside</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is Golem (GLM) Price Up By 45%? Analyst Expects Further Upside

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