Topic: GNT overvalued? (Read 690 times)
It definitely is. The concept is cool but the real players are doing it better, faster, bigger (Silicon Valley).
If 99% percent of tokens are held by speculators and only 1% is actually used this will make golem an overvalued coin when the time comes where only good coins can preserve their value.
Until then fundamental value is more based on news and ongoing development. Thus, in the short term it could even be undervalued with the next pump coming with "brass".
So longterm valuation: How much golems are actually used to buy time on the network?
Shortterm valuation: is brass good enough for a pump?
Until then fundamental value is more based on news and ongoing development. Thus, in the short term it could even be undervalued with the next pump coming with "brass".
So longterm valuation: How much golems are actually used to buy time on the network?
Shortterm valuation: is brass good enough for a pump?
no one else thinks this coin is overvalued?
With release of brass, it will only rise in value. Better to get some for short position, might give good returns.
Value of this or any other coin is only what people are willing to pay. No traditional valuation
metrics easily apply to cryptos. Hard to tell what coin is overvalued or undervalued. It will trend up
or down with the overall crypto market for now.
metrics easily apply to cryptos. Hard to tell what coin is overvalued or undervalued. It will trend up
or down with the overall crypto market for now.
no one else thinks this coin is overvalued?
You use the token to buy time on the golem network, the more people who use it the more it will be worth. There are a few projects doing what golem does and more everyday it seems, but golem is furthest along, but also it seems the demand for cloud computing will be big enough to use all these projects, not just one will take it all.
Yes, it's an amazing project, the idea of a suppercomputer is unique. But it's just an ETH token anyway, there are hundreds of projects like this nowaday, why does GNT deserve top 20 on coinmarketcap.com, and many guys are buying it?
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