Golem (GNT) is up 35% over the last 24 hours, as other major cryptocurrency prices have rebounded from steep falls earlier in the week.
Today’s surge puts Golem at AU$0.61, up $from AU$0.44 just 24 hours ago.
What is Golem?
Golem is an Ethereum-based cryptocurrency that is creating a decentralised peer-to-peer data storage system. Though the recent rise might have more to do with an announcement that Golem will AirDrop free tokens of a new ICO (Initial Coin Offering — the crypto equivalent of an Initial Public Offering) called OmiseGo.
OmiseGo are set to give away 5% of their total tokens as part of an ICO PR stunt to all users who have more than 0.1 Ethereum (ETH). As an Ethereum based crypto Golem has promised to re-airdrop this to holders of Golem (GNT).
The total market capitalization of the global cryptocurrency market hit US$158 billion today and has rebounded from this week’s lows of US$134 billion.
Below is a recap of the top cryptocurrency prices at 12noon AEST…
Litecoin: $95.26, +0.36%
Bitcoin: AU$5,625, -0.79%
Ethereum: $401.92, -3.35%
Ripple: $0.27, -0.610%
Bitcoin Cash: $759.32, +7.89%
Dash: $418.26, -1.52%
To learn more about the secret world of cryptocurrencies check out this free report.
Editor, Money Morning