With the explosive growth of the AI industry, an unexpected coin is being reevaluated. That is Golem (GLM). It was once one of the 'forgotten coins,' but recent surges in cloud computing demand and GPU resource shortages have brought it back into the spotlight. Today, we will look at what kind of project Golem (GLM) is and whether now could be a good time to invest, through technical analysis and on-chain data.
Golem is a decentralized platform that connects idle computer resources worldwide to form a distributed supercomputer. In simple terms, it is a system that allows you to rent out excess CPU or GPU resources and earn money, while users in need of computing resources can rent them at a lower cost.
This project emerged during the ICO boom of 2016 and was the first to gain attention among Ethereum-based dApps. It was developed by Golem Factory in Warsaw, Poland, and has a clear purpose of supplying decentralized computing resources needed for AI processing.
Recently, as the AI industry has exploded, the demand for high-performance GPU resources has increased exponentially. However, hardware companies like NVIDIA and AMD have clear limitations on supply, and prices are rising sharply.
In this situation, the question “What GPU resources can I use right now?” has propelled Golem as an alternative. In fact, the number of Golem nodes has been increasing over the last few months, and requests for platform usage have surged.
As of July 4, 2025, GLM's RSI is 53.23, breaking through the neutral zone and showing a strong upward trend. The increase compared to the previous day is significant, and the divergence with the signal is also widening. This indicates a strong inflow of buying pressure and suggests that an entry into the short-term overbought zone is imminent.
Additionally, the MACD indicator has formed a golden cross pattern, successfully transitioning to bullish candles for six consecutive days. This signals a high possibility of a medium-term trend reversal, and actually, the trading volume and candle patterns support this.
In other words, GLM currently finds itself in a technically very strong rebound trend and can be seen as having sufficient short-term upward momentum.
Looking at the asset distribution on the blockchain, 57.86% of GLM's circulation is concentrated in wallets that hold more than 1%, while 29.42% is distributed in the 0.01-1% range. This indicates a 'healthy distribution structure' that is not overly concentrated in a few wallets.
The ratio deposited in CEX (Centralized Exchange) is 8.27%, showing a stable flow in terms of liquidity. This means that there is sufficient volume available for trading in the market.
However, the number of active addresses is at 74, and the number of new addresses is at 15, which is low compared to the average of the last three months. This indicates that on-chain real usage demand is stagnant, which somewhat diverges from the recent short-term price increases.
Golem (GLM) has experienced a long period of stagnation, but the recent surge in AI demand has brought this project back into the limelight. Technical indicators clearly show an upward trend, and it maintains a healthy state in terms of distribution structure and exchange liquidity.
However, the stagnant activity confirmed in on-chain data could act as a cautionary element, so it is advisable to approach it with a medium to long-term investment perspective rather than expecting a short-term surge.
If you are considering a position in GLM right now, you might want to consider a 'buying at the low points according to technical trends' strategy rather than profit-taking.
On Binance, a global exchange where various coins including GLM can be traded, you can receive a 20% discount on fees by signing up through the referral link now. Both new members and existing subscribers can benefit if they meet the conditions below.
🔸Go to receive the 20% discount benefit on Binance fees
Moreover, both new members and existing subscribers can receive a 20% discount on fees if they meet five conditions.
I am already registered on Binance.
The invited person has not previously accepted an invitation.
The invited person's account has not traded or utilized products on the Binance platform in the last 180 days.
When the eligible inviter opens the link and logs in, a confirmation window will appear.
When the inviter clicks [Bind Now], the binding becomes effective.