With the explosive growth of the AI industry, an unexpected coin is being spotlighted again. It's Golem (GLM). It used to be one of the 'forgotten coins', but with the recent surge in cloud computing demand and the issue of GPU resource shortages, it is gaining attention in the market once more. Today, we will examine what kind of project Golem (GLM) is and whether now could be the investment timing through technical analysis and on-chain data.
Golem is a decentralized platform that connects idle computer resources around the world to form a single distributed supercomputer. In simple terms, it is a system where you can lend out excess CPU or GPU and earn money, while users who need computational resources can rent them at a low cost.
This project emerged during the ICO boom in 2016 and was the first Ethereum-based dApp to gain attention. It was spearheaded by Golem Factory in Warsaw, Poland, and has a clear purpose of 'providing decentralized computational resources needed for AI processing'.
Recently, with the explosion of the AI industry, the demand for high-performance GPU resources has increased exponentially. However, the supply capacity of hardware companies like NVIDIA and AMD is clearly limited, and prices are on a sharp upward trend.
In this situation, the question 'What GPU resources are available right now?' has led Golem to emerge as an alternative. In fact, the number of Golem nodes has increased over the past few months, and requests for platform usage are also surging.
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 also significant, and the divergence with the signal is also widening. This indicates a strong influx of buying pressure, suggesting that entry into a short-term overbought zone is imminent.
Additionally, the MACD indicator is forming a golden cross pattern, successfully transitioning to bullish candles for six consecutive days. This is a signal that there is a high possibility of a mid-term trend reversal, and indeed, trading volume and candle flow support this.
In other words, GLM is currently in a very strong rebound flow technically, and it can be seen that it has sufficient short-term upward momentum.
Looking at the asset distribution on the blockchain, 57.86% of GLM's circulating supply is concentrated in wallets holding more than 1%, while 29.42% is distributed in the 0.01-1% range. This signifies a 'healthy distribution structure' that is not overly concentrated in a few wallets.
The proportion of assets deposited in CEX (centralized exchanges) 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 74, and the number of new addresses is 15, which is low compared to the average of the last three months. This indicates that the on-chain real-use demand is stagnant, showing some discrepancy with short-term price increases.
Golem (GLM) has experienced a long period of quiet stagnation, but the recent surge in AI demand is bringing this project back into the spotlight. Clear upward trends are confirmed in technical indicators, and it is maintaining a healthy state in terms of distribution structure and exchange liquidity.
However, the stagnant activity confirmed by on-chain data can act as a cautionary element, so it is advisable to approach with a medium-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 according to technical flow' strategy rather than realizing profits.
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