Buying while there is nothing but blood on your screen is a challenge for most investors. But doubling down and buying more in a market that is collapsing can be among the most rewarding strategies to reap substantial profits.
I’m going to share several crypto investments that, in my opinion, have been beaten down more than there fair share of late.
First up is Golem Network Technologies (GNT)
What is Golem? Golem is essentially a supercomputer built on the blockchain. It allows the long-held dream of an individual user to be able to gather up massive amounts of computing power from individuals and organizations all over the world on an automated basis.
It’s extremely powerful, totally decentralized, 100% open sourced, and accessible to anyone, anywhere.
You can put any and all spare computing power on the Golum network and when someone uses it, you get paid. It’s like AirBnB for your laptop!
Golem will be used for things that require massive amounts of computing power, such as:
Medical Research
Video Rendering
Cryptocurrency Mining
Energy Exploration
Massive Multiplayer VR Gaming
GNT is an Ethereum based token that fuels that supercomputer. If you want the computing power, you will need to pay in Golem.
Golem was trading in the 8000’s back in August and is currently sitting at around 3800.
This is a quality project with strong global backing and I believe that GNT will benefit when the tide turns back to altcoins in the post-fork world.
Traders should expect to see a nice bump and long term hodlers may want to keep a small stash around as well. Once the big consultancies and IT shops have figured out a way to profit from Golum based projects some very strong real-world revenues could result.
I’ll be putting out a few more of these this weekend. Very grateful for your reading and support. Please upvote, follow, and resteem.
DISCLAIMER: These are my opinions and not to be construed as investment advice. All investments in crypto carry substantial risk and should only be undertaken with money that you can absolutely afford to lose. Consult your investment adviser and/or significant other before making any investment in anything.