There are several important things to keep in mind when you choose to invest in any cryptocurrency. First, you need to seek longevity. What does that mean? Well, it is wiser to choose a currency that is a good choice for a long-term investment. Choose service that has more chances of being used in a couple of years from now. It is essential to find a cryptocurrency which is focused on users, not just product itself. There are over 700 currencies that are useless for the long-term investments, and only 20 or so that are worth investing.
That means you need to look for a platform, and not a one-time service. In order to become successful, cryptocurrency must develop a network, create a steady cash-flow, and most importantly, to be frequently transacted.
When it comes to Golem (GNT), Ethereum based computing platform, it certainly has almost all of the characteristics mentioned. Golem showed steady but uprising market value. There haven’t been major crashes which indicate that Golem has a chance of being consistent for a longer period of time.
Golem offers many useful services to the clients from rendering a video, to more complex graphic tasks. That is essential since it is important for a platform to be useful. Golem is focused on users, and not the product itself. These are all indicators of a good long-term investment. But, when it comes to Golem, someone who tends to invest must wait. If you’re in for the quick cash, you should definitely focus on something else.
It is obvious, by now, that Golem is a good project for investment. Is it too late? No, it’s far from late, Golem has a good team behind to project, and the market cap keeps growing. Now is the time to invest in GNT, second best time to invest was yesterday.
Of course, please do your own research before investing in coins. Do not rely strictly on things that you read online.