Nobody can answer your question because nobody has actually computed anything on the Golem network yet (it's still in early alpha version). Also, due to its auction system, it's very difficult to predict the actual prices. More details here:
https://steemit.com/gridcoin/@cm-steem/why-gridcoin-beats-golem-hands-down-nateonthenet
Thanks.
Based entirely on the little info I had garnered from their web page, Golem was on my short list for crypto to diversify into.
I'll look more closely at gridcoin now.
That's a wise move. Research and protect yourself. Official marketing is seldom a good source of information.
Be careful of people making claims about what Golem can do. Im not saying it cant do things but there seems to be a lot of guessing and people just wish fulfilling. I think the devs are fairly straight, in the interview I saw they were honest that they just dont know how its all going to work yet.
To be honest, the first 2 criteria I use are market cap and current price. From there I start looking at what the coin's actual intended purpose is and try to decide if it's got any chance to do what it's supposed to.
I think that crypto right now, is in a state similar to internet marketing in it's infancy.
There will be a lot of easy money made in the short term, until people figure out how it really works.
Then you're going to need to know your shit.
I get why you would start with market cap and current price - but is it just me that thinks it's a little weird that whether something is actually useful for something is 3rd on the list ?
I agree that actual worth to society/the market being third on the list isn't optimum. But until I reach a point where I can just throw money at it, my cost is a big factor. Buying a "penny" coin has a much better chance of returning on my investment than buying $25 worth of Bitcoin at $2850.
Are you talking about Golem? Because Golem has never been a penny coin, it's not even a coin really (it's an ETH token). It was introduced through an ICO, at a high price and has been pumped a lot higher since then.
March 19, Golem was at $0.0364.
I've been watching things for a while but hadn't actually jumped in until about 2 weeks ago.
I bought Golem for 2 weeks and took some profit but as I don't understand it's actual value to the world I'm out again now. So unless I understand the value all I'm likely to do now is throw some mining profits at it every now and again as a random speculative bet.