Golem Price Prediction: GLM Plunges 11% As Investors Turn To This Innovative ICO For Safer Meme Coin Investing

The Golem price plunged 11% in the last 24 hours to trade at $0.3320 as of 3.50 a.m. EST on trading volume that skyrocketed 416% to $709.83 million.

Golem Price Prediction

The GLM price saw a sharp surge yesterday, pushing its Bollinger bands wide apart. Before the increase, the bands were extremely narrow due to low activity surrounding the token, and as its price started to stabilize after the first rejection, the bands started narrowing again.

However, this was interrupted by the price’s second attempt to breach the level at $0.40, which resulted in it pushing the upper band back up. After the price was rejected and it started spiraling down, it started pushing the lower band, allowing them to remain fairly wide.

The project’s Relative Strength Index (RSI) value also saw interesting performance, initially skyrocketing deeply into the overbought zone, even exceeding the value of 90. After that, it dropped to the neutral zone at the value of 50, only to climb again as traders started buying the dip.

This was at the time of the second attempt to breach the resistance at $0.40, but the RSI did not even reach the overbought zone before it started to drop, alongside the price.

Now, at the time of writing, the RSI is at the border between the neutral and oversold zones, which is where it has been for several hours as the price continues to spiral down. But, there is still a possibility that traders might move in to buy the dip and pump the price and RSI alike, so keep a close eye to GLM’s performance in the near future.

Promising Alternative To Golem

As Golem plunges, some investors are turning to promising alternatives like Meme Index (MEMEX), a project that could change how people invest in meme coins moving forward.

Rather than buying individual meme coins and building your own portfolio, Meme Index lets its community invest in four portfolios, each of which comes with its own risks and potential for gains.

Known as Titan, Moonshot, MidCap, and Frenzy, the four meme coin baskets allow everyone to pick the level of risk they are comfortable with taking.

Investing this way allows you to invest in a diverse meme coin portfolio with a single investment, instead of having to create your own custom portfolio.

Crypto YouTuber ClayBro, who has over 136k subscribers, predicts that MEMEX could be the next 10x crypto.

MEMEX tokens are selling for only $0.0162933 apiece right now. If you would like to join investors who have already pumped $3.73 million into  the project, buy before a price hike in less than 2 days.

Check out MEMEX here.

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