Reddit Co-Founder Alexis Ohanian's Tweet Pushes Golem Valuation Above $500 Million


A short tweet by Reddit co-founder and CEO Alexis Ohanian, sent the price of the Golem Network Token (GNT) to its highest level in two weeks on Tuesday, “Getting more and more intrigued by @golemproject,“ tweeted Ohanian to his 146k followers.

At press time, GNT is up close to 20 percent on the day at 0.000228 ($0.60). GNT’s exchange rate against bitcoin has been oscillating in a tight range since the end of May, hovering between 0.000176 and 0.00021:


And inflows into GNT have remained fairly balanced since the start of June, as investors eagerly await the release of Brass Golem, which allows CG artists to quickly render their works by renting out computing power from resource providers on the Golem network.

But Ohanian's "vote of confidence" in the Golem project, which has the potential to revolutionize the entire distributing computing industry with its P2P marketplace for computing power, was a sufficient catalyst to vault the price of GNT above 60 cents.

Cryptocurrency data portal CoinMarketCap.com shows that the market capitalization of GNT rose to a new record high of $516.8 million as a result of Ohanian's endorsement:






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