Golems are virtual currency that have been popular in Asia for a while.
Golems are not issued by any country and can be traded on websites such as GoCoin or Coinmarketcap.
There are some similarities to Bitcoin and Ethereum as they use similar technologies and the value of Golems is dependent on supply and demand.
This makes them highly speculative but it has brought a lot of attention as they are highly sought after for their high value.
The price of Golem has risen steadily over the last few months with the number of Golems being increased.
It is possible that this boom in demand for Golem is also what is driving up its value.
The Golemicurrency price increased by $9,000 after the Chinese government announced that it was banning the sale of Golegum on Alibaba.
According to the news, Alibaba has agreed to pay a penalty of $500 million if Golemballs are used in illegal activity, a move that could lead to an additional $500m in penalties.