Before making investments in the cryptocurrency industry, make sure you have done your research. Cryptocurrencies can be beneficial at times, but they can also be risky. It is crucial to know that before investing, you have decided on the amount that is right for you.
Moonbeam being a new network, things are likely to change in the future. This network is currently showing promising indicators, but it is still too early to tell if it will have a significant influence on the cryptocurrency market.
What is Moonbeam?
Derek Yoo, the founder of Pure Stake, launched the company in early 2019. After a long career as an entrepreneur, which saw some success, Derek saw the potential in the bitcoin field and jumped in with both feet. . He was looking for a way to differentiate himself on the technical side of crypto, and after six to eight months of studying, he discovered Polkadot and the opportunity to build on Ethereum.
Although it has attracted a lot of interest from investors, Moonbeam is a new currency. Although Moonbeam’s price history is quite brief, it is worth reviewing because, although past performance is not a guarantee of future results, it can provide insight into how to make a price prediction for Moon beam. Those who own Moonbeam (GLMR) can access the site’s features and capabilities. In the ecosystem, GLMR is the main utility token.
What is GLMR?
Glimmer, the utility token of the Moonbeam network, is now fully transferable and functional. This is undoubtedly the most important development. In addition to collator staking, the Moonbeam Network gained a few new abilities following this announcement. Giving the Glimmer token to collaborators and other users can greatly help the network infrastructure.
It is used to pay gas expenses while creating smart contracts, making transactions, moving money and staking. GLMR is compatible with more Polkadot ecosystem services.
What is Moonriver?
Moonriver is a development stream from Moonbeam for those who want to get their projects up and running quickly. Developers can use this network to test and benchmark their Dapps under real business circumstances and to get community feedback. You can also use GLMR to test and develop new features for the Moonbeam network.
It also makes the Polkadot more secure by ensuring that only trade-ready connections are delivered to Moonbeam on the Polkadot blockchain. Moonbeam and Moonriver are the first Polkadot networks to be deployed on the Ethereum mainnet and the first to be rolled out to the public.
What makes Moonbeam unique?
In the world of cryptocurrencies, good governance is crucial. Moonbeam is a project that recognizes this and has assembled a strong team of experienced developers to create a platform that is easy to use and navigate. Another factor to consider when deciding whether or not to invest in a project is how responsive the team is to the people who will be using it.
Another thing to consider when thinking about Moonbeam is that they have a very active strategy. The team is constantly developing new features and improvements, demonstrating its commitment to the success of the project. This project has a bright future ahead of it, with so much development going on.
Aspects that Moonbeam achieves
Full EVM implementation allows Solidity-based smart contracts to migrate with minimal change and with the execution results you want. The Polkadot network and token bridges enable token transfer, state visibility, and message transit between the two chains, enabling native on-chain interoperability with Ethereum and other chains. On-chain governance is intended to allow stakeholders to quickly and fork-free modify the underlying protocol in response to developer and community needs.
Conclusion: Is Moonbeam a good investment?
Moonbeam has shown a lot of potential recently, and now might be a good time to buy. This project arrived exactly on time. These companies are passionate about finding a way to circumvent current gas prices while improving the customer experience.
Moonbeam addresses these challenges while giving developers more options. As a result, it is widely used by Polkadot and Ethereum networks. You can expect more products from this project team as the commercialization strategy for the protocol develops over the coming months.
Moonbeam (GLMR) price predictions
We at Crypto Academy we researched Moonbeam and its native token, Glimmer (GLMR). Our predictions show that GLMR could end 2022 with a trading value of $2.50. As for 2023, the price of GLMR could rebound between $2.30 and $3.50. In terms of the long term, Moonbeam is likely to post a positive performance. The year 2024 is expected to be a fruitful year for GLMR investors due to the bitcoin halving event. That said, we predict a possible price above $6.10. At the end of 2026, GLMR could cross the $10 mark.
To remember :
- Moonbeam Mechanism (GLMR) parachains refer to decentralized networks based on the Polkadot and Kusama crypto ledgers.
- You can bet chips in the proportional electoral system.
- Moonbeam uses the Polkadot consensus method.
- In order to get their projects off to a solid start, Moonbeam developers use the Moonriver stream.
- You can trade GLMR on Binance, KuCoin, Kraken and other exchanges with the following currency pairs: USDT, BUSD and BTC. Coinbase retired the token starting March 28.
68% of retail investor accounts lose money when trading CFDs with this provider. You should ask yourself if you can afford to take the high risk of losing your money. eToro users in France cannot open positions to buy real crypto assets, all orders are opened as CFDs.
This article is offered to you in French in agreement with our partner crypto-academy.org