Crypto News – Moonbeam crypto rose more than 50% today, ignoring the market decline.
Moonbeam Crypto Soared on September 25, While Most Other Tokens Plummeted
GLMR is the native cryptocurrency of the Moonbeam Network. As a result of increased investor interest, the GLMR token has seen massive gains in the last 24 hours. The price of GLMR has increased as a result of Upbit, a South Korean exchange, listing GLMR for trade against BTC.
Upbit Announces the Listing of Moonbeam Crypto (GLMR)
Recently, Upbit said that it is considering listing the GLMR token on its platform. This move may be motivated by the fact that the exchange wants to expand its range and offer its users a promising GLMR token.
Upbit recognizes how important GLMR is to the Moonbeam ecosystem. The token is so valuable because it serves many purposes, such as speeding up transaction payments, increasing staking participation, and acting as a payment method for digital asset transactions within the network. Upbit wants to bring a token that fulfills all these functions to its users.
As of the time of the Upbit announcement, GLMR deposits on the exchange are expected to begin within the next hour. However, it’s crucial to remember that GLMR only takes deposits made through the Moonbeam network and refuses to accept deposits from other networks, such as BSC.
This emphasis on Moonbeam Network deposits demonstrates Upbit’s dedication to providing its users access to exciting blockchain projects. Furthermore, it fits in with the exchange’s plan to encourage assets with great potential in the cryptocurrency market.
Upbit has imposed specific limits for GLMR trading in order to guarantee a secure trading environment and give consumers accurate market information. These limitations, which are designed to reduce risks during the first trading phase, include initial purchase order caps and price caps.
GLMR Token’s Jaw-Dropping Price Increase
The announcement by Upbit outlining its choice to list GLMR has already had a major effect on the token’s price. The price of GLMR has skyrocketed during the last day, rising an astonishing 28.25% to $0.2163. At the time of writing, its market cap had increased by 27.70% to $160,30 million, while its 24-hour volume had increased by 2404.28% to $71.37 million. The rise in GLMR’s price illustrates the growing interest in the blockchain project, despite the fact that the cryptocurrency industry is notorious for its volatility.
The cryptocurrency world is currently intently observing how this listing will affect GLMR’s future and its potential to influence the larger market. Users of Upbit will have the chance to take part in this exciting development once deposits open.
About Moonbeam Crypto
A Polkadot parachain project Moonbeam Network seeks to develop a smart contract platform with a user-friendly interface that is comparable to the Ethereum Virtual Machine (EVM). By processing transactions and generating blocks by using Polkadot’s relay chain for verification, the project aims to provide high-speed network operation with strong security.
Using industry-recognized Ethereum tools, DApps, and protocols, Moonbeam provides a complete Ethereum-like ecosystem. Moonbeam reduces the number of modifications needed to operate current Solidity smart contracts on the network by duplicating Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and other data.
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