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    Max E.

    Moonbeam: 4 April Price Digest

    Moonbeam price digest

    At the time of writing, GLMR is trading at $5.57. Over the past 24 hours, the value of the digital asset has increased by 21.89%. 

    GLMR price growth

    GLMR (Glimmer) is the native token of Moonbeam Network. Moonbeam is a blockchain aimed specifically at developers that helps them ensure the compatibility of their projects with the Ethereum network and build bridges between new protocols and the Ethereum blockchain. In addition, it allows developers to set up existing Solidity smart contracts and Dapp interfaces for Moonbeam with almost no changes, meaning creators can quickly put their products into operation, spending less time and money on implementation. In addition, Moonbeam is a parachain on the Polkadot network. 

    The catalyst for the latest boost in token value is the active development of the Moonbeam Network project. 

    On March 11, it turned two months old – the platform was launched on January 11, 2022. 

    Shortly after, Moonbeam passed some of the important stages of project development –  in terms of solution implementation and technical progress. 

    • As of early March, Moonbeam Network processed over three million transactions initiated by 200,000 active accounts.
    • The number of projects integrated with Moonbeam reached more than 30. 
    • Users locked 92M GLMR ($225 million) in their staking module.
    • After the launch of the GLMR token in early January 2022, its price immediately reached an all-time high of $437.

    The GLMR utility token ensures the health of the network and enables various functions on the platform. GLMR simplifies network management mechanisms. Similar to the ETH coin, it is used for smart contracts execution, voting, election of company council representatives and incentivization of the developers, etc. GLMR can be stored in several wallets, including Metamask, MathWallet and other wallets that interact with the Ethereum network. 

    The prospects for Moonbeam Network in the overall system of the cryptomarket are quite bright, which positively affects the current value of the asset.

    The content of this article is for informational purposes only and should not be construed as investment advice. We ask you to do your research. This text is not a guide to action. The author's opinion may not coincide with the opinion of CoinJoy.

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