An eagerly anticipated Polkadot-based challenge is lighting up the night time sky after crypto alternate Binance introduced plans to checklist the token.
Moonbeam (GLMR) is a great contract platform appropriate with the Ethereum Virtual Machine (EVM) that capabilities as a Polkadot parachain. The challenge goes past Ethereum’s base options by additionally providing staking, on-chain governance and cross-chain integrations.
The challenge highlighted its launch by way of a sequence of tweets.
“Moonbeam is the primary absolutely operational parachain on Polkadot.
Moonbeam’s profitable launch follows a broadly supported crowdloan marketing campaign hosted by the Moonbeam Foundation! 35M+ DOT tokens (~$944M USD on the time the crowdloan ended) had been contributed from 200k contributors worldwide.”
The freshly minted altcoin was launched yesterday at a price of $10.57, then surged by 84.4% to a excessive of $19.50.
Moonbeam has since corrected and at the moment trades for $13.47 for an general achieve of 27.4% since first being listed.
Moonbeam’s sister challenge Moonriver (MOVR) additionally noticed its price go vertical after being listed by Binance again in early November. MOVR operates on Kusama (KSM), Polkadot’s canary community.
Polkadot (DOT) is the #9 crypto asset by market cap and valued at $25.72. The interoperability challenge just lately launched its parachain function.
Binance says GLMR will likely be accessible within the Bitcoin (BTC), Binance USD (BUSD) and Tether (USDT) buying and selling pairs.
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl aren’t funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any loses you might incur are your accountability. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please notice that The Daily Hodl participates in affiliate internet marketing.
Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
