2023-09-27
A cryptocurrency project called Moonbeam
with Glimmer (GLMR) as a native token; price increased 36%. Between September
25, 2023 and September 27, 2023 GLMR price increased from $0.1684 to $0.2307.
Meanbeam is one of the Parachains that
run on Polkadot network. A Parachain is a blockchain that run on Polkadot
network.
Moonboom is a layer 1 and a smart
contract blockchain and it is EVM compatible. dApps from Ethereum can be deployed
on Moonbeam. It can be said that Moonbeam is Ethereum on Polkadot.
If Ethereum developers want to build
dApps on Polkadot. They can build on Moonbeam. Moonbeam supports Ethereum
Virtual Machine (EVM). Glimmer token is interoperable with other parachains.
Why the price of Glimmer token increases
more than 30% in 2 days ?
On September 25, Moonbeam (GLMR) has
been listed on UpBit, South Korean cryptocurrency exchange. GLMR price surges
in response to the news. UpBit is the largest cryptocurrency exchange in South
Korea
About Moonbeam
Ranking: 136th largest crypto by market cap.
Market cap: $175 million.
Fully diluted
market cap: $253 million.
Inflation: Moonbeam inflation rate is about 5%.
Transactions
per second: A Parachain can
process 1,000 TPS. Once asychronous backing is enabled a Parachain process
100,000 - 1,000,000 TPS.
Time to
finality: A Parachain takes 6
seconds to process a transaction.
As of September 27,
2023.
