As the altcoins season continues to gather momentum, a Polkadot parachain token called Moonbeam (GLMR) is making headlines as it turns tables and starts to rally after a horrific drop since its launch in January this year (2022).
Moonbeam (GLMR) coin has gained 109.6% in the last 14 days and the bull trend is gathering momentum after the coin registered a 23.47% rise today.
To help investors and traders who want to invest in the Moonbeam token, Invezz has created a brief article explaining what it is and the best places where to buy it.
To find out more, please continue reading.
Best places to buy Moonbeam (GLMR) from
As GLMR is such a new asset, it’s yet to be listed on major exchanges. You can still purchase GLMR using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy GLMR right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for GLMR
Now that you’re connected, you’ll be able to swap for 100s of coins including GLMR.
What is Moonbeam (GLMR) coin?
Moonbeam (GLMR) coin is the native token of Monbeam.
In a nutshell, Moonbeam is an Ethereum-compatible smart contract parachain on the Polkadot blockchain. Its main objective is to make it easy for developers to use popular Ethereum developer tools in building and redeploying Solidity projects in a substrate-based environment.
Moonbeam is a highly specialized parachain that mirrors the Ethereum Web3 RPC, logs, accounts, keys, and subscriptions among others. It extends Ethereum features with additional features like cross-chain integrations, on-chain governance, and staking.
Should I buy GLMR today?
If you are looking to invest in a Polkadot-based cryptocurrency that is on the rise, then the GLMR coin could be a good choice.
Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.
Moonbeam price prediction
The majority of analysts believe that the current Moonbeam price hike will gather momentum over the coming days in the month of April. They forecast that the price could easily hit $8 by mid-April.
$GLMR social media coverage
Polkadot parachains by TVL:1. Astar with $1.45b2. Parallel with $722m3. Moonriver with $432m4. Moonbeam with $133m5. Karura with $48mTotal: $2.32b$DOT $ASTR $PARA $MOVR $GLMR $KAR pic.twitter.com/DLDatT1Ki8
— Polkadot Hub (@polkadot_hub) April 4, 2022
Look at this beautiful bullish flag $GLMR is producing expecting this to climb again soon 👀#PolkaDot #kusama #GLMR #Moonbeam #100xgem $Dot pic.twitter.com/tyWfliQw2M
— #DefiCelestial 👹 (@Defi_Celestial) April 3, 2022