Astar

Polkadot

Moonbeam

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
GLMR, the native token of the&nbsp;<a href="https://u.today/polkadots-moonbeam-shares-first-statistics-3-million-transactions-200k-wallets-what-else">Moonbeam protocol</a>, a Polkadot parachain, is clearly leading the altcoin momentum today, as most coins push to start their week on a stellar bullish note. At the time of writing and&nbsp;<a href="https://coinmarketcap.com/currencies/moonbeam/#Chart">per</a> data from CoinMarketCap, GLMR is up by 50.2% in the past 24 hours, with its price now pegged at $0.2424 on spot trading platforms.
<img data-entity-type="file" data-entity-uuid="56415fc3-4c3e-48f1-874c-9b1732fc0768" src="https://u.today/sites/default/files/inline-images/GLMR_1D_graph_coinmarketcap.jpeg">GLMR 1D Chart. Source: <a href="https://coinmarketcap.com/currencies/moonbeam/#Chart">CoinMarketCap</a>
While making the limelight of altcoins with such massive growth is quite uncommon for the token, the news that it will be listed on Upbit exchange has sent bullish shockwaves through its ecosystem across the board. The Upbit trading platform made the&nbsp;<a href="https://upbit.com/service_center/notice?id=3748">announcement</a> earlier today, with plans to open the GLMR/BTC trading pair later today.
As a major Korean trading platform, Upbit has always stood as the centerpiece of expansion for most tokens across the board. With Korea known as one of the most important hubs in the digital currency trading world, the listing of GLMR has sent a very important shockwave into the broader industry as the market is obviously electric with the possibilities of the listing.
For Moonbeam, whose price has traded well below the $0.2 price level for weeks, the current upshot is a major leap that has helped the token pare off the majority of its losses in the past month.
<h2 dir="ltr" id="pushing-moonbeam-ideology">Pushing Moonbeam Ideology</h2>
As one of the most important protocols in the Polkadot ecosystem, Moonbeam has carved a niche of performance for itself through the onboarding of highly functional decentralized applications (dApps), the&nbsp;<a href="https://u.today/moonbeam-glmr-delegation-pioneers-getting-nft-rewards-details">creation of a unique reward scheme</a> for early backers and mainstream&nbsp;<a href="https://u.today/polkadot-moonbeam-moonriver-now-connected-by-wanchain-bridges">collaboration</a> across the board.
As a major competitor of the Astar Network, Moonbeam is bound to gain a deeper reach and access through its Upbit listing, a move that is essential for its longer-term survival.

Moonbeam (GLMR) up 50% on Potential Major Exchange Listing: Details

Table of Contents

U_Today

Other articles published on Sep 25, 2023

Digital asset investments see outflows for sixth successive week

The Art of Crypto: Domini.art Poised to Reshape the NFT Landscape

Lean Community and FreeLIB Newsletter - Week #38

Bitcoin Price Faces 210,000 BTC US Government Sales Tsunami, Buy Bitcoin BSC ($BTCBSC) After it R...

Coinbase Faces Scrutiny as SEC Objects to Celsius Restructuring

XRP Price Hits Massive Support Level: Potential Price Movements

Join our free newsletter for daily crypto updates!