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Moonbeam Price Prediction

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Aug 9, 2022
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6 min read
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This blog post will cover:

  • GLMR Statistics
  • Moonbeam Roadmap
  • Crypto community about GLMR
  • GLMR Price Prediction 2022
  • GLMR Price Prediction 2023
  • GLMR Price Prediction 2024
  • GLMR Price Prediction 2025
  • GLMR Historical Price Analysis
  • Conclusion

Derek Yoo has founded this young project. The start of the platform's 3 phases was fully completed on January 11, 2022.

Moonbeam is an Ethereum-reconcilable smart contract parachain based on Polkadot. It simplifies the usage of instruments to build up or realign Solidity concepts in a Substrate-established environment. Moonbeam presents itself as more than an EVM realization, saying it’s a parachain mirroring Ethereum’s Web3 RPC.

Here are some features of Moonbeam worth mentioning:

  • Minimal changes in configuration. Devs do not have to rewrite or reconfigure the smart contracts. They will work straightaway.   
  • Tools for developers. An ability to use the already existing instruments for development like Remix, Truffle, MetaMask etc. 
  • Smart contract languages devs already know. Solidity, Vyper, and any compiling to EVM bytecode.
  • Pre-constructed integrations for DOT and ERC-20’s as well as infrastructures like Chainlink and Covalent.

GLMR is utilized for paying transaction fees, rewarding users for staking and taking part in governance.

GLMR Statistics

Moonbeam Roadmap

The roadmap is available on the Moonbeam website. Let’s take a closer look at it:

The roadmap contains quarterly plans for 2 projects of the team — Moonriver and Moonbeam. However, the main goals for 2022 are ecosystem deployments and bounty programs along with the start process including decentralization and the final launch.

The blog post of Moonbeam says that the team members are also focused on developing interoperability with cross-chain communication in particular. Growing the community is an essential part of work, too.

Crypto community about GLMR

Considering the picture we saw on Twitter and other social media, the community is positive about the Moonbeam. Most of crypto enthusiasts admire the concept and enjoy the main idea of it:

Community members also hope for the outstanding future of GLMR tokens.

People on the official Telegram chat of Moonbeam are having a great atmosphere, which obviously affects the project in a good way:

GLMR Price Prediction 2022

GLMR Price Prediction 2023

As for July 11, 2022:

The analysts of Tradingbeasts.com predict the following price for January — $1.93 and for December — $2.68.

If we take a look at the prediction of Digitalcoinprice.com, we’ll notice that they have less positive thoughts on the future value of GLMR. Their number is $0.93.

GLMR Price Prediction 2024

As for July 11, 2022:

The price for GLMR will smoothly grow throughout the years, if we take in consideration the prediction from Tradingbeasts.com. It will be $2.73 at the beginning of 2024 and $3.11 at the end of it. 

The prognosis on Digitalcoinprice.com includes the price of GLMR for 2024. It’s going to be $0.93, as they say.

GLMR Price Prediction 2025

As for July 11, 2022:

We have checked out Tradingbeasts.com for their forecast, and found out that 1 GLMR will cost $3.14 in January and $3.40 in December, continuing slowly growing in price.

If you go to Digitalcoinprice.com, you will see the following prognosis for GLMR: $1.24 in 2025 and $3.31 by 2031.

GLMR Historical Price Analysis

As for July 13, 2022:

All-Time High (Jan 11, 2022): $29.84


All-Time Low (Jun 18, 2022): $0.555

According to Coinmarketcap, the price of GLMR tokens has faced a couple of serious downs. You can take a look at the graph below:

Here we can point out the smooth price decrease throughout 2022. The all-time high was noticed in January and the all-time low — in June. Nowadays, the value doesn’t seem to fall, but it barely changes. The reasons for that could be both well known market volatility and a competition among the famous cryptocurrency projects. The increase of the GLMR cost could be expected during the next few years, in accordance with the cost prediction sources.

All in all, GLMR is a young coin. It shows a low level of volatility and does not form trading patterns. Repeats the nature of the movement of the Bitcoin graph.

Moonbeam seems to be a promising project with a great ecosystem built around Ethereum compatibility. The hard work and dedication of the team should finally pay off.

Conclusion

Talking of the pros of Moonbeam, we can highlight these ones:

  • The project delivers an Ethereum-compatible environment. It allows devs to redeploy their smart contracts in a simple way via familiar instruments.
  • It allows developers to go milti-chain and broaden their influence into the Polkadot.
  • Due to Moonbeam, it’s possible to port the already existing ETH DApps to Polkadot or even create new ones using the well-known dev tools available on the platform.

These distinctive characteristics could help Moonbeam to take its place in the Crypto World. We will surely keep an eye on this one to share some significant updates. Stay tuned with the SimpleSwap Blog!

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.


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