October 16, 2022 10 min to read.

What is Moonbeam Network? How to Buy Moonbeam GLMR Coin

How to buy GLMR Moonbeam Network? What is Moonbeam Foundation? Polkadot vs Moonbeam

Table of Content

1. What is Moonbeam Network? How to Buy Moonbeam GLMR Coin
2. Prominent investors already on board
3. Docking to Ethereum
4. Moonbeam price predictions
5. Polkadot-Native USDT Available on Moonbeam
6. How to Buy Moonbeam Coin
7. Moonbeam FAQs

What is Moonbeam Network? How to Buy Moonbeam GLMR Coin

In the following paragraph, we will describe Moonbeam: Moonbeam is the second project selected to operate a parachain at Polkadot's Parachain Auctions after receiving one of the coveted slots. As the best found Polkadot project, Moonbeam is now preparing to introduce smart contract functionality to the ecosystem - but aiming to build a direct link to Ethereum with the help of over 35.7 million DOT tokens contributed.</p>

Moonbeam is now able to build on a theoretical equivalent of more than one billion euros with more than 35 million DOT tokens deposited. However, these values will not be readily available as cash until the project returns its parachain in October 2023. In the meantime, the team can accomplish the goals that they have set for themselves and their investors.

Moonbeam is actually the developer company PureStake founded by founder and CEO Derek Yoo in 2019 and began as a developer for proof-of-stake networks such as Algorand and Polkadot staking. The parachain auction has been successful for several reasons, including Yoo's previous experience working in information technology companies, which has enabled him to attract a number of prominent crypto investors.

The project is supported by Arrington XRP Capital, Coinbase Ventures, Binance Labs, Fenbushi Capital, KR1 and CoinFund. Yoo's team decided to lease a parachain rather than create a standalone blockchain some time ago instead of creating it themselves. Currently, they are interested in building on a decentralized system with over 900 validators, without having to create one themselves.

Docking to Ethereum

However, Moonbeam envisions itself as a layer 1 solution and would like to appeal to as many developers as possible in order to get them started building DApps. Of course, this cannot be achieved without currying favor with Ethereum. Moonbeam intends to simplify the development process by supporting Ethereum tools such as MetaMask, Remix, Hardhat, Waffle, Truffle, and Solidity as well as ERC-20 tokens.

As well as GLMR (short for Glimmer), Moonbeam also has its own token, which will enable developers to pay for transaction fees in the network and use them to run their DeFi applications. GLMR is expected to be launched in the first quarter of 2022. In the medium term, Moonbeam will be judged in part on the quality of its token, since if developers abandon Moonbeam in favor of other smart contract networks, the token will also become irrelevant.

Moonbeam price predictions

There is a need to understand that price forecasts, especially when it comes to something as volatile as cryptocurrency, very often end up being incorrect, so it is important to keep that in mind before we discuss some moonbeam price predictions made on 12 September 2022. Furthermore, long-term cryptocurrency price predictions are often based on algorithms, which means they can change at any time.

In its moonbeam crypto price prediction for 2017, PricePrediction.net predicted that the token would trade at $0.93 this year, $1.35 next year, and $1.93 in 2018. According to the site, GLMR might reach $2.83 in 2025, $4.28 in 2026, $6.28 in 2027, and $9.21 in 2028, before reaching $4.28 in 2026, $6.28 in 2027, and $9.21 by 2028. According to the forecast, the token may end the decade after breaking through the $10 barrier to trade at $13.64. The site then went on to make a moonbeam price prediction for 2030 of $19.63, before suggesting that it could trade at around $29.08 in 2031. 

During 2022, CoinArbitrageBot predicted that moonbeam would reach a fraction of a cent below $3.31 before trading at a potential price of $5.89 by the end of the year. The site predicted that GLMR could reach $9.53 by the year 2024, followed by $15.42 by the year 2025, and ultimately reach $15.42. If you believe that the price of moonbeam will increase by approximately 450% by the end of the year, then you will be able to trust this particular forecast.

CryptoPredictions.com made a GLMR price prediction that argued the token would breach the dollar barrier by December 2022, reaching just under $1.06. By September 2023, the site suggested moonbeam could be worth about $1.68, moving to a fraction of a cent below $2.10 12 months thereafter. A price prediction made by the site for the moonbeam token for 2025 suggested that it could start the year just below $2.20, reach $2.36 by the end of September, and finish the year between $2.41 and $2.42. The prediction argued that the token could rise to $2.55 in September the following year before closing 2026 at $2.59.

Last but not least, WalletInvestor predicted that GLMR would drop considerably over the next 12 months, falling to $0.05027 on 12 September 2023. 

In making GLMR token price predictions, it is important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict a coin's or token's price in the next few hours, and even more difficult to give long-term forecasts. Therefore, analysts and algorithm-based forecasters can and do make incorrect predictions.

It is very important that you conduct your own research before investing in cryptocurrency tokens. Before making any investment decision, check out the latest market trends, news, technical and fundamental analysis, and expert opinion. Past performance is not a guarantee of future returns. Avoid trading with money you cannot afford to lose.