If you’re familiar with blockchain in general, you might know that most operations in a certain blockchain network rely on transactions that are just a few “if/then” statements. In cryptocurrency terms, we call it a smart contract. Moonbeam and Moonriver are smart contract platforms on Polkadot and Kusama and the tokens they use are $GLMR and $MOVR respectively. In today’s video, we’ll discuss the potential of these tokens and where can you buy them, stay with us till the end of the video to find out.
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At first, let’s discuss $MVR, also known as Moonriver, which is the primary utility token of this smart chain project. The token is currently available on major markets like KuCoin, Gate.io, and Kraken and it’s currently sitting on 367 dollars. The token’s price is constantly sustaining somewhere between 390$ to 350$ since last week. Its market cap is around 8 billion dollars while the all-time high 24 hours trading volume is roughly 40 billion dollars and the circulating supply of this token is 2 million.
$MOVR, according to analysts, has a huge potential and may reach around 500 dollars in near future. With the fall of Bitcoin in September, $MOVR’s price didn’t suffer at all, in fact, it reached its all-time high of 448 dollars. Although it’s in the red, the chance of its explosion is high.
One of the many reasons why this might be a good investment for you is because the current price is way less than its all-time high, which tells us that a lot of sellers are gone and the quantity of the tokens available for ownership has increased. Another reason that makes this token worth investing in is the project Moonriver itself. The goal behind this project is to create a hub for developers and allow them to redeploy their Ethereum DApps without the hassle of configuration into the Karura network. If you don’t know what DApp is, it stands for Decentralized Applications. Moonriver project will open a gateway to a lot of Ethereum based applications, allowing smooth communication between different chains used in the applications, so if you’re someone who likes to hold their investments for long-term profits, this might be your cup of tea.
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Another token that we’ll discuss today is $GLMR, also known as Moonbeam.
It’s the primary utility token for the Moonbeam project which is similar to Moonriver but the only difference here is that it’ll launch on the Polkadot chain instead of Kusama which was used for Moonriver. Unlike $MVR, this token has not been launched yet, which means if you’re planning to invest in it, you’re RIGHT ON TIME!
Moonbeam’s crowd loan pre-registration is now live, which means they’ve already started the process, and becoming part of this project RIGHT NOW will reward you with major gains. On the ICO launch, there will be 1.6 million GLMR tokens for sale and the supply is broken down into 6% for advisers, 12% for private sale, 14% seed sale, 15% for the team behind the project, 17% public sale and 37% for the Foundation. The expected marketplaces where it’ll be available are PancakeSwap, Uniswap, Sushiswap, and Binance.
One of the major reasons why this is the perfect time to invest in this token is obviously, the project. It’s similar to Moonriver which performed really well when it launched, so the chances of Moonbeam’s performance being AT LEAST as good as Moonriver is high, and it might perform even better than that.
It doesn’t stop here, it’ll allow integrations for DApps built on the Ethereum network as well as $DOT since it relies on the Polkadot chain. As soon as it launches, it’ll attract a large amount of DeFi, which stands for Decentralized Finance, developers who want to take their application’s potential to even greater levels. By building a bridge between multiple blockchain ecosystems, it’ll allow faster transactions, seamless token movement from Ethereum and other chains.
All of these things point us towards one thing, POTENTIAL PROFIT UP TO 10X and it’s not an exaggeration so make sure you don’t miss the chance!
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