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

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

The post Polkadot parachain token Moonbeam (GLMR) is up 96% in 7 days: here’s where to buy it appeared first on Invezz.