Moonbeam (GLMR) Market Capitalization Tops $247.76 Million

Moonbeam (GLMR) traded down 3.3% against the US dollar during the one day period ending at 20:00 PM E.T. on May 7th. Moonbeam has a market capitalization of $247.76 million and approximately $4.96 million worth of Moonbeam was traded on exchanges in the last 24 hours. One Moonbeam coin can currently be purchased for about $0.29 or 0.00000462 BTC on major cryptocurrency exchanges. Over the last week, Moonbeam has traded up 2.6% against the US dollar.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded 4.8% lower against the dollar and now trades at $35.35 or 0.00056705 BTC.
• NEAR Protocol (NEAR) traded down 2.4% against the dollar and now trades at $7.12 or 0.00011428 BTC.
• Internet Computer (ICP) traded 2.9% lower against the dollar and now trades at $12.42 or 0.00019919 BTC.
• Hedera (HBAR) traded 5.4% lower against the dollar and now trades at $0.11 or 0.00000173 BTC.
• Cosmos (ATOM) traded 2.7% lower against the dollar and now trades at $8.96 or 0.00014367 BTC.
• Cronos (CRO) traded down 2.7% against the dollar and now trades at $0.13 or 0.00000202 BTC.
• Fetch.ai (FET) traded 1.4% lower against the dollar and now trades at $2.34 or 0.00003759 BTC.
• Algorand (ALGO) traded 1.6% lower against the dollar and now trades at $0.19 or 0.00000306 BTC.
• Akash Network (AKT) traded 2.6% lower against the dollar and now trades at $4.61 or 0.00007393 BTC.
• Kava (KAVA) traded down 2.5% against the dollar and now trades at $0.66 or 0.00001054 BTC.

Moonbeam Profile

Moonbeam uses the hashing algorithm. Its genesis date was August 19th, 2021. Moonbeam’s total supply is 1,117,658,796 coins and its circulating supply is 859,762,561 coins. The Reddit community for Moonbeam is https://reddit.com/r/moonbeam and the currency’s Github account can be viewed here. Moonbeam’s official message board is medium.com/moonbeam-network. Moonbeam’s official website is moonbeam.network. Moonbeam’s official Twitter account is @moonbeamnetwork and its Facebook page is accessible here.

According to CryptoCompare, “Moonbeam is a smart contract platform created in 2019 by Derek Yoo, CEO of PureStake. It offers compatibility with the Ethereum network, greater scalability through a proof-of-stake consensus mechanism, and interoperability with other blockchain networks, enabled by the Polkadot network. Developers can use familiar tools and languages, such as Solidity and Web3.js, to build applications on Moonbeam that can interact with other blockchain networks.”

Buying and Selling Moonbeam

It is usually not presently possible to purchase alternative cryptocurrencies such as Moonbeam directly using US dollars. Investors seeking to acquire Moonbeam should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Moonbeam using one of the exchanges listed above.

GLMR/USD price chart by TradingView