Monat: Januar 2022

Moonbeam (GLMR) launch on Polkadot (DOT) was a much-publicised affair. In fact, the project was one of the key beneficiaries of Polkadot’s parachain auction. Moonbeam (GLMR) also became the first fully operational parachain running successfully on the Polkadot ecosystem. But despite this, the news did not reflect on the price and here is why:

• At the time of writing, Moonbeam (GLMR) was trading at $10.42, down nearly 13% in 24-hour intraday trading.

• The launch on Polkadot is seen as a crucial move in accelerating Moonbeam (GLMR) and its growth.

• But so far, it seems investors are still jittery as wider sentiment in the crypto market remains sluggish.

Data Source: Coinmarketcap.com 

Moonbeam (GLMR) – Price action and prediction

Moonbeam (GLMR) has seen some volatility in the last few days. The token has oscillated between slumps of 10% and 15% over the last 24 hours. This comes as a huge surprise since the launch on Polkadot was a big deal.

However, Moonbeam (GLMR) could be feeling the pressure as a result of broader headwinds in the market. At the time of writing, the token was trading at around $10.38 with daily lows of $9.75. 

Moonbeam (GLMR) also had a market capitalization of around $790 million. It is unlikely that this downtrend is long term. We expect the GLMR price to turn the corner in the coming days.

Should you buy Moonbeam (GLMR)?

Moonbeam (GLMR) is a smart contracts platform that runs on Polkadot. It is in fact the main smart contract parachain in the ecosystem. In December last year, Moonbeam raised nearly $950 million for a parachain slot on the Polkadot ecosystem. 

The money was raised through crowdfunding, suggesting there is a lot of confidence in the project among crypto investors. So, for folks looking for long term coins with decent underlying fundamentals, this is it.

The post Moonbeam (GLMR) loses nearly 15% in 24 hours despite launching on Polkadot – Should you buy it? appeared first on Coin Journal.

The trick to making money in crypto, or in any other investment, is often to get in early while the asset is still underpriced. Of course, not all penny cryptos go one to make money; some even tank further. But in case you are hunting for a bargain, then there are some amazing penny cryptos to buy this year. Here is why this makes a lot of sense:

• Penny cryptos are typically underpriced and have a lot of potentials to become big once they grow.

• Also, the cost of getting these crypto-assets tends to be low, so you can start even on a small budget.

• These cryptos also have a lot of intrinsic value, so if you are patient enough, there is always so much to gain.

Well, the following is a list of three of the best penny cryptos that you can buy right now and hold in 2022:

VeChain (VET)

VeChain (VET) is marketed as an enterprise-grade smart contract platform that was launched back in 2015. The project has seen immense growth over the years. 

Data source: Tradingview.com 

As of now, it has a market cap of around $4.9 billion, suggesting there is still more upside to come in the future. At the time of writing, its native token VET was trading for $0.0765.

Reserve Rights (RSR)

Reserve Rights (RSR) is a dual token stablecoin platform designed to help crypto traders manage volatility in the market. The project is fairly new, having launched in 2019. But it offers a lot of promise. As of now, RSR has a market cap of $340 million. The crypto is also trading at around $0.02586.

REEF (REEF)

Reef (REEF) is a Layer-1 blockchain designed to provide support for innovative DeFi, NFT, and gaming projects. Its native token REEF has a market cap of around $244 million. The token, at the time of writing, was selling for $0.01394.

The post These are the best penny cryptos to buy right now appeared first on Coin Journal.