GLMR, the native crypto of the Moonbeam protocol, surged over 50% after information broke of its upcoming itemizing on the South Korean crypto alternate, Upbit.
Moonbeam’s native token, GLMR, is experiencing a major surge, rising by over 50% within the final 24 hours.
The surge comes on the heels of a Sep. 25 announcement by Upbit, a South Korean alternate, that may listing GLMR on its alternate, with a GLMR/BTC buying and selling pair set to go dwell later at present.
The GLMR itemizing has despatched a wave of pleasure by way of the market, highlighting the transfer’s potential influence.
Moonbeam operates throughout the Polkadot (DOT) ecosystem and goals to supply a user-friendly good contract platform. GLMR serves a number of capabilities throughout the Moonbeam Community, together with facilitating transaction charges and staking.
Earlier than the Upbit announcement, GLMR had been languishing underneath the $0.2 threshold for fairly a while. But, the token has skilled a 35.11% enhance within the final 24 hours, reaching a brand new peak at $0.2284. On the identical time, its market capitalization has swelled by 50.82% to over $190 million.
Buying and selling quantity for the token has additionally seen a dramatic rise, surging by an astounding 2950% to achieve over $91 million, as per information from CoinMarketCap.