Moonbeam has surged by 17.31% over the past month, boasting a market capitalization of $87.32 million. Its 24-hour trading volume reached $6.64 million, reflecting a 19.87% increase.
The current sentiment for Moonbeam price prediction remains neutral, whereas the Fear & Greed Index registers at 66, indicating a state of greed in the market.
GLMR Price Outlook
According to Coinpedia Markets , Moonbeam is currently priced at $0.08915. In the past 24 hours, it recorded a trading volume of $6.65 million. Although the price has dropped significantly by 99.54% from its all-time high (ATH), it has rebounded strongly with a 65.23% increase from its all-time low (ATL), suggesting a solid recovery.
The volatility remains relatively neutral at 4.97%, indicating stable price movement.
GLMR Crypto- Technical Insights
Analyzing the Simple Moving Averages (SMA), the short-term 5-day and 20-day SMAs have formed a bullish crossover, signaling positive momentum in the near term.
Similarly, the medium-term 20-day and 50-day SMAs also exhibit a bullish crossover, indicating growing strength over the medium term.
Polkadot Ecosystem Gains Momentum
- Moonbeam’s integration with Polkadot’s XCM (Cross-Consensus Message) protocol, combined with bridges to Ethereum and Solana, solidifies its role as a major cross-chain hub.
- Additionally, the broader Polkadot ecosystem—including parachains like Acala and Bifrost—benefits from Moonbeam’s EVM compatibility, enhancing GLMR’s utility for transaction fees and governance functions.
Moonbeam Price Prediction
Moonbeam stands out as a promising cross-chain cryptocurrency with significant growth potential. CoinPedia’s GLMR price forecast suggests it could climb to $0.52 by the end of 2025.
However, challenges such as market volatility, external uncertainties, and the absence of crucial upgrades may constrain its growth, potentially keeping the price near $0.15.
