Moonbeam’s native token, GLMR, has seen a massive surge of 56% in the last 24 hours, and is currently being traded at $0.2601 across various spot trading platforms. This remarkable price action is generating a lot of buzz in the altcoin market.
The reason behind this surge is the announcement of GLMR’s listing on Upbit, one of South Korea’s leading cryptocurrency exchanges. This listing is expected to open the door to a wider audience and is creating optimism within the cryptocurrency community.
For Moonbeam investors, this surge has come as a relief as the token had been trading below the $0.2 mark for weeks. This sudden increase has recovered a substantial portion of its recent losses.
The listing on Upbit is a major milestone for Moonbeam, as it will help the protocol to establish a strong presence in the highly competitive blockchain space. With its mission to onboard highly functional decentralized applications (dApps) and create unique reward mechanisms for early supporters, Moonbeam is making its mark in the market.
The surge in the price of GLMR is a testament to the growing interest in Moonbeam’s potential, and its trading volume has also increased by 1937.22% in the last 24 hours. Moonbeam is pushing ahead with its vision and the Upbit listing marks a crucial step towards achieving wider recognition and adoption.