Moonbeam (GLMR) Surges 50% on Anticipation of Major Exchange Listing

2023-09-25 15:01:49

Moonbeam (GLMR) Soars 50% on Potential Major Exchange Listing

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Godfrey Benjamin

Moonbeam (GLMR) is experiencing a remarkable surge as it prepares for its debut on the Upbit exchange. The native token of the Moonbeam protocol, a Polkadot parachain, is at the forefront of the altcoin momentum today, with many coins starting the week on a bullish note. According to CoinMarketCap, GLMR has skyrocketed by 50.2% in the past 24 hours, currently trading at $0.2424 on spot trading platforms.

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News of the Upbit exchange listing has created a wave of excitement in the Moonbeam ecosystem. Upbit made the official announcement today, revealing plans to launch the GLMR/BTC trading pair. As one of the leading Korean trading platforms, Upbit's listing of GLMR holds significant importance in the digital currency trading world.

The surge in GLMR's price marks a major breakthrough for Moonbeam, which has been trading below the $0.2 level for weeks. This surge has helped the token recover a substantial portion of its recent losses.

Pushing Moonbeam Ideology

Moonbeam, as one of the prominent protocols in the Polkadot ecosystem, has established itself as a high-performance platform through the integration of decentralized applications (dApps) and a unique reward system for early supporters. Collaboration across various sectors further strengthens Moonbeam's position. With the Upbit listing, Moonbeam expects to expand its reach and secure long-term sustainability, positioning itself as a strong competitor to the Astar Network.

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