Moonbeam’s GLMR token cryptocurrency market has seen impressive growth. In just 24 hours, the value of GLMR soared 56% to reach the $0.2630 mark, causing many eyes to turn to this token today.
What’s behind this explosive growth? The answer lies in the recent decision by Upbit – a renowned cryptocurrency exchange in South Korea – to list GLMR on its platform. For many, this is not just a listing. Given South Korea’s influence and presence on the global cryptocurrency scene, this is a strategic move that could further expand Moonbeam’s reach.
🚀 BIG NEWS! @Official_Upbitthe global digital asset exchange based in South Korea, has announced support for Moonbeam!
Check out their announcement for complete details: https://t.co/I2gp68sM9P
— Moonbeam Network (@MoonbeamNetwork) September 25, 2023
Moonbeam, which has its roots deeply planted in the Polkadot ecosystem, is known for its dedication to enhancing the integration of decentralized applications (dApps). Over the years, the platform has established strategic partnerships, helping it gain prominence and compete on equal terms with giants like Astar Network. The expectation now is that the recent listing on Upbit will serve as a catalyst to further consolidate its presence in the crypto world.
It is still worth noting that prior to this recent surge, GLMR had experienced bearish weeks, hovering below the $0.2 mark. This advancement, therefore, not only lifts the spirits of Moonbeam enthusiasts and investors, but also redeems some of the previous losses.
At the time of publication, the price of GLMR was quoted at US$0.239130, up 41% in the last 24 hours.
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.