The Value of GLMR, Moonbeam’s Native Cryptocurrency, Surges Over 50% Following Upbit Listing Announcement

The value of GLMR, the native cryptocurrency of the Moonbeam protocol, has skyrocketed by more than 50% after news broke of its upcoming listing on the South Korean cryptocurrency exchange, Upbit.

Moonbeam’s Native Token, GLMR, Experiences Significant Growth

Moonbeam’s native token, GLMR, has experienced a major boom, rising more than 50% in the past 24 hours.

Upbit Announces Listing of GLMR

The surge in value follows an announcement made by Upbit, a South Korean exchange, on September 25. Upbit revealed its plans to list GLMR on its exchange, with the GLMR/BTC trading pair set to go live later today.

Excitement in the Market

The listing of GLMR on Upbit has generated a wave of excitement in the market, drawing attention to the potential impact of this development.

Moonbeam’s Role and GLMR Utility

Moonbeam operates within the Polkadot (DOT) ecosystem and aims to provide a user-friendly smart contract platform. GLMR serves multiple functions within the Moonbeam network, including facilitating transaction fees and collections.

GLMR’s Impressive Performance

Prior to Upbit’s announcement, GLMR had been trading below the $0.2 threshold for a considerable period. However, the token has experienced a remarkable 35.11% increase in the past 24 hours, reaching a new peak at $0.2284. Additionally, its market capitalization has surged by 50.82% to over $190 million.

Furthermore, the trading volume for GLMR has seen a significant rise, soaring by a staggering 2,950% to over $91 million, according to CoinMarketCap data.

Stay Updated with the Latest News

For more information and updates:

• Cryptocurrencies account for 70% of South Korea’s offshore assets
• Upbit is the victim of a fraudulent deposit incident

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