Moonbeam (GLMR) Price Prediction 2023-2030: Will GLMR Price Hit $1 Soon?

Bits Logics Team . 26th Sep 2023

• Bullish Moonbeam (GLMR) price prediction ranges from $0.45 to $0.6
• Analysis suggests that the GLMR price might reach above $0.55.
• The GLMR bearish market price prediction for 2023 is $0.160.

Moonbeam (GLMR) Price Prediction 2023-2030 Overview

What is Moonbeam (GLMR)?

Moonbeam is a smart contract parachain on the Polkadot network, that offers full compatibility with Ethereum. It simplifies the process of using well-known Ethereum developer tools for creating or migrating Solidity projects within a Substrate-based environment.

Moonbeam goes beyond being a standard Ethereum Virtual Machine (EVM) implementation. It serves as a specialized parachain, replicating Ethereum’s essential elements, including Web3 RPC, accounts, keys, subscriptions, logs, and more. Beyond this replication, Moonbeam enhances the Ethereum feature set by introducing additional functionalities such as on-chain governance, staking mechanisms, and seamless cross-chain integrations.

What sets Moonbeam apart is its unparalleled Ethereum compatibility. For instance, Developers can effortlessly utilize existing Solidity smart contracts without the need for extensive modifications. Moreover, the platform seamlessly connects with popular Ethereum development tools like MetaMask, Hardhat, Waffle, Remix, and Truffle through a comprehensive suite of Web3 RPC endpoints. Developers can also employ well-established JavaScript libraries such as Web3.js and Ethers.js.

Furthermore, Moonbeam offers unified account management, allowing the use of existing Ethereum H160 accounts and ECDSA signatures for interactions. It provides access to a wide range of integrations within the Moonbeam ecosystem, including oracles, bridges, wallets, and various other tools.

Finally, Moonbeam serves as a crucial bridge, facilitating integration and connectivity not only among Polkadot Parachains but also with external chains like Ethereum and Bitcoin. These bridges enable seamless communication and data exchange across different blockchain networks. Moonbeam’s journey began in 2019, initiated by Derek Yoo of Pure Stake, who laid the foundation for this innovative project.

Moonbeam (GLMR) Market Overview

Moonbeam (GLMR) Current Market Status

The maximum supply of Moonbeam (GLMR) is infinite, while its circulating supply is 749,772,171 GLMR, according to CoinMarketCap. At the time of writing, Moonbeam is trading at $0.2357 representing 24 hours increase of 9.5%. The trading volume of Moonbeam in the past 24 hours is $102,818,227 which represents a 48.81 % increase.

Moonbeam (GLMR) could be traded on some of the top exchanges such as Binance, KuCoin, Kraken, and OKX.

Now that you know Moonbeam and its current market status, we shall discuss the price analysis of  Moonbeam (GLMR) for 2023.

Moonbeam (GLMR) Technical Analysis 2023

GLMR has been having a gloomy time since February 2023. However, there is a silver lining when it comes to the gradient of the fall. As shown in the chart, the gradient of the fall is reducing slowly, This indicates that the sellers are exiting the market and the buyers are slowly taking over the market.

Although the Bollinger super trend indicator which has been red throughout the fall of Moonbeam has turned green currently, there is still a doubt whether GLMR would carry on gaining value. This question arises from the fact that GLMR is overbought as it has gone above the upper Bollinger band. Hence, GLMR might retrace and head towards the lower band and GLMR could lose value. 

The Accumulation Distribution Line (ADL) which reads a value of -396M seems to be heading in the positive direction.  This shows that the distribution is reducing and the accumulation is slowly taking over. If traders keep accumulating the token, then the supply will reduce and the demand will increase for GLMR. So will the price. 

Moonbeam (GLMR) Price Prediction 2023

Moonbeam traded inside the falling wedge since February 2023 until recently. GLMR made lower lows and lower highs during this period. However, GLMR seems to have broken out from the falling wedge with a large green candle stick. But, GLMR has come under a bear attack as there is a red candle stick forming on the horizon. 

Although there is a red candlestick forming on the horizon, this is also the Point of Control (PoC) as per the Fixed volume profile indicator. This PoC means there is more buying and selling happening at this price. Moreover, the buying pressure in green trumps the selling pressure, therefore the price of GLMR could rise. 

In the event, that Moonbeam rises there is a high chance that it could reach the $0.3 resistance level initially, and then head toward the $0.44 resistance level. As the resistance level at $0.44 is quite fragile, GLMR could break this and reach the $0.55 resistance level. However, if the above-stated doesn’t happen GLMR could look for support at $0.165. 

Moonbeam (GLMR) Price Prediction 2024 

As there will be BTC halving in 2024, the masses will expect a positive trend in the market and there is a high chance that investors could accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum spike for BTC. Hence, GLMR also could trade at a price, not below $0.62 by the end of 2024.

Moonbeam (GLMR) Price Prediction 2025

Moonbeam may harvest the after-effects of Moonbeam halving and is intuitively expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, GLMR will continue to rise in 2025 forming new resistance levels. It is expected that GLMR will trade beyond the $4.5 level.

Moonbeam (GLMR) Price Prediction 2026

After a long period of bull run, the market may start to correct the price of BTC. During this period there could be a bearish sentiment, as such BTC could tumble into its support regions. During this period of price correction, GLMR could lose momentum and be way below its 2025 price. As such, it could be trading at $1.7 by 2026. 

Moonbeam (GLMR) Price Prediction 2027

There is a tendency for traders to expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Moonbeam halving in 2028 could evoke excitement in traders. As such, this excitement may be reciprocated in GLMR’s prices and we could expect Moonbeam to trade at around $3.5 by the end of 2027. 

Moonbeam (GLMR) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Moonbeam halving, there will be a positive sentiment in the market. As such, this may be reflected in the price of BTC. Hence, GLMR would be trading at $6 after experiencing a considerable surge by the end of 2028. 

Moonbeam (GLMR) Price Prediction 2029

2029 is expected to be another bull market as the BTC halving takes effect. In tandem with the stable market sentiment, GLMR could be trading at $21.25 by the end of 2029.

Moonbeam (GLMR) Price Prediction 2030

After witnessing a bullish run in the market, BTC and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, GLMR could be trading at $8.85.

Moonbeam (GLMR) Price Prediction 2040

The long-term forecast for BTC  indicates that it has the potential to reach a new all-time high(ATH). As this will be the year of BTC halving people would be excited and the buyers would be accumulating GLMR. Hence, the price of GLMR could be trading at $30. 

Moonbeam (GLMR) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such GLMR could reach $83.

Conclusion

If investors continue showing their interest in GLMR and add these tokens to their portfolios, it could continue to rise. GLMR’s bullish price prediction shows that it could reach the $0.55 level. 

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Disclaimer:

The information and analysis are intended for informational purposes only. All views and opinions expressed should not be considered as financial, investment, or trading advice. Readers are strongly encouraged to conduct their own research before making any investment decisions. Any actions taken based on the information presented by Bits Logics are at the reader’s own risk. The author or any affiliated parties shall not be held liable for any direct or indirect damages or losses resulting from such actions.