Moonbeam
GLMR
$0.48

Sector

Smart Contracts

Exchange Debut

2022-11-01

Market Cap

401,057,543

Maxim Supply

∞

Circulating Supply

837,449,934

Circ. Supply(%)

∞
Moonbeam

Moonbeam

GLMR

Price

$0.48

Market Cap

Sector

Exchange Debut

401,057,543
2022-11-01

Volume 24h

High 24h

Low 24h

16052707
0.492726137037
0.453078657009

Change 24h

Change 7d

Change 30d

-2.4287
13.1566
33.8111

Maxim supply

Circulating supply

Circulating supply(%)

∞
837,449,934
∞

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Moonbeam cryptocurrency:

Moonbeam, an Ethereum-compatible smart contract parachain on Polkadot, demonstrates a novel approach to multi-chain development. Offering an Ethereum-like environment atop Substrate, it extends the reach of Solidity and Vyper-based smart contracts into the Polkadot ecosystem. Scoring 6.71 out of 10 in the fundamental analysis of the Moonbeam cryptocurrency, the project exhibits strong potential despite a few areas needing attention.

SOCIAL & MASS MEDIA: Score 6.6 out of 10

Moonbeam’s social and media presence shows mixed results. With a perfect 10 in attracting followers on social media pages and engaging administrators, it clearly strikes a chord with crypto enthusiasts. Likewise, the size of chat group communities is impressive. However, the lack of community activity on social media platforms and media presence pull down the score, suggesting a need for better interaction strategies and more aggressive public relations efforts.

AUDIT & SECURITY: Score 8.3 out of 10

Moonbeam has managed to ensure a secure and transparent ecosystem, as evidenced by its high audit and security score. Its commendable transparency of information, coupled with favorable audit results and reasonable exchange liquidity, instills confidence in investors and users alike. This is an important factor in the fundamental analysis of the Moonbeam cryptocurrency.

TOKENOMICS: Score 3.25 out of 10

Moonbeam’s token economy represents a weak point in its fundamental analysis. The perceived inflation rate and centralized control of the monetary mass pull down its score in this category, indicating a need for a reevaluation of the project’s monetary policies.

ECOSYSTEM DEVELOPMENT: Score 9.2 out of 10

The ecosystem development of Moonbeam shines brightly. Its near-perfect score in achieving objectives and bringing new developments to the project attests to its commitment to growth and innovation. This score adds considerable weight to the fundamental analysis of the Moonbeam cryptocurrency, hinting at a promising future.

TEAM & DEVELOPERS: Score 2.1 out of 10

Moonbeam’s low score in this category reflects concerns regarding the team’s experience and the number of software developers. While the quantity of developers seems sufficient, the team’s experience, or rather the perception thereof, needs improvement. Addressing this can significantly enhance the project’s credibility and trustworthiness.

PRODUCT & UTILITY: Score 7.4 out of 10

Moonbeam scores reasonably in the product and utility category. The utility of its product and tokens within the ecosystem indicates value and potential for adoption. This is a positive aspect in the fundamental analysis of the Moonbeam cryptocurrency.

PARTNERS & INVESTORS: Score 8.75 out of 10

Moonbeam shines in the partners and investors category. The number and capacity of investors, along with the quality and quantity of partners, point towards a strong backing and collaborative environment.

Fundamental analysis of the Moonbeam cryptocurrency – The final conclusion

Weighing all the scores from the fundamental analysis of the cryptocurrency Moonbeam, it emerges as a project with solid potential. It excels in ecosystem development, audit and security, and partners and investors, attesting to its potential for success. However, Moonbeam must address concerns about its tokenomics and the perceived lack of experience within the team. These factors introduce risk and might limit the growth of this promising cryptocurrency project. The „fundamental analysis of the cryptocurrency MX TOKEN” may further substantiate this conclusion. Despite these areas needing improvement, the overall score and Moonbeam’s distinct value proposition in the Polkadot ecosystem make it an interesting opportunity for those willing to navigate its challenges.

Moonbeam (GLMR): An Ethereum-Compatible Parachain on Polkadot

Moonbeam is a unique Ethereum-compatible smart contract parachain on Polkadot. Founded by Derek Yoo of Pure Stake in 2019, Moonbeam offers an Ethereum-like environment, which simplifies the use of popular Ethereum developer tools for building or redeploying Solidity projects in a Substrate-based environment.

Unmatched Ethereum Compatibility

Moonbeam’s Ethereum compatibility outperforms competitors, enabling developers to deploy existing Solidity smart contracts without the need for rewriting or reconfiguring. It offers a complete set of Web3 RPC endpoints, allowing the connection of popular tools like MetaMask, Hardhat, Waffle, Remix, Truffle, Web3.Js, and Ethers.Js. Furthermore, it utilizes Ethereum’s H160 accounts & ECDSA signatures, extending the reach of its network to the most integrations on Polkadot.

Expanding Blockchain Boundaries

Moonbeam plays a critical role in the fundamental analysis of the Moonbeam cryptocurrency, providing not only an Ethereum-based platform but also connecting Polkadot Parachains with other chains such as Ethereum and Bitcoin via bridges. This blockchain integration fosters seamless workload sharing on a new layer, enabling developers with Solidity or Vyper-based smart contracts to extend into the Polkadot ecosystem.

Moonbeam: A Solution to Ethereum’s Scalability Challenges

Moonbeam presents a significant opportunity for Ethereum developers, who form the majority of the existing blockchain developers. By tapping into Moonbeam’s network, they can bypass the scalability issues associated with the Ethereum network. This makes Moonbeam an optimal platform for porting existing Ethereum DApps to Polkadot, creating new permissionless decentralized applications (dApps), and ensuring minimal change when moving front-end dApps between chains.

Where Can You Buy Moonbeam – GLMR?

GLMR can be purchased on cryptocurrency exchanges such as Binance,   Kucoin  and   Gate.io.

All you need to do is create a  free account on any of these exchanges and start trading.

fundamental-analysis-of-the-moonbeam-cryptocurrency

Moonbeam - GLMR performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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