GLMR Crypto – Why Moonbeam is Dropping and the Best Alternatives to Buy
The Moonbeam crypto (GLMR) is a smart contract that allows developers to build dApps on the existing blockchain. GLMR exhibits high volatility compared to most altcoins, as its price has been falling recently. It has gone from a high of $11 to a low of $0.327069. Research also reveals that Moonbeam is 99.92% lower than the predicted all-time high of $437.07.
Even though GLMR has shown inconsistency and downfall over time, it has little or no effect on the general crypto market’s stability. Crypto projects like Dash 2 Trade, RobotEra, IMPT, and Calvaria are known as better alternatives to the Moonbeam cryptocurrency. The adoption rate of these cryptocurrencies is also rising as their market values keep increasing.
Why Moonbeam Market Price is Dropping
The first fall of Moonbeam happened during the Russian invasion of Ukraine. This caused many investors to panic, which affected the crypto market rate. Even though Moonbeam seemed to bounce back after the fall, it never stayed long.
Moonbeam was greatly affected by many other cryptocurrencies. Due to its small community base, market sentiments play a massive role in determining Moonbeam’s price. Thus, competitors use contrary options to talk down on cryptocurrency. This was displayed when the Chinese government banned crypto in April 2022.
Activities on other crypto platforms also affected the Moonbeam market price, including canceled withdrawals on the Celsius platform and LUNA’s downfall. Even the Moonbeam development team is concerned that the GLMR token is not freely traded as expected. Since this is the current state of Moonbeam, investors and crypto traders are encouraged to explore other options.
Here are Better Alternatives to the Moonbeam Coin
The coins highlighted below are recommended based on their present and predicted future performance. Experts believe these cryptocurrencies will outshine other altcoins before the next five years. Thus, the best decision for an informed investor is to buy at a lower price now and sell for more profits in the future.
Dash 2 Trade (D2T)
Tracking crypto updates and introduced features may take a lot of work as the crypto community continually grows. Fortunately, Dash 2 Trade will provide users with social trading tools and metrics to access relevant information. Users can also access relevant data that will contribute to their decision-making. Thus, investors will be more aware of the risk involved in a project before investing their money.
Users can trust the credibility of every project on the Dash 2 Trade ecosystem. This is because Dash 2 Trade uses a unique scoring tool to confirm the authenticity of a project. The scoring criteria include; project credentials, audition from regulatory bodies, and the token’s tokenomics.
Users can also create an independent trading method via the strategy builder. This will boost your performance while engaging in competitive trading on the platform. Meanwhile, the Dash 2 Trade team will keep improving its features to promote and establish the ecosystem. Hence, it is almost certain that the D2T market price will keep growing.
RobotEra is a crypto project that is mainly focused on game development. The vast ecosystem allows users to own virtual assets and place them on sale. The reward can also be converted into NFT or RobotEra native token, TARO. This concept will also encourage more game enthusiasts to explore their creative interests.
The RobotEra metaverse aims to build a virtual space where users can create their world. The planet will allow land, museums, parks, and art galleries. RobotEra will also make a solid social media presence, where the audiences will be encouraged to partake in NFT collections. With these features, RobotEra is going to stand the test of time.
IMPT is also known as a better alternative to Moonbeam, not only because of its eco-friendly but also its outstanding presales results. If IMPT could pull a huge sales record before enlisting on an exchange, an excellent future performance is well guaranteed. However, early investors will benefit from the future growth better since they bought the IMPT token at a lower price.
The concern for the green environment keeps increasing as years pass by. This can also play a massive role in the adoption rate of green cryptocurrencies. IMPT gives eco-conscious individuals a way to combat the carbon crisis through cryptocurrencies. Entities can also join in the cause by updating their online and offline store on the IMPT ecosystem.
IMPT will keep growing in strength as users are also rewarded with NFTs. The NFTs’ reward is to ensure transparency and minimize double-counting scenarios on the IMPT blockchain. Users can be connected without fearing data leakage.
Calvaria introduces a new Play2Earn gaming method known as the Duels of Eternity. The primary aim of this project is to encourage non-crypto users to come on board. This implies they are eligible for crypto benefits without using blockchain technology.
If Calvaria successfully expands its community into non-crypto individuals, it will strengthen its market reaction. This is because the market sentiments will be primarily positive, increasing the token’s demand. The higher the request, the higher the token supply and market price.
Calvaria will grow massively when the team lists it on reputable exchanges. This will place no barrier on purchasing the native token, RIA. Every investor should consider buying the RIA token now, as they have more chances of selling higher in the future.
Experts believe that the reason why opposing sentiments greatly influence Moonbeam is the lack of innovative features. Instead of buying a coin with high market uncertainties, D2T, TARO, IMPT, and RIA, are better alternatives. As discussed earlier, these coins are currently leading the crypto market as they launch new features into the ecosystem. Therefore, investors looking for long-term gains should hop on these cryptos now before they skyrocket.