Can Moonbeam reach $100?Moonbeam Price Prediction 2023-2030
Latest Moonbeam Price
Moonbeam Price Performance So Far
|Last 7 Days||+33.4%|
|Last 1 Month||+45.1%|
|Last 12 Months||-28.7%|
|Since Launch (2022)||-97.5%|
Latest Moonbeam News
- The Moonbeam Network has announced a new milestone in real-world asset (RWA) adoption by integrating $BRZ, a stablecoin pegged to the Brazilian Real, onto its platform through a partnership with Transfero Group, a leader in asset tokenization in Latin America. Transfero has also set up a Uniswap V3 liquidity pool for $BRZ using the Okutrade front-end, allowing for on-chain swapping and transfer of $BRZ as an XC-20 token, which is ready for cross-chain operations. This makes the Brazilian Real the second RWA currency to be tokenized as an XC-20 token within the Moonbeam ecosystem, following the inclusion of USD-pegged assets.
- In the October 2023 edition of Moonbeam Monthly Dispatch, the Moonbeam Team highlights the ongoing success of the Moonbeam Ignite program with grants allocated for enhancing liquidity on the platform. The Moonbeam Ignite X Spaces event provided insights from various teams, and the Moonbeam Ignite Ecosystem Tour, in collaboration with Bifrost, Moonwell, and Beamswap, offered an educational journey through the Moonbeam DeFi ecosystem, complete with a chance to win a share of a 1700 USDC prize pool.
- Significant developments in governance are emphasized, with 99 million DOT tokens unlocked for Polkadot DeFi use on Moonbeam, improvements to Moonbeam’s governance that allow for delegated voting across multiple tracks, and an extension of the current council term to foster more community-driven governance. Additionally, the return of the Lunar Gaming Festival and Moonbeam’s successful acquisition of a new parachain slot ensures its sustained presence in the ecosystem.
- The ecosystem continues to expand with over 300 integrations. Noteworthy updates include Bifrost Finance’s liquid staking on Moonbeam and Moonriver, FiDI’s mobile app for Moonbeam asset analytics, and multiple new platform support for Moonbeam including UpBit Korea and BitMex. The community remains actively involved with initiatives like the Zealy engagement and the Ambassador Dashboard Revamp, and Moonbeam continues to garner attention with reports from Electric Capital and Messari, and announcements like the integration of Uniswap V3 and partnerships with OriginTrail Parachain and Interlay for routed liquidity.
Moonbeam Price Prediction Today, Tomorrow and Week
- Moonbeam Price Prediction in the next 24 hours is between $0.335 and $0.340
- Moonbeam Price Prediction this week is between $0.282 and $0.376
|Overall Outlook||Partially Bearish|
|1. Market's Wisdom||Partially Bullish|
|1a. Market Data||Neutral|
|1b. Technical Recommendation||Buy|
|2. Crowd's Wisdom||Bearish|
|2a. Social Media Buzz||Lower|
|2b. Social Media Sentiment||Lower|
Moonbeam Price Prediction 2023, 2025 and 2030 (Aggregated)
- Moonbeam Price Prediction 2023 is $0.342
- Moonbeam Price Prediction 2024 is $0.536
- Moonbeam Price Prediction 2025 is $0.736
- Moonbeam Price Prediction 2026 is $1.04
- Moonbeam Price Prediction 2027 is $1.43
- Moonbeam Price Prediction 2028 is $2.03
- Moonbeam Price Prediction 2029 is $3.03
- Moonbeam Price Prediction 2030 is $4.33
Can Moonbeam reach $100?
In order for Moonbeam to reach $100, it would need to increase by a factor of 401. At $100, Moonbeam’s Market Cap will be $74.5 Billion. If Moonbeam were to grow at a rate of 25% each year, it would take about 26 years to reach $100. Let us evaluate this data
- Quality of Investment- Poor
- Growth required to reach $100- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
- Market Cap at $100- Partially Feasible
- Time required to reach $100 if Moonbeam were to rise at 25% per annum- Not Feasible
Considering the criteria Quality of Investment, growth required, and time required, Moonbeam has a very low chance of reaching $100.
Moonbeam Price Prediction: Is Moonbeam a Good Investment?
Moonbeam is a platform that aims to simplify the integration of Ethereum-based applications into the Polkadot ecosystem.
Moonbeam’s Unique Selling Propositions
- Moonbeam lowers the barrier for Ethereum developers to tap into the Polkadot ecosystem without having to learn a new programming language means that it has a large potential user base.
- Moonbeam’s unique selling proposition is its ability to provide an Ethereum-like environment on Polkadot. This means that developers can port their existing Ethereum dApps to Moonbeam with minimal changes. This is a significant advantage, as it reduces the barrier to entry for developers and makes it easier for them to tap into the Polkadot ecosystem.
- Moonbeam’s smart contracts are fully compatible with the Ethereum Virtual Machine (EVM). This means that they can interact with other Ethereum-based dApps and platforms.
Foundry is an Ethereum development environment, to deploy to Moonbeam. Foundry, written in Rust, allows developers to manage dependencies, compile projects, test and deploy contracts, and interact with blockchains from the command line. It can also be used with Solidity and directly interacts with Moonbeam’s Ethereum API, making it possible to deploy smart contracts into Moonbeam or Moonriver.
Foundry is comprised of four tools:
- Forge, which is akin to Truffle and Hardhat, is a framework for compiling, testing, and deploying smart contracts.
- Cast is a command-line interface used for interacting with contracts.
- Anvil acts as a local TestNet node for development that can clone pre-existing networks.
- Chisel is a Solidity REPL for quickly testing Solidity snippets.
Moonbeam’s Competitive Landscape
Moonbeam’s closest competitors are platforms that also focus on facilitating cross-chain compatibility and providing Ethereum-like environments for developers.
- Cosmos has a similar vision of inter-blockchain communication.
- A more direct competitor could be Astar (formerly known as Plasm), another project on the Polkadot network, which also aims to support Ethereum-compatible smart contracts.
In June, Moonbeam Network launched Moonbeam Routed Liquidity (MRL), a process that introduces liquidity to the Polkadot ecosystem by enabling the transfer of assets from various external ecosystems to Polkadot parachains. MRL is powered by ERC-20 tokens created in Moonbeam’s Ethereum Virtual Machine, which can be moved to different parachains via the Cross-Consensus Message protocol. With MRL, liquidity can be routed from any connected chain in any ecosystem to any Polkadot parachain that communicates with Moonbeam. It uses new assets called XC-20s that are natively cross-chain ready, facilitating the transfer of assets across chains.
Overall, Moonbeam appears to be a Poor Investment.
Where to Buy?
- Kraken – Kraken is a well-known cryptocurrency exchange where users may buy, sell, and trade a variety of cryptocurrencies. It provides a diverse selection of trading pairs and services, including as spot trading, margin trading, and futures trading. Kraken is well-known for its strong security measures, great liquidity, and sophisticated trading tools. A user-friendly UI and 24/7 customer help round out the exchange’s flawless user experience.
- KuCoin – KuCoin is a global cryptocurrency exchange where users may buy, sell, and trade various cryptocurrencies. It provides an easy-to-use trading platform with extensive features like as spot trading, futures trading, staking, and lending. KuCoin supports a wide range of cryptocurrencies, including well-known coins like as Bitcoin, Ethereum, and Litecoin, as well as several lesser-known coins. The exchange is well-known for its stringent security features, which include multi-factor authentication, cold storage for money, and a strong risk management system.
- ByBit – Bybit is a prominent cryptocurrency derivatives exchange where users may trade a wide range of crypto-based goods such as perpetual contracts and futures contracts. It provides traders with a user-friendly trading interface, complex order types, and leverage options. Bybit accepts major cryptocurrencies such as Bitcoin, Ethereum, and others and offers advantages such as high liquidity, strong security, and 24/7 customer support.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view of the likely trends in the Index or Individual Cryptos. Please consult a registered investment advisor to guide you on your financial decisions.