Moonbeam Token ‘GLMR’ Surges by 50% Following Upbit Listing

Moonbeam‘s native token, GLMR, spiked by nearly 50% in the last 24 hours following the South Korean crypto exchange, Upbit, adding the crypto coin to its exchange.

Before Upbit’s announcement, GLMR remained underneath the $0.2 threshold for an extended period. Within just 24 hours, the token has witnessed a remarkable surge of 46.70%, scaling a new pinnacle at $0.2456.Consequently, GLMR’s market capitalization has soared by 46.88%, surpassing the $180 million mark, as per CoinMarketCap (at this time of writing).

Moonbeam functions on the Polkadot (DOT) blockchain network with a clear mission since day dot — to supply a seamless smart contract platform. Within its ecosystem, GLMR serves a variety of duties, including facilitating staking and transaction fees.

Earlier, Upbit announced on Twitter that it has listed GLMR on its exchange, with a GLMR/BTC trading pair poised to launch later today, on September 25.

Upbit is a centralized cryptocurrency exchange established in 2017. As of now, it leverages 192 different cryptocurrencies alongside 305 trading pairs.

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