Moonbeam has been down 5.24% in the last 24 hours.
GLMR has been consolidating for a prolonged period.
Recently, Moonbeam, the multi-chain application center on Polkadot, announced an integration with the privacy-oriented Calamari parachain and the availability of Manta’s native Calamari token, KMA.
According to Moonriver, Calamari will be placed as xcKMA coins in the Kusama network and will be utilized to lure new people into the network using Ethereum-style addresses and wallets.
Recent Multiple Developments
Calamari’s integration with Moonriver is a significant step in expanding Moonriver’s and the larger Kusama ecosystem’s privacy options and capabilities. Calamari, the on-chain privacy platform, acts as an early, experimental version of the Polkadot network’s parachain Manta Network.
Last week, Boba Network, a scaling solution for Ethereum’s Layer 2 network, branched out into Fantom and Moonbeam, two more Ethereum-compatible chains. With Boba Network, a Layer 2 solution, transactions on the Layer 1 network may be completed more quickly and at a lower cost thanks to Optimistic Rollups, an off-chain computing layer. Boba has previously only existed on the Ethereum blockchain. Despite this, the company has opted to go multi-chain by adding two more networks.
Moreover, DeFi platform Uniswap announced last month that it would go live on Gnosis Chain and Moonbeam Network, two additional blockchains. Gnosis and Moonbeam’s governance token holders voted almost unanimously last week to establish on Uniswap.
Furthermore, GLMR has been consolidating for a prolonged period, and the recent developments might help the price break out and start a robust bullish rally. Lark Davis, a crypto expert, recently tweeted that GLMR will skyrocket in the next Bull Run. According to CMC, the Moonbeam price today is $1.24 USD with a 24-hour trading volume of $21,013,186 USD. Moonbeam has been down 5.24% in the last 24 hours.