Moonriver Price Prediction: In the realm of cryptocurrency, the potential approval of spot Bitcoin Exchange Traded Funds (ETFs) not only pushing the price of Bitcoin (BTC) but also other altcoins. Amid this, Moonriver (MOVR) gained huge attention because of its impressive performance in the last 7 days. If you see the number of %tage of price momentum you’ll be amazed as MOVR surged over 400% in this period.
So, read till the end you will learn more about MOVR, what is it, its use cases, its fundamental analysis, and many more things like Moonriver price prediction. Let’s begin.
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What is the Moonriver (MOVR) token?
Moonriver gained humongous attention from the crypto community because of its performance, but let’s see what is it. Moonriver (MOVR) is a test server for several Ethereum-compatible projects and is also based on the Kusama platform. Kusama is quite similar to the Polkadot and Moonbeam networks but is like a flexible network for different blockchains.
Moonriver’s technology is very helpful for developers, who can retest their code with real value on the Moonriver platform. If the program goes well and runs smoothly, they can directly use their code over the Moonbeam on Polkadot.
This process of running code on Moonriver becomes smooth because it is compatible with Ethereum’s programming language and tools. It uses a similar language to these networks which helps developers to deploy their code on Moonriver and they can use their code further without lots of changes.
Features of Moonriver (MOVR)
There are several features that Moonriver offers to its holders which include:
Staking: With this amazing feature Moonriver holders can stake their MOVR tokens on the network which is a minimum of 5 MOVR. After staking the rewards are distributed between collator and nominators. However, the rewards distributed to the collators are fixed at 20% of the annual inflation rate.
Treasury: Moonriver community has a treasury department that funds the approved web3 project. These funds are collected from the network’s transaction fees and support the unique ideas that are approved by the governance council.
Governance: The MOVR token holders also have a right to participate in the decision-making event or they can also suggest or make their point of view over certain things.
MOVR token Use Cases
There are several use cases of Moonriver MOVR token on the platform, which include:
- MOVR tokens are used as transaction fees.
- MOVR token holders have the authority to participate in the governance and propose the future of the network with the help of voting.
- MOVR tokens also encourage and support the decentralized node on the Mooneriver network.
- To facilitate the gas metering function of the smart contract execution.
How to Buy a MOVR token?
Before directly jumping on to Moonriver price prediction, you need to check how to buy a MOVR token. There are several exchanges through which you can easily purchase this rapidly surging MOVR token.
This process will hardly take 30 minutes to 1 day time periods, so let’s begin.
Step 1: Cryptocurrency Exchanges comparing
Several cryptocurrency exchanges across the globe facilitate MOVR tokens for trading. But you need to check certain things like legit cryptocurrency exchanges, sufficient liquidity (So that you can easily buy and sell), payment acceptance, and your country’s approval (As many countries across the globe restrict certain cryptocurrency exchanges).
Step 2: Open or Create an account on a trusted cryptocurrency Exchanges
Once you have gone through all the comparing processes you need to create an account, which includes Address proof, Personal ID, as well as email and mobile verification.
Step 3: Add Payment Method
You are looking for a MOVR token to add to your wallet which needs payment, and here you have to add method methods like Debit cards, Credit cards, UPI, wire transfer, or BTC.
Step 4: Make a deposit
Once you added the payment method, you have to add funds using the above payment method. Now you are ready to buy the most awaited MOVR token.
These are a few simple steps to easily buy the Moonriver token or MOVR token.
Where to buy Moonriver Tokens?
There are many cryptocurrency exchanges through which you can easily buy Moonriver tokens, by following the above steps. These are
- Uphold
- KuCoin
- Binance
- HTX Global
Moonriver Technical Analysis
Before going to Moonriver price prediction first thing we have to do is MOVR token price technical analysis. With the help of Moonrive technical analysis, we can easily make a MOVR price prediction.
Currently, Moonriver is trading near $31.14 and in the last 24 hours, the MOVR price experienced a notable 13.42% downside momentum. This price decline is just because of its price correction, as in the last 7 trading days its price surged more than 400% of upside momentum from $6.3 to $33.89.
Recently, it had taken a resistance from the $44.66 level which is a strong hurdle for the MOVR token, on thing positive thing that might attract investors is its recent breakout of the $19.4 level and trading above the 200 Exponential Moving Average (EMA).
But at the time of press, it is experiencing price correction and it might come to retest its support level which is there at $19.4. In addition, if the MOVR token experiences upside momentum and gives a breakout of the $44.6 level then we may experience a price surge to the $94.5 level. However, the MOVR token’s all-time high is $540, and if we compare its current price to ATH there is a huge difference. This current MOVR price surge might be because of
Moonriver Tokenomics
Market Capitalization – $269 million
Circulating Supply – 87 million
Total Supply – 111 million
Maximum Supply – Infinite
Fully Diluted Market Cap – $344 million
Moonriver Price Prediction
This Moonriver price prediction is based on technical analysis, with the help of the latest technical indicator, and even with the help of data modeling algorithms. It is also important to understand that most of the time these price predictions don’t work but this price prediction will only provide you an idea of MOVR tokens.
Price prediction of any crypto doesn’t work in the realm of cryptocurrency because of huge volatility and a small piece of news either makes your holding pump or dump. So, traders or investors need to do their research with the help of a white paper or blog on the internet or through any other medium. However, if you find any good crypto make sure to do your risk management while purchasing any cryptocurrency.
Moonriver Price Prediction 2024
Moonriver price prediction for 2024: According to the expert’s technical analysis and price prediction the minimum level that MOVR token will experience in 2024 will be near $18. However, the maximum price that the MOVR token might reach in 2024 will be $21, and on average we can see the in-between $19-$20.
Moonriver Price Prediction 2025
Moonriver price prediction for 2025: According to the expert’s technical analysis and price prediction the minimum level that MOVR token will experience in 2025 will be near $25. However, the maximum price that the MOVR token might reach in 2025 will be $30, and on average we can see the in-between $27.5.
Moonriver Price Prediction 2028
Moonriver price prediction for 2028: According to the expert’s technical analysis and price prediction the minimum level that the MOVR token will experience in 2028 will be near $38. However, the maximum price that the MOVR token might reach in 2024 will be $48 price, and on average we can see the in-between $43.
Moonriver Price Prediction 2030
Moonriver price prediction for 2024: According to the expert’s technical analysis and price prediction the minimum level that the MOVR token will experience in 2024 will be near $79. However, the maximum price that the MOVR token might reach in 2030 will be $88, and on average we can see the in-between $79.
Conclusion:
In this rapidly surging cryptocurrency landscape, the price prediction for any token is very challenging. However, recently Moonriver experienced a significant price surge which is the main reason everyone is looking for Moonriver price prediction. Additionally, this price prediction is only for educational purposes don’t take it as a true value do your research before entering into it.
