Moonbeam (GLMR) experienced a 6.1% decrease in its value against the US dollar over the 24-hour period ending at 8:00 AM Eastern on February 1st. The cryptocurrency’s market capitalization currently stands at $18.41 million. Trading volume for Moonbeam in the past day reached approximately $2.99 million.
Over the past week, Moonbeam has seen a total decline of 15.8% in its price. This downward trend reflects recent market movements impacting the token’s valuation.
**Why this matters**
Market capitalization and trading volume are key indicators of a cryptocurrency’s market activity and investor interest. The recent decline in Moonbeam’s price and market cap may influence trader sentiment and could affect future investment decisions. Monitoring these trends helps stakeholders assess the token’s performance within the broader crypto market.
Source: NewsData