The GLMR token is an interesting asset within the crypto market as it holds much potential. The Moonbeam network lets developers access a platform for their dApps with all the benefits that Ethereum has to offer, minus the high transaction fees and energy consumption levels of its proof of work consensus mechanism. Moonbeam benefits due to its proof of stake consensus, which lets dApps run on infrastructure that consumes very little energy to operate. In addition, gas fees on the Moonbeam platform and the underlying Polkadot network are a fraction of those in Ethereum. In addition, Moonbeam promises additional features such as cross-chain integrations, letting dApps and projects gain access to multiple blockchain ecosystems and achieve far higher levels of scalability than is possible on the Ethereum network. For these reasons, we could very well see the adoption of Moonbeam’s ecosystem increase among dApps and their users, which could have a positive impact on GLMR price statistics.The GLMR price and market cap can also see quite an uptick as long as the market sentiment towards cryptocurrencies, in general, remains positive, sending the overall crypto market cap higher as well. As a promising ecosystem for Web 3.0 applications with easy-to-use tooling, Moonbeam could see higher levels of interest from developers to redeploy Solidity projects with minimal changes on it, which in turn can drive up the Moonbeam price.