What is MoonSwap?
MoonSwap newest entrant into DeFi that claim to have next generation protocol for decentralized exchange, higher throughput and 0 gas fees. project follow NomiChef vision to introduced layer 2 solution for Ethereum. In current situation, Ethereum gas fees become higher and higher because of high demand in ETH for staking and LP. Moonswap expected to bring more surprises it can fetch 6k transaction per second with maintaining speed and nearly zero transaction speed.
In order to achieve speed and low gas fee architecture, Moonswap took help from ConFlux Protocol. however, Conflux Network that based on open protocol that aim to fast and secure public blockchain by adopting PoW and tree-graph structure. Conflux integration will help moonswap to resolve problem like transaction failure and use of 400GWEI. it simply gives high speed experience automated market maker with cross-chain asset support.
MoonSwap followed universe theme, where community will be called as crew on enterprise, as enterprise explore and connect with blockchain universe that include lot of blockchain planet. For front end MoonSwap used SushiSwap front-end design with multiple incentive model for liquidity providers. As we NomiChef is same developer who created most controversial coin i.e. SushiSwap.
MoonSwap Price Prediction
|Month & Year||MoonSwap Price Prediction|
Moon Swap Overview
|Project name||Moon Swap|
|Based on||Layer 2 Solution DeFi|
|All-time high||$1.50 USD|
Moon Price Analysis
$MOON is ERC20 based Token on Ethereum Blockchain used by MoonSwap ecosystem. Moon Coin after listing was traded at average price of $0.000341 and being consistent to reach $0.000279 USD in 10 days. As of writing, Moon Coin since 22nd September 2020 is no. 1 coin in list of highest gainer list on CMC. So, consider initial price to all time highest price i.e. $1.50 USD it almost hiked by 898103.59% and this is may be highest hike % of September 2020. MoonSwap gained attention from investor and expected to get more raking boost in future. Platform enable multiple incentive after user become MoonSwap LP they can earn Moon from transaction fees, earn fc, token partner. However, when community started growing then new incentives program will announced.
Will Moon Reach $10 USD?
Yes, may in 2021.
Is MoonSwap a Good Investment?
Do your own research before investment in DeFi.
Compound who started DeFi trend and now everywhere in crypto community, we seeing different new project launching. new DeFi project coming with different theme like dishes, fruits and fast-food other food to create catchy front-end experience along with trying to provide higher APY for user. as most of decentralized project built on Ethereum Blockchain and also ETH is most used token for staking and swapping with different token. however, Ethereum 2.0 expected to solve all this scalability and gas fee problem but it can take more time, so moonSwap with solution may have good run DeFi market. It already gained huge response from investor after it crossed $10 million USD worth Token added for LP or Staking.