Moonriver has attracted dozens of projects to build on it due to the Ethereum-like design and developer-friendly approach.
Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. New code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on Polkadot. It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonriver to existing Ethereum networks. This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonriver with minimal changes. This has led to an increase in MOVR price.
Sister Parachain on Kusama
Moonriver is a companion network to Moonbeam and provides a permanently incentivized canary network. New code ships to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code ships to Moonbeam on Polkadot.
Community-Led
Community members will own a majority of the MOVR tokens on the network, giving them considerable control over the direction of the network.
Independent Network
While Moonbeam code launches to Moonriver first, the network will continue to live on as a parachain on Kusama, with its own projects and specialized use cases.
Unified Accounts, Addresses, and Signatures
Use your existing Ethereum-like H160 accounts & ECDSA signatures to interact with Moonriver.
Use Existing Tools and DApp Front-Ends
Connect popular tools like MetaMask, Hardhat, Waffle, Remix, and Truffle via a complete set of Web3 RPC endpoints. Use well-known JavaScript libraries, such as Web3.Js or Ethers.Js.
Deploy with Minimal Changes
If you have an existing contract, it will work right away with no need to rewrite or reconfigure.
Use Familiar Programming Languages
Write smart contracts in Solidity or anything that compiles to Solidity bytecode.
Let us review MOVR Price.
MOVR Price Prediction
MOVR is currently trading above the support of $230. If it can stay above this support, we could start seeing a move towards $296, $337, $370, $406, $451 and $511. If the resistance at $511 gets cleared, we could start seeing a move towards $684 and $965. Failure to hold the support at $230 could lead to a drop towards $204 and $186.
Join us on Telegram to receive free trading signals.
For more information on cryptocurrency, visit the Altcoin Buzz YouTube channel.
Images courtesy of TradingView.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinons relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.