What is Moonriver (movr)?

(MOVR) The Moonbeam Foundation created Moonriver to be an Ethereum-compatible blockchain environment on the Kusama (KSM) network. Moonriver is intended to operate on Kusama as a parachain, helping crypto projects expand their reach to new users and markets with a multi-chain approach.

What is Moonriver blockchain?

Moonriver is an Ethereum -compatible, smart contract parachain on the Kusama network, built using Substrate and almost the same codebase by the same team behind Polkadot. It was intended to be an experimental blockchain platform designed to provide an interoperable and scalable framework for developers. Read: What Are Parachains?

What is Moonriver's native cryptocurrency?

Moonriver’s native cryptocurrency, MOVR, should play a key role in maintaining and operating the Moonriver network. It is expected to be used for paying transaction fees, supporting smart contract execution, incentivizing collators for producing blocks to support the network, and facilitating Moonriver’s on-chain governance mechanism.

Will Moonriver (movr) hit $500 in the near future?

Whether Moonriver (MOVR) will hit $500 in the near future depends on a lot of factors. The bearish market started at the end of the first week of September, as Bitcoin fell, taking the entire crypto market down with it. The MOVR token, however, seemed unscathed as it reached an all time high of $448.50 about two days ago.