Moonriver (MOVR)
Moonriver is a smart-contract blockchain on Kusama that strives to provide compatibility with the existing Ethereum developer toolchain and network. 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 Moonriver 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.
1. MOVR Basic Info
| Symbol | MOVR |
| Name | Moonriver |
| Web Site | https://moonbeamnetwork/networks/moonriver/ |
| Wallet | -- |
| Source | -- |
| Explorer | https://blockscout.moonriver.moonbeam.network/ |
| Forum | -- |
| Mining | |
| Supply | 10941549 |
| Available Supply | 9500950 |
| Market Cap | 53167316.2 |
| White Paper | -- |
| Is ICO | None |
| Raised Funds | - |
| Distribution | - |
| Algorithm | -- |
| Proof | -- |
| Total | 10941549 |
| Release Date | 2021-08-27 |
2. MOVR Technical Info
2.1 MOVR Kline Chart Price
2.2 MOVR Technical Analysis
The asset is currently experiencing a period of consolidation after a significant downtrend. The recent price action suggests a potential short-term bullish reversal, but with considerable volatility remaining.
Near-term, anticipate a possible further decline to test the support level around 5.50, potentially followed by a rebound to the 5.80-6.00 range. However, due to the high volatility, there s a possibility of price swings and false breakouts.
In the mid-term, if the support level holds, a more sustained upward movement towards 6.60-6.80 could be likely, and potentially even higher to 7.00. Conversely, a break below the support level would likely lead to further declines, potentially reaching 5.00.
In the long term, the asset s future depends on the resolution of current consolidation pattern and the overall market sentiment.
