Moonriver Price Prediction: 2024, 2025, 2030
Moonriver’s price at the same time last week was $14.23. It has moved by -9.37 % in the past week and is currently at $14.40. Infact, in the past 24 hours, MOVR has dumped by -4.00 %. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and MOVR could hit $74.18 in 2025.
The total circulating supply of Moonriver as of writing this article was $8,957,706 and the marketcap of MOVR remains at $129,137,155
Disclaimer
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
About Moonriver
Moonriver (MOVR): An overview
Source: Moonbeam.network
Moonriver (MOVR) is a prominent smart contract blockchain platform that operates as a sister network to Moonbeam. It is specifically designed for the Kusama (KSM) network, which itself is a canary network for Polkadot (DOT).
The platform aims to be a developer-friendly environment, emphasizing compatibility with the established Ethereum (ETH) network. This compatibility enables developers to deploy existing Ethereum decentralized applications (dApps) and smart contracts on Moonriver with minimal changes. The feature significantly reduces the barrier to entry, fostering a multi-chain environment.
This platform has an active set of 72 collators and infrastructure providers offering API endpoints. It also provides options for developers to run private nodes for enhanced control. Moonriver focuses on community engagement and decentralization, aiming to offer a balanced platform for various blockchain applications, including decentralized finance (DeFi) and non-fungible tokens (NFTs).
Its commitment to an accessible developer experience and interoperability via Kusama ensures a competitive edge for next-generation dApps, all while offering lower costs and higher throughput than the Ethereum mainnet.
Some of the important metrics, particularly focusing on general network performance, are as follows:
- The minimum gas price on the Moonriver network is set at 1.25 GWEI.
- The expected block time is around 12 seconds, though it is intended to decrease to around six seconds eventually.
- Initially set at 15,000,000, there is an expectation that the block gas limit will increase by at least four times.
- The current transaction gas limit is 12,995,000, with an anticipated increase of at least four times.
MOVR token
Source: Moonbeam.network
The MOVR token is fundamental to the Moonriver network, serving as the linchpin in its decentralized smart contract platform. It performs the following functions in the network:
- Gas metering: MOVR is used for gas metering, the process of accounting for the computational work required to execute operations on the network. This mechanism prevents spam on the network and ensures resources are allocated efficiently.
- Incentivizing collators: The token is integral in creating and maintaining a decentralized node infrastructure. By incentivizing node operators (collators) with MOVR rewards, the network ensures that its infrastructure remains robust, distributed, and capable of supporting the dApps it hosts.
- On-chain governance: MOVR tokens empower holders to participate in Moonriver’s on-chain governance process. This includes proposing referenda, electing council members, and voting on various decisions that shape the future of the network.
- Transaction fees: The token is also used to pay for transaction fees on the network. This includes fees for sending tokens, executing smart contracts, and conducting other types of transactions.
Supply and distribution
The total initial supply of MOVR tokens was 10 million at the network launch, with various allocations tailored to different aspects of the network's growth and sustainability.
- 30% of the tokens were allocated for the parachain crowdloan.
- 40% was reserved for future Kusama parachain slots and community initiatives, including liquidity incentives and strategic rewards.
- 0.5% was set to ensure ongoing parachain participation in the Kusama network, with the reserve growing over time to support perpetual occupancy.
- 0.5% was managed on-chain for various network needs and community-approved proposals, with governance through MOVR token-weighted voting.
- Controlled by the Moonbeam Foundation, 24.5% of tokens were kept for network adoption, grants, ecosystem development, and other long-term needs.
- 4.5% was aimed at supporting developers with immediate needs, including tooling and resources, through the Moonbeam developer adoption program.
The Moonriver network is designed with a target of 5% annual inflation to sustain and incentivize various aspects of the ecosystem. It follows the given allocation format:
- 1% of the annual inflation is dedicated to rewarding collators.
- 1.5% of the inflation is allocated to the parachain bond reserve.
- The remaining 2.5% serves as an incentive for users who stake their MOVR tokens.
Of the transaction fees collected, 80% are burned, effectively removing them from the total supply. This mechanism serves as a deflationary counterbalance to the inflation rate, potentially reducing the total circulating supply over time and creating scarcity. The remaining 20% of transaction fees are allocated to the network's treasury.
Token denominations
MOVR, like ETH, uses "Wei" as its smallest unit. This granularity allows for precise transaction values, which is especially important in the context of fees and microtransactions. The various denominations are outlined as follows:
- Wei: The base unit, with 1 Wei being 0.000000000000000001 MOVR.
- Kilowei: Equal to 1,000 Wei or 0.000000000000001 MOVR.
- Megawei: Consists of 1,000,000 Wei or 0.000000000001 MOVR.
- Gigawei: Comprises 1,000,000,000 Wei or 0.000000001 MOVR.
- Micromoonriver: Equivalent to 1,000,000,000,000 Wei or 0.000001 MOVR.
- Millimoonriver: Worth 1,000,000,000,000,000 Wei or 0.001 MOVR.
- Moonriver: The standard unit, with 1 MOVR being 1,000,000,000,000,000,000 Wei.
- Kilomoonriver: A larger denomination, where 1,000 MOVR equals 1,000,000,000,000,000,000,000 Wei.
History of Moonriver
Source: Moonbeam.network
Moonriver was created by the PureStake team. The network launched on the Kusama network as a parachain in June 2021 after winning a parachain slot through a crowd loan and auction process. Following this deployment, Moonriver then moved forward with its full launch in January 2022, marking the completion of its rollout and the beginning of its availability for broader public use and development activities.
Apart from Moonriver, there are two more network deployments, each serving specific purposes and audiences.
- Moonbeam: Moonbeam is the primary deployment on Polkadot, designed to serve as a fully interoperable and Ethereum-compatible environment. This targets more stable and permanent operations for serious production use, emphasizing security, robustness, and integration with the Polkadot ecosystem. It was launched in December 2021.
- Moonbase Alpha: Moonbase Alpha serves as the testnet for both Moonbeam and Moonriver, allowing developers to test and experiment with new features and applications in a risk-free environment. It was deployed in September 2020.
The strategy behind having multiple deployments is to de-risk software upgrades to the Moonbeam network on Polkadot's mainnet while maintaining a high update velocity. This tiered approach allows for a robust development and deployment pipeline.
MOVR Price Analysis
On the weekly chart, MOVR displayed a predominantly bearish trend, reflecting a challenging year for the asset. Initially, MOVR faced a stark rejection at a resistance level of $11.76, which marked the onset of a downtrend.
MOVR weekly chart
Attempts to stabilize at the support of $6.45 between May and June were thwarted by persistent bearish momentum, culminating in a further drop below this critical support. The relentless sell-offs dragged the price down to its lowest support level at $3.82 in September. Despite the ongoing adversities, the bulls exhibited resilience in defending this crucial support, forestalling further downward spirals.
As the calendar turned to late October, a noticeable shift occurred. A resurgence in buying pressure initiated a recovery phase, propelling MOVR past the previous resistance of $6.45 by late November.
December marked a significant turning point with an aggressive surge, pushing the token to its peak resistance at $38.26 for the year. This surge in December was partly attributed to the broader interest and upward movement in Polkadot and Kusama blockchains (as evidenced by gains in DOT and KSM), suggesting a responsive market sentiment to the ecosystem's success.
Although this high was followed by a slight retracement, the token managed to exchange hands at $27.65 at the time of writing, suggesting a newfound stability.
The trading volume for MOVR was notably subdued throughout the majority of 2023, reflecting a lack of engagement from traders. However, minor recoveries were observed alongside the positive price movements starting in November, with the most substantial volume recorded at 37.228 million, coinciding with the price hike.
The On-Balance Volume (OBV) maintained a slight declining trajectory throughout the year. This trend indicated a lack of aggressive buying pressure or accumulation. However, the OBV began to climb in tandem with the bullish momentum observed towards the year's end, particularly in December, where a significant spike denoted increased buying activity.
The Moving Average Convergence Divergence (MACD) indicator presented a nuanced view of MOVR's market dynamics. Moreover, the histogram displayed positive values throughout the year, but these began to diminish as the bearish trend took hold.
The MACD line and the signal line spent considerable time below the zero line, indicating seller dominance. However, in mid-December, a notable shift occurred as the MACD line crossed above the zero line, and the histogram's positive values recovered.
This was further complemented by the signal line's ascent above the zero mark, signifying potential bullish momentum. As the observation period ended, the histogram stood at 2.72, with the signal line at 0.64 and the MACD line at 3.36, reflecting a more optimistic outlook.
Should you consider buying MOVR?
Considering the price movements and the indicator insights, MOVR presents a cautiously optimistic outlook. The late-year recovery and bullish signals suggest a potential uptrend. However, investors should also consider the volatility and previous bearish dominance.
MOVR target price
Traders looking to buy MOVR may target a buying range between $3.5 and $3.9, capitalizing on the asset's support levels and recent momentum. This range offers a strategic entry point, balancing the risk while positioning for potential upside if the bullish trend continues.
As always, it's crucial for investors to conduct their due diligence and consider the broader market context when making investment decisions.
Moonriver Price Prediction
Moonriver has had an eventful 2023. To simplify the latest MOVR price prediction, we have divided up the prediction by short term Moonriver price prediction and long term Moonriver price prediction. As of writing this article, MOVR had a trading volume of 6,392,689. Moonriver has gone up by 13.01% in the past 30 days.
According to our analysis in the short term, Moonriver price prediction for July 2024 shows the average price of MOVR at 22.21 and the highest possible price for July 2024 would be $23.76.
Further, according to our analysis in the long term, Moonriver price prediction for November 2024 shows the average price of MOVR at 27.35 and the highest possible price for November 2024 would be $29.27.
Moonriver's Short Term Price Prediction
| Date | Avg Price | Lowest Price | Highest Price |
| 17 May 2024 | $15.13 | $14.07 | $16.19 |
| 18 May 2024 | $14.35 | $13.34 | $15.35 |
| 19 May 2024 | $13.98 | $13.00 | $14.96 |
| 20 May 2024 | $13.75 | $12.79 | $14.71 |
| 25 May 2024 | $12.90 | $12.00 | $13.80 |
| 30 May 2024 | $12.08 | $11.24 | $12.93 |
| 9 June 2024 | $10.82 | $10.06 | $11.58 |
| July 2024 | $22.21 | $20.65 | $23.76 |
| August 2024 | $23.50 | $21.85 | $25.14 |
| September 2024 | $24.78 | $23.05 | $26.52 |
| October 2024 | $26.07 | $24.24 | $27.89 |
| November 2024 | $27.35 | $25.44 | $29.27 |
| December 2024 | $28.64 | $26.64 | $30.65 |
Moonriver price prediction 17 May 2024: Moonriver's price for 17 May 2024 according to our analysis should range between $14.07 to $16.19 and the average price of MOVR should be around $15.13.
Moonriver price prediction 18 May 2024: Moonriver's price for 18 May 2024 according to our analysis should range between $13.34 to $15.35 and the average price of MOVR should be around $14.35.
Moonriver price prediction 19 May 2024: Moonriver's price for 19 May 2024 according to our analysis should range between $13.00 to $14.96 and the average price of MOVR should be around $13.98.
Moonriver price prediction 20 May 2024: Moonriver's price for 20 May 2024 according to our analysis should range between $12.79 to $14.71 and the average price of MOVR should be around $13.75.
Moonriver price prediction 25 May 2024: Moonriver's price for 25 May 2024 according to our analysis should range between $12.00 to $13.80 and the average price of MOVR should be around $12.90.
Moonriver price prediction 30 May 2024: Moonriver's price for 30 May 2024 according to our analysis should range between $11.24 to $12.93 and the average price of MOVR should be around $12.08.
Moonriver price prediction 9 June 2024: Moonriver's price for 9 June 2024 according to our analysis should range between $10.06 to $11.58 and the average price of MOVR should be around $10.82.
Moonriver price prediction July 2024: Moonriver's price for July 2024 according to our analysis should range between $20.65 to $23.76 and the average price of MOVR should be around $22.21.
Moonriver price prediction August 2024: Moonriver's price for August 2024 according to our analysis should range between $21.85 to $25.14 and the average price of MOVR should be around $23.50.
Moonriver price prediction September 2024: Moonriver's price for September 2024 according to our analysis should range between $23.05 to $26.52 and the average price of MOVR should be around $24.78.
Moonriver price prediction October 2024: Moonriver's price for October 2024 according to our analysis should range between $24.24 to $27.89 and the average price of MOVR should be around $26.07.
Moonriver price prediction November 2024: Moonriver's price for November 2024 according to our analysis should range between $25.44 to $29.27 and the average price of MOVR should be around $27.35.
Moonriver price prediction December 2024: Moonriver's price for December 2024 according to our analysis should range between $26.64 to $30.65 and the average price of MOVR should be around $28.64.
Moonriver's Long Term Price Prediction
Moonriver’s long term Price Prediction below is a look at MOVR’s future prospect with regards to price. Moonriver was last seen at $14.40, with a market cap of $129,137,155 and trading volumes of $6,392,689. MOVR’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
| Years | Avg Price | Lowest Price | Highest Price |
| 2024 | $29.93 | $23.94 | $35.91 |
| 2025 | $61.81 | $49.45 | $74.18 |
| 2026 | $127.67 | $102.13 | $153.20 |
| 2027 | $263.69 | $210.95 | $316.42 |
| 2028 | $544.62 | $435.69 | $653.54 |
| 2029 | $1124.85 | $899.88 | $1349.83 |
| 2030 | $2323.28 | $1858.62 | $2787.93 |
| 2031 | $4798.50 | $3838.80 | $5758.21 |
| 2032 | $9910.84 | $7928.67 | $11893.01 |
| 2033 | $20469.88 | $16375.90 | $24563.85 |
| 2035 | $87322.20 | $69857.76 | $104786.64 |
Moonriver price prediction 2024: Moonriver's price for 2024 according to our analysis should range between $23.94 to $35.91 and the average price of MOVR should be around $29.93.
Moonriver price prediction 2025: Moonriver's price for 2025 according to our analysis should range between $49.45 to $74.18 and the average price of MOVR should be around $61.81.
Moonriver price prediction 2026: Moonriver's price for 2026 according to our analysis should range between $102.13 to $153.20 and the average price of MOVR should be around $127.67.
Moonriver price prediction 2027: Moonriver's price for 2027 according to our analysis should range between $210.95 to $316.42 and the average price of MOVR should be around $263.69.
Moonriver price prediction 2028: Moonriver's price for 2028 according to our analysis should range between $435.69 to $653.54 and the average price of MOVR should be around $544.62.
Moonriver price prediction 2029: Moonriver's price for 2029 according to our analysis should range between $899.88 to $1349.83 and the average price of MOVR should be around $1124.85.
Moonriver price prediction 2030: Moonriver's price for 2030 according to our analysis should range between $1858.62 to $2787.93 and the average price of MOVR should be around $2323.28.
Moonriver price prediction 2031: Moonriver's price for 2031 according to our analysis should range between $3838.80 to $5758.21 and the average price of MOVR should be around $4798.50.
Moonriver price prediction 2032: Moonriver's price for 2032 according to our analysis should range between $7928.67 to $11893.01 and the average price of MOVR should be around $9910.84.
Moonriver price prediction 2033: Moonriver's price for 2033 according to our analysis should range between $16375.90 to $24563.85 and the average price of MOVR should be around $20469.88.
Moonriver price prediction 2035: Moonriver's price for 2035 according to our analysis should range between $69857.76 to $104786.64 and the average price of MOVR should be around $87322.20.
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FAQs about Moonriver
Moonriver’s current price is $14.40 and witnessed a -4.00% decrease in the past 24 hours. MOVR/BTC pair saw a -2.45% decrease in the past 24 hours
Investing in Moonriver, MOVR will purely depend on your personal risk appetite. As you can see over the past 24 hours Moonriver’s price has witnessed a -4.00% decrease and over the past 30 days Moonriver has increase by 13.01%. So it all depends on if this investment will hit your trading goals.
According to our latest Moonriver Price prediction for 2024, MOVR should vary between $35.91 and $23.94. Please keep in mind that the crypto market is very volatile and this Moonriver price prediction does not account for extreme wild swings in price.
As per the Moonriver price prediction 2024 model above, MOVR’s price for May 2024 should range between $23.94 to $35.91 with the average price for May being $29.93
According to the Moonriver Price Prediction model above, MOVR’s price in 2025 would be $61.81. This price would however would range from $74.18 and $49.45.
According to the Moonriver Price Prediction model above, MOVR’s price in 2026 would be $127.67. This price would however would range from $153.20 and $102.13.
According to the Moonriver Price Prediction model above, MOVR’s price in 2027 would be $263.69. This price would however would range from $316.42 and $210.95.
According to the Moonriver Price Prediction model above, MOVR’s price in 2028 would be $544.62. This price would however would range from $653.54 and $435.69.
According to the Moonriver Price Prediction model above, MOVR’s price in 2029 would be $1124.85. This price would however would range from $1349.83 and $899.88.
According to the Moonriver Price Prediction model above, MOVR’s price in 2030 would be $2323.28. This price would however would range from $2787.93 and $1858.62.
According to the Moonriver Price Prediction model above, MOVR’s price in 2031 would be $4798.50. This price would however would range from $5758.21 and $3838.80.
According to the Moonriver Price Prediction model above, MOVR’s price in 2032 would be $9910.84. This price would however would range from $11893.01 and $7928.67.
According to the Moonriver Price Prediction model above, MOVR’s price in 2033 would be $20469.88. This price would however would range from $24563.85 and $16375.90.
According to the Moonriver Price Prediction model above, MOVR’s price in 2035 would be $87322.20. This price would however would range from $104786.64 and $69857.76.
The highest price for Moonriver was recorded in 11 September 2021 during which MOVR hit an All Time High of $494.26
The price of 1 Moonriver according to current market rate is $14.40
