The host of the popular crypto channel Coin Bureau, nicknamed Guy, tells his two million YouTube subscribers that the new Ethereum-compatible altcoin project built on Polkadot (DOT) has a ‘promising future’ ahead.
According to the analyst, there are opportunities and threats for altcoin
Guy, whose comments we have included in our news as Kriptokoin.com, has his eyes on Moonbeam (GLMR), one of the first fully functional coin-chains in Polkadot. He says he can’t separate. The analyst cites how PureStake, the company that developed Moonbeam, allocates resources to deploy on-chain integrations, establish partnerships, and add rewards programs:
Among these ecosystem deployments and integrations, numerous DeFi, GameFi and the NFT project. This means PureStake aims to potentially create its own Moonbeam-ready NFT marketplace, or perhaps even a GameFi protocol.
Despite Moonbeam’s potential, Guy says he faces some challenges for the growth of the para-chain, and explains his point as follows:
Polkadot Outside of its ecosystem, Moonbeam is not the only project that offers EVM compatibility and cross-chain solutions. There are numerous competing protocols and distributed DApps competing in this industry, some with much greater user acceptance.
“I see a promising future for Moonbeam”
“You also have to ask yourself how eager people are to deploy Ethereum-based dApps on the Polkadot network,” said the analyst, adding that the Polkadot ecosystem has been less and less recently. It means it’s getting attention. According to the analyst, ETH developers seem more willing to build on top of ETH layer-2s like Arbitrum or Optimism or alternative layer-1s like Avalanche or Phantom. The analyst states:
Ultimately, as with most new and emerging Blockchain networks, their future and overall success will depend on the amount of adoption they actually manage to achieve.
gives a positive long-term outlook for the altcoin, saying it could potentially address some of the current issues with blockchains, including those hindering mass adoption and real-world use cases. refers to its features. The analyst details his views as follows:
I will say that I see a promising future for Moonbeam. This is because it can allow the creation of truly dynamic and versatile Blockchain architectures. Also, since Moonbeam is a Polkadot-based coin-chain, it is in line with the idea that future blockchains should perform a variety of specialized functions and inherently have a broad repertoire of capabilities.
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