Swap Moonbeam (GLMR) to Tether USDt (USDT)

The price of the native token of the Moonbeam network dropped to 3.1 USDT at the end of March, 2022. At the beginning of April, some tokens of the crypto market were trying to break the downtrend and were showing some signs of the market flip. On April 2, 2022, the GLMR to USDT conversion rate went up to 4.6 and then continued growing for the next 2 days until it reached 5.1 on April 4. At that point, the GLMR to USDT exchange ratio started to go down, as the crypto market established a new bearish trend. 

The Moonbeam network token price in USDT dropped to 4.0 by April 7 and then stabilized around that level bouncing between 4.2 and 3.3 until April 21, when the situation in the crypto market got worse. The massive sell-off affected the price of GLMR tokens in USDT and it established a downward trajectory that lasted till May 11. 

At that point, the crypto market experienced the biggest collapse in the last few years and GLMR/USDT price also went down to 1.16. The price chart after that was stable during the whole month, without significant ups and downs. The GLMR to USDT price chart stayed bouncing in the range of 1.18 and 1.36. Only on June 6, did the GLMR token manage to reach 1.4 USDT, but soon after that, the price chart declined again. 

Since June 11 the price of GLMR tokens in USDT has been going down slightly. As the market continued to go through a sell-off, the new price level was set on June 19, when to swap GLMR with USDT users paid only 0.6. The Moonbeam network coin kept this price but dropped below 0.6 USDT on June 30.