Because the market continues to rise, BEAM has capitalized on the momentum, resulting in the present improve within the token’s value. based on Coin GeckoBEAM is up practically 18% prior to now 24 hours as buyers pile into the token.
Associated studying
The Beam community is present process superb on-chain growth that provides it an edge over the competitors. With the market Enter The brand new week is stuffed with enthusiasm and BEAM could possibly be on a bullish path in the long run.
Beam Community at Gamescom 2024
Earlier this month, Beam Community declare It would have a spot at Gamescom 2024, the world’s largest gaming occasion. That is accompany Domi On-line is an MMORPG constructed on Beam Community. The occasion will permit the platform to showcase the capabilities of the community and the use circumstances of cryptocurrencies within the gaming world.
.@DomiOnline Show on Beam go @gamescom 🕹️
Be a part of us for an unique night time filled with video games, socializing and the possibility to play the newest model of Domi On-line ✨
📅 August 21, 2024
⏰ 6pm – 12am
📍Pe303, Cologne, Germany.
🎟️ https://t.co/sjbXmDtl7e pic.twitter.com/Ry98DRQ8id— Beam (@BuildOnBeam) August 10, 2024
Attendees at Gamescom embody gaming business giants reminiscent of Microsoft’s XBOX, Bethesda and Blizzard. Beam’s demo at Gamescom will lastly get mainstream players within the cryptocurrency gaming scene, probably even resulting in a significant partnership with the likes of Immutable secure A blockchain-based recreation was developed in partnership with Ubisoft again in 2023.
Liang Xing @gamescom 🕹️Venue🎪
In two weeks we’ll collect collectively because the Beam household to rejoice the way forward for gaming on this great venue!
📅 August 21, 2024
⏰ 6pm – 12am
📍 Pe303, Cologne, Germany
🎟️ https://t.co/sjbXmDtl7eExtra info 👇 pic.twitter.com/FS21nnUGLQ
— Beam (@BuildOnBeam) August 2, 2024
Gamescom 2024 might be held on August 21 in Cologne, Germany.
with beam proceed With the innovation of its platform, it is going to disrupt the crypto gaming area and change into one of many main gamers within the business in the long run. As for the way it will have an effect on BEAM’s value motion stays a thriller.
BEAM weakens barely as market slows
As of the time of writing, the coin continues to be within the inexperienced and is making an attempt to interrupt out of the $0.01444 cap within the quick time period, with the value rising considerably. This breakout might not occur in the present day as bulls lose momentum. This gained’t damage positive factors over the previous 24 hours, however it is going to influence long-term positive factors if the coin loses momentum.
Two issues might occur within the subsequent few days: BEAM breaks the $0.01444 cap, flipping it to help, or bulls fail to safe the latter value cap after which settles within the $0.01273 and $0.01444 value vary.
Associated studying
If the breakout continues, the long-term goal for buyers and merchants must be to focus on $0.01685, which gives robust help for additional positive factors in BEAM. Nonetheless, if the other occurs, the coin is prone to drop beneath $0.01444 and stabilize throughout the $0.1054-$0.01273 value vary.
Nonetheless, investor confidence within the platform and token is excessive. With their presence at Gamescom being the largest driver of retail curiosity, we will in all probability count on extra motion heading into subsequent week. Traders and merchants ought to keep watch over BEAM as its mainstream entry can have a big influence on retail perceptions of the cryptocurrency gaming scene.
Featured photographs from Pexels, charts from TradingView
