BEAM Inks 15% Gains As Exciting Developments Hit The Market

Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of BEAM. The market capitalization of BEAM can change significantly in a short period of time. Beam represents a multifaceted cryptocurrency project, intertwining the realms of privacy, https://www.tokenexus.com/ gaming, and decentralized governance. At its core, Beam leverages the Mimblewimble protocol, ensuring transactions on its network are private and secure. This privacy-centric approach is complemented by a proof-of-work consensus mechanism, utilizing the Equihash algorithm to maintain network integrity and security.

What is the BEAM price prediction for 2025?

Notably, Beam’s journey began with its launch in March 2018, leveraging the Mimblewimble protocol to enhance transaction privacy and security. This foundational technology set Beam apart by offering a solution to the increasing concern over the traceability of transactions in public blockchains. Despite its focus on privacy, Beam faces challenges such as technical difficulties and scalability issues, common among emerging technologies in the blockchain space. However, its unique value proposition in providing confidential transactions makes it a noteworthy participant in the broader cryptocurrency ecosystem.

Crypto Whale Buys the Dip: Accumulates PEPE and ETH

• This protocol facilitates confidential transactions, where the values transferred are encrypted, yet verifiable by the network to prevent double-spending or fraud.
• Amid the turnaround in the market in recent sessions, few cryptocurrencies are still struggling to take decisive recovery moves.
• This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic BEAM prediction.
• Beam supports custom transactions of different types, such as escrow, atomic swaps and time-locked ones.
• In addition to its strong privacy features, BEAM also offers scalability benefits over other blockchains due to its compact blockchain size.
• Beam has also introduced the concepts of confidential transactions and confidential assets as an added privacy value feature.

As for its tokenomics, Beam has a maximum supply of 262,800,000 tokens, with 81,970,000 tokens in circulation as of February 2021. This controlled supply model is part of Beam’s strategy to maintain the token’s value and stability over time. Beam supports custom transactions of different types, such as escrow, atomic swaps and time-locked ones.

BEAM Historical Price Performance

BEAM traders use a variety of tools to try and determine the direction in which the BEAM market is likely to head next. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. Gamescom hosts gaming industry giants like Microsoft’s XBOX, Bethesda, and Blizzard among the attendees. BEAM is being traded on 6 cryptocurrency exchanges, including gate.io and MEXC.

What will the price of BEAM be next month?

Investors and traders should keep an eye on BEAM as its mainstream entry will have a significant effect on retail perception on the crypto gaming scene. Earlier this month, Beam Network announced that it will have a spot on Gamescom 2024, the largest gaming event in the world. The event will allow the platform to show the capabilities of the network along with the use cases of crypto in the gaming world. Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies.

Confidential Assets

Currently, the BEAM Fear & Greed Index stands at 25, which means that investors’ sentiment is in the so-called Extreme Fear zone. Meanwhile, WIF has shown even more impressive performance, rising by 3.5% over the past day and achieving a cumulative seven-day growth of over 18%, with beam coin its price now at $1.87. Considering WIF was worth $1.0837 last Monday, it has rebounded by over 80%. Be the first to get the latest important crypto news & events to your inbox. The table above shows the price and ROI of BEAM today and previous years on the same date (Aug 12).

• The $BEAM token allows its holders to participate in governance of this DAO.
• Beam’s blockchain was built on the C++ programming language from scratch.
• Beam, a privacy-focused cryptocurrency, leverages Mimblewimble protocol to ensure transactions remain confidential and secure.
• Lastly, Beam’s integration of DeFi, NFTs, and DEX into its platform represents a strategic expansion into key areas of the crypto space.
• This adaptability reflects the project’s commitment to evolving in response to the community’s needs and the broader blockchain ecosystem.
• For example, if we take a look at the BEAM / BTC books we can see that daily turnover is quite limited and the distribution of the orders themselves are pretty wide.

Market Analysis: BEAM, FET, Solana, and PEPE Show Potential

As the name suggests, a moving average provides the average closing price for BEAM over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for BEAM is a sum of BEAM’s closing prices over the last 12 days which is then divided by 12. The platform also has superior scalability due to compact blockchain size that supports online and offline transactions, atomic swap, and hardware wallets integration.

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As with any cryptocurrency, potential users and investors are advised to conduct thorough research before engaging with the platform. This includes understanding the technology behind Beam, its market position, and the broader implications of using a privacy-focused cryptocurrency in their specific context. The Beam network is secured using the Equihash proof-of-work algorithm, known for its ability to manage large data volumes efficiently. This choice reflects Beam’s commitment to maintaining a robust and secure network for its users.

BEAM Price Chart US Dollar (BEAM/USD)

The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued. NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins.