BEAM Inks 15% Gains As Exciting Developments Hit The Market – Details
11 August 2024 - 10:00PM
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With the market posting minute but continuous gains, BEAM captures
this momentum, which caused the current uptick in the token’s
price. According to CoinGecko, BEAM is up nearly 18% in the past 24
hours as investors flock to the token. Related Reading:
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Hold $62,000 The Beam network is experiencing awesome on-chain
development that gives it an edge against its competitors. As the
market enters a new week with enthusiasm, BEAM might be on the path
of bullishness in the long run. Beam Network Goes To Gamescom
2024 Earlier this month, Beam Network announced that it will have a
spot on Gamescom 2024, the largest gaming event in the world. It is
accompanied by Domi Online, an MMORPG built on the Beam Network.
The event will allow the platform to show the capabilities of the
network along with the use cases of crypto in the gaming world.
.@DomiOnline is showcasing at Beam goes @gamescom 🕹️ Join us in an
exclusive night filled with gaming, networking and a chance to play
the latest build of Domi Online ✨ 📅 August 21st, 2024 ⏰ 6 PM – 12
AM 📍 Pe303, Cologne, Germany. 🎟️ https://t.co/sjbXmDtl7e
pic.twitter.com/Ry98DRQ8id — Beam (@BuildOnBeam) August 10, 2024
Gamescom hosts gaming industry giants like Microsoft’s XBOX,
Bethesda, and Blizzard among the attendees. Beam’s showcase in
Gamescom will eventually drive the mainstream gamers to be
interested in the crypto gaming scene, perhaps even leading to big
partnerships with the big shots like how Immutable secured a
partnership with Ubisoft for a blockchain-based game back in
2023. Beam goes @gamescom 🕹️ The venue🎪 In two weeks from now
we’ll gather the Beam family to celebrate the future of gaming in
this wonderful venue! 📅 August 21st, 2024 ⏰ 6 PM – 12 AM 📍 Pe303,
Cologne, Germany 🎟️ https://t.co/sjbXmDtl7e More information👇
pic.twitter.com/FS21nnUGLQ — Beam (@BuildOnBeam) August 2, 2024
Gamescom 2024 will be held in Cologne, Germany on August 21.
With Beam’s continuing innovation for its platform, it will disrupt
the crypto-gaming space becoming one of the major players in the
industry long-term. In terms of how it will affect BEAM’s price
movement is still a mystery. BEAM Slightly Dims As Market
Slows Down As of writing, the token is still on the green,
attempting to break through the $0.01444 ceiling in the short term
with a sharp uptick in price. This breakthrough might not happen
today as the bulls lose steam. This won’t hurt gains in the past 24
hours, but it will affect long-term gains if the token loses its
momentum. Two things can happen in the next couple of days:
BEAM breaks through the $0.01444 ceiling flipping it to support, or
the bulls fail to secure the latter price ceiling and then
stabilizes on the $0.01273 and $0.01444 price range. Related
Reading: Dogecoin Major Metrics Fire Bullish Signals, Can Price
Cross $0.5 If the breakthrough continues, investors and traders
should aim to settle on $0.01685 for the long term, giving BEAM
strong support for further upward movement. However, if the
opposite happens, the token might dive below $0.01444, settling in
the $0.1054-$0.01273 price range. However, investor
confidence in the platform and token is high. With their attendance
at Gamescom being the biggest driver of retail investor interest,
we might expect more movement once we enter the next week.
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. Featured image from Pexels, chart from
TradingView
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