With the market posting minute but continuous gains, BEAM captures this momentum, which caused the present uptick within the token’s price. Based on CoinGecko, BEAM is up nearly 18% up to now 24 hours as investors flock to the token.
Related Reading
The Beam network is experiencing awesome on-chain development that provides it an edge against its competitors. Because the market enters a recent week with enthusiasm, BEAM could be on the trail of bullishness in the long term.
Beam Network Goes To Gamescom 2024
Earlier this month, Beam Network announced that it’ll have a spot on Gamescom 2024, the most important gaming event on this planet. It’s accompanied by Domi Online, an MMORPG built on the Beam Network. The event will allow the platform to point out the capabilities of the network together with the use cases of crypto within the gaming world.
.@DomiOnline is showcasing at Beam goes @gamescom 🕹️
Join us in an exclusive night full of gaming, networking and a likelihood to play the newest construct of Domi Online ✨
📅 August twenty first, 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 many attendees. Beam’s showcase in Gamescom will eventually drive the mainstream gamers to be taken with the crypto gaming scene, maybe even resulting in big partnerships with the massive 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 have fun the long run of gaming in this excellent venue!
📅 August twenty first, 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 probably be held in Cologne, Germany on August 21.
With Beam’s continuing innovation for its platform, it’ll disrupt the crypto-gaming space becoming one in every of the key players within the industry long-term. By way of how it’ll affect BEAM’s price movement remains to be a mystery.
BEAM is currently trading at $0.013. Chart: TradingView
BEAM Barely Dims As Market Slows Down
As of writing, the token remains to be on the green, attempting to interrupt through the $0.01444 ceiling within the short term with a pointy uptick in price. This breakthrough won’t occur today because the bulls lose steam. This won’t hurt gains up to now 24 hours, but it’ll affect long-term gains if the token loses its momentum.
Two things can occur in the following couple of days: BEAM breaks through the $0.01444 ceiling flipping it to support, or the bulls fail to secure the latter price ceiling after which stabilizes on the $0.01273 and $0.01444 price range.
Related Reading
If the breakthrough continues, investors and traders should aim to decide on $0.01685 for the long run, giving BEAM strong support for further upward movement. Nonetheless, if the other happens, the token might dive below $0.01444, settling within the $0.1054-$0.01273 price range.
Nonetheless, investor confidence within the platform and token is high. With their attendance at Gamescom being the most important driver of retail investor interest, we’d expect more movement once we enter the following week. Investors and traders should keep watch over BEAM as its mainstream entry could have a major effect on retail perception on the crypto gaming scene.
Featured image from Pexels, chart from TradingView