BEAM Inks 15% Gains As Exciting Developments Hit The Market – Details

Christian Encila

11 months ago

4 mins read

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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.

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 is currently trading at $0.013. Chart: TradingView

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.

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

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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