With the market making small but steady gains, BEAM has captured that momentum, causing the current surge in the token’s price. According to Queen GeckoBEAM has surged by around 18% in the past 24 hours as investors flock to the token.
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Beam Network is experiencing amazing on-chain development that gives it an edge over its competitors. As the market evolves, Enters Another exciting week ahead, and BEAM could be on a long-term bullish trajectory.
Beam Network Heads to Gamescom 2024
Earlier this month, Beam Network It was announced It will have a place at Gamescom 2024, the world’s largest gaming event. Accompanied Through Domi Online, an MMORPG built on Beam Network. The event will allow the platform to showcase the capabilities of the network along with the use cases of cryptocurrencies in the gaming world.
.@Domi Online It is displayed in Beam gos. @gamescom 🕹️
Join us for an exclusive night full of gaming, networking, and a chance to play the latest release of Domi Online ✨
📅 August 21, 2024
⏰ 6pm – 12am
📍 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 its attendees. Beam’s Gamescom showcase will eventually push major players to pay attention to the crypto gaming scene, and could even lead to major partnerships with major players like Immutable. Believer Partnering with Ubisoft to develop a blockchain-based game in 2023.
beam goes @gamescom 🕹️ The place 🎪
In two weeks from now we will be gathering with the Beam family to celebrate the future of gaming in this amazing venue!
📅 August 21, 2024
⏰ 6pm – 12am
📍 Pe303, Cologne, Germany
🎟️ https://t.co/sjbXmDtl7eMore information👇 pic.twitter.com/FS21nnUGLQ
— Beam (@BuildOnBeam) August 2, 2024
Gamescom 2024 is scheduled to take place in Cologne, Germany on August 21.
With beam continuous By innovating its platform, it will revolutionize the crypto gaming space, becoming one of the major players in the industry in the long run. How it will impact BEAM’s price movement is still a mystery.
BEAM Index Falls Slightly as Market Slows
As of writing, the token is still in the green, trying to break the $0.01444 ceiling in the near term with a sharp price surge. This breakout may not happen today as bulls are losing momentum. This will not affect the gains made in the past 24 hours, but it will affect the long-term gains if the token loses momentum.
Two things could happen in the next few days: either BEAM breaks the $0.01444 ceiling and turns it into a support level, or the bulls fail to secure the recent price ceiling and then settle at the $0.01273 and $0.01444 price range.
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If the breakout holds, investors and traders should aim for a long-term settlement at $0.01685, which gives BEAM a strong support for further upward movement. However, if the opposite happens, the token could drop below $0.01444, settling in the $0.1054-0.01273 price range.
However, investor confidence in the platform and token is high. Since their presence at Gamescom is the biggest driver of retail investor interest, we can expect more movement once we enter next week. Investors and traders should keep an eye on BEAM as its major entry will have a significant impact on retail perception in the crypto gaming landscape.
Featured image by Pexels, chart by TradingView
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