With diminishing but continuing gains in the market, BEAM is capturing the momentum that has caused the token’s current price boost. According to CoinGeckoBEAM’s value has surged by almost 18% in the past 24 hours as investors began to purchase the token en masse.
The Beam network is experiencing incredible on-chain growth that gives it an edge over its competitors. As the market comes in A fresh week full of enthusiasm, BEAM may follow a growth path in the long term.
Beam Network is going to Gamescom 2024
Earlier this month, Beam Network announced that it will take place at Gamescom 2024, the biggest gaming event in the world. This is He accompanied by Domi Online, an MMORPG built on Beam Network. The event will allow the platform to showcase the capabilities of the network along with crypto apply cases in the gaming world.
.@DomiOnline is presented at the Beam fair @gamescom 🕹️
Join us for an exclusive evening filled with games, networking and a chance to play the newest version of Domi Online ✨
📅 August 21, 2024
⏰ 18:00 – 00:00
📍 Pe303, Cologne, Germany.
🎟️ https://t.co/sjbXmDtl7e photo:twitter.com/Ry98DRQ8id— Beam (@BuildOnBeam) August 10, 2024
Gamescom is hosting gaming giants like Microsoft XBOX, Bethesda, and Blizzard among the attendees. Beam’s presentation at Gamescom will finally get mainstream gamers interested in the crypto gaming scene, which could even lead to major partnerships with large players like Immutable protected partnership with Ubisoft to create a blockchain-based game due out in 2023.
The beam is coming @gamescom 🕹️ Place🎪
In two weeks, the Beam family will come together to celebrate the future of gaming in this amazing venue!
📅 August 21, 2024
⏰ 18:00 – 00:00
📍 Pe303, Cologne, Germany
🎟️ https://t.co/sjbXmDtl7eMore information👇 photo: twitter.com/FS21nnUGLQ
— Beam (@BuildOnBeam) August 2, 2024
Gamescom 2024 will take place on August 21 in Cologne, Germany.
With Beam continuing innovation for its platform, will revolutionize the crypto-gaming space, becoming one of the major players in the industry in the long term. As for how this will affect BEAM’s price movement, it still remains a mystery.
BEAM depreciates slightly as market slows
At the time of writing, the token is still in the green, trying to break through the $0.01444 level in the tiny term with a edged price boost. This breakout may not happen today as the bulls are losing momentum. This will not hurt the gains in the last 24 hours but will affect the long-term gains if the token loses its momentum.
Two things could happen in the next few days: BEAM will break through the $0.01444 level and find itself at a support level, or the bulls will fail to hold on to this recent price level and settle in the $0.01273–$0.01444 price range.
If the breakout continues, investors and traders should look to settle at $0.01685 in the long term, which will provide BEAM with robust support for further upward movement. However, if the opposite happens, the token could fall below $0.01444, settling in the $0.1054–$0.01273 price range.
However, investor confidence in the platform and token is high. Given that their presence at Gamescom is the biggest driver of retail investor interest, we can expect more movement as we enter the next week. Investors and traders should keep an eye on BEAM as its mainstream entry will have a significant impact on how the retail crypto gaming scene is viewed.
Featured image from Pexels, chart from TradingView
