If you wish to purchase BEAM, check our guide on how to buy BEAM in 6 steps. X2,x10, etc. means if the price of BEAM (BEAM) will multiply by x2,x10, etc how much market cap it will have, and how it will compare then to the same coins. Beam has followed a corporate type approach to its early funding and governance, where full-time developers and contributors are hired, and funding comes from venture capitalists. The entire project is then overseen by the Switzerland-based non-profit Beam Foundation, which has a mandate to guide the development of the Beam network. Beam is Mimblewimble based cryptocurrency that is not only trying to develop a privacy focused coin but also one that is scalable.

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However, when I looked over 65% of the volume was concentrated for trading on the HotBit exchange. This could pose a risk from a market liquidity perspective at some point in the future. If ever there was a situation in which BEAM trading on HotBit were to stop, it means volumes could drop considerably. When the transaction is received the recipient selects several blinding factors randomly. These can later be used as proof of ownership when it is time to spend the coins.

• This will allow authorized auditors to see the full list of transactions and any relevant documentation.
• Within Mimblewimble blocks the transactions look like a random mix of outputs and inputs.
• With the market posting minute but continuous gains, BEAM captures this momentum, which caused the current uptick in the token’s price.
• It was designed to offer a confidential yet decentralized option for everyday financial activities.
• The Beam network, a pivotal platform within the gaming industry powered by blockchain technology, was founded by a diverse and skilled group of individuals.

Development Roadmap

Currently, the RSI value is at 41.36, which indicates that the BEAM market is in a neutral position. 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 beam coin enthusiasm, BEAM might be on the path of bullishness in the long run. The table above shows the number of days which BEAM closed above a certain price level. BEAM is up 18.82% against Ethereum and down -1.30% against Bitcoin in the last 1 month.

What is the BEAM price prediction for next week?

Mimblewimble is based on the Bitcoin protocol, but modified to improve privacy and the efficiency of the network. There are several features the Beam team have added which they believe will make Beam a superior coin. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion.

• Additionally, Mimblewimble utilizes Confidential Transactions which hide the amount of coins being transferred.
• The sort of stakeholders varies from gamers, tokenholders and funds to corporations and other DAOs.
• Furthermore, the Beam ecosystem is designed with a focus on decentralized finance (DeFi) capabilities.
• Compared to other crypto coins which started the same year as BEAM it has below-average trading volume, average volume for the other 433 coins started in 2019 is $1M while BEAM has $689K.
• With their attendance at Gamescom being the biggest driver of retail investor interest, we might expect more movement once we enter the next week.
• At the same time, Solana has since reached $163 following the fall to $110, marking an impressive comeback of over 40%.

Beam’s current circulating supply is 49.47B BEAM out of max supply of 62.43B BEAM. Beam’s blockchain supports private stablecoins, NFTs, AMMs, and future developments like lending, oracles, sidechains, wrapped assets, and more. The Beam network, a pivotal platform within the gaming industry powered by blockchain technology, was founded by a diverse and skilled group of individuals. Their collective expertise spans across various domains, contributing to the foundational structure and innovative vision of Beam. With a circulating supply influenced by token migration, buybacks, and burns, Beam’s approach to managing its supply is dynamic.

What was BEAM’s lowest price?

The lowest price for one BEAM coin is $0.014, recorded in August 2024, approximately 1 week ago. Thus, if you had invested $100 during the ICO, it would currently be valued at only $5.01. Although Beam is a fairly new addition to the cryptocurrency scene, it has actually been nearly inevitable ever since the first Mimblewimble whitepaper was released on the world in 2016. These include things like Atomic Swap, Touch ID / Face ID payment proof and share transaction details. For now, your best bet is perhaps to keep your BEAM on is their proprietary native wallet. There is also support for a number of different operating systems including Microsoft, Mac, Android, iOS and Linux.

• BEAM is up 2.97% against Ethereum and down -14.47% against Bitcoin in the last 1 month.
• Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition.
• With a team of top-rated clinicians, they prioritize your needs with shorter wait times and individualized care, ensuring you are in good hands every step of the way.
• He is also a lecturer, marketer, writer, and story teller trying to bridge the link between philosophy and technology.
• When writing, the MACD and signal lines were placed below the zero line, indicating a prevailing bearish trend.
• Privacy will remain the top priority, but this feature also complies with existing regulations through the support of unforgeable digital wallet signatures.
• To add even better privacy protections, Beam has implemented the Dandelion Protocol too.

How to read and predict BEAM price movements?

It provides a sovereign network specifically designed for gaming, offering a suite of tools for developers. These tools include APIs and SDKs, facilitating the integration of blockchain technology into games. This integration aims to enhance the gaming experience by enabling new forms of in-game economies and player interactions. Just like with any other asset, the price action of BEAM is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates.

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It also encompasses a decentralized exchange, providing a platform for the seamless exchange of assets within its network. This is part of Beam’s broader vision to create a comprehensive ecosystem that supports a variety of blockchain-based https://www.tokenexus.com/ applications and services. This decentralized autonomous organization (DAO) was brought to live in early 2021 to revolutionize the gaming industry. The $BEAM token allows its holders to participate in governance of this DAO.

Contract Shaders handle business logic, while App Shaders manage presentation layers for easy wallet integration. Community engagement has been a constant focus for Beam, with active participation in social media and forums. This ongoing dialogue with the community not only helps in gathering feedback but also in spreading awareness about Beam’s developments and future plans. Despite its promising features, Beam faces challenges like user adoption and overcoming technical hurdles. Success in these areas will be crucial for Beam to realize its full potential across its targeted use cases. As a decentralized autonomous organization, there is a flexible workforce that contributes to the success of our organization.