As the market shows small but continuous gains, BEAM is catching this momentum, which has caused the current rise in the token price. According to CoinGeckoBEAM has risen nearly 18% in the last 24 hours as investors flock to the token.
The Beam network is experiencing incredible on-chain development, giving it an edge over its competitors. As the market enters new week with enthusiasm, BEAM may be on a bullish path in the long term.
Beam Network Heads to Gamescom 2024
Earlier this month, Beam Network announced that it will be presented at Gamescom 2024, the largest gaming event in the world. This accompanied from Domi Online, an MMORPG built on the Beam Network. The event will allow the platform to showcase the capabilities of the network along with the use cases of cryptography in the gaming world.
.@DomiOnline is showing off @gamescom on Beam 🕹️
Join us for an exclusive evening filled with games, socializing, and the chance to play the latest version of Domi Online ✨
📅 August 21, 2024
⏰ 18:00 – 12:00
📍 Pe303, Cologne, Germany.
🎟️ https://t.co/sjbXmDtl7e pic.twitter.com/Ry98DRQ8id— Beam (@BuildOnBeam) August 10, 2024
Gamescom hosts gaming industry giants like Microsoft XBOX, Bethesda, and Blizzard among its exhibitors. Beam’s Gamescom showcase will ultimately get mainstream gamers interested in the crypto gaming scene, perhaps even leading to major partnerships with big shots like Immutable secured partnership with Ubisoft to create a blockchain-based game in 2023.
Ray is coming to @gamescom 🕹️ Venue🎪
In two weeks, we’ll be bringing the Beam family together to celebrate the future of gaming in this amazing place!
📅 August 21, 2024
⏰ 18:00 – 12:00
📍 Pe303, Cologne, Germany
🎟️ https://t.co/sjbXmDtl7eMore info👇 pic.twitter.com/FS21nnUGLQ
— Beam (@BuildOnBeam) August 2, 2024
Gamescom 2024 will take place in Cologne, Germany on August 21.
With Bim continuing innovations for its platform, it will disrupt the crypto gaming space, becoming one of the major players in the industry in the long term. In terms of how this will affect BEAM’s price movement, it is still a mystery.
BEAM Dims Slightly as Market Slows
At the time of writing, the token is still in the green wave, trying to break through the $0.01444 ceiling in the short term with a sharp price increase. This breakout may not happen today as the bulls are losing steam. This will not hurt the gains of the last 24 hours, but will affect the long-term growth if the token loses its momentum.
In the next couple of days, two things can happen: either BEAM breaks through the $0.01444 ceiling, becoming a support level, or the bulls fail to hold the last price ceiling and then stabilize in the price range of $0.01273 and $0.01444.
If the breakout continues, investors and traders should aim to settle at $0.01685 in the long term, which would give BEAM strong 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 the token is high. With their presence at Gamescom being the biggest driver of retail investor interest, we can expect more movement as we enter next week. Investors and traders should keep an eye on BEAM as its mass release will have a significant impact on retail perceptions in the crypto gaming scene.
Main image by Pexels, chart by TradingView
