Tag Archives: Beam

Bitcoin

BEAM Inks 15% Gains As Exciting Developments Hit The Market

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With the market posting minute however steady features, BEAM captures this momentum, which induced the present uptick within the token’s worth. In line with CoinGecko, BEAM is up almost 18% prior to now 24 hours as buyers flock to the token. 

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The Beam community is experiencing superior on-chain improvement that offers it an edge in opposition to its opponents. Because the market enters a brand new week with enthusiasm, BEAM could be on the trail of bullishness in the long term. 

Beam Community Goes To Gamescom 2024

Earlier this month, Beam Community introduced that it’ll have a spot on Gamescom 2024, the most important gaming occasion on the earth. It’s accompanied by Domi On-line, an MMORPG constructed on the Beam Community. The occasion will permit the platform to point out the capabilities of the community together with the use circumstances of crypto within the gaming world.

Gamescom hosts gaming trade giants like Microsoft’s XBOX, Bethesda, and Blizzard among the many attendees. Beam’s showcase in Gamescom will ultimately drive the mainstream avid gamers to have an interest within the crypto gaming scene, even perhaps resulting in huge partnerships with the massive pictures like how Immutable secured a partnership with Ubisoft for a blockchain-based recreation again in 2023. 

Gamescom 2024 will probably be held in Cologne, Germany on August 21. 

With Beam’s persevering with innovation for its platform, it should disrupt the crypto-gaming area changing into one of many main gamers within the trade long-term. By way of the way it will have an effect on BEAM’s worth motion remains to be a thriller. 

BEAM is presently buying and selling at $0.013. Chart: TradingView

BEAM Barely Dims As Market Slows Down

As of writing, the token remains to be on the inexperienced, making an attempt to interrupt by way of the $0.01444 ceiling within the quick time period with a pointy uptick in worth. This breakthrough won’t occur right this moment because the bulls lose steam. This gained’t damage features prior to now 24 hours, however it should have an effect on long-term features if the token loses its momentum. 

Two issues can occur within the subsequent couple of days: BEAM breaks by way of the $0.01444 ceiling flipping it to assist, or the bulls fail to safe the latter worth ceiling after which stabilizes on the $0.01273 and $0.01444 worth vary.

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If the breakthrough continues, buyers and merchants ought to goal to decide on $0.01685 for the long run, giving BEAM sturdy assist for additional upward motion. Nonetheless, if the other occurs, the token may dive under $0.01444, settling within the $0.1054-$0.01273 worth vary. 

Nonetheless, investor confidence within the platform and token is excessive. With their attendance at Gamescom being the largest driver of retail investor curiosity, we would anticipate extra motion as soon as we enter the subsequent week. Traders and merchants ought to control BEAM as its mainstream entry could have a major impact on retail notion on the crypto gaming scene. 

Featured picture from Pexels, chart from TradingView

Bitcoin

Here Are The 3 Crypto Tokens That Earned A Trader $42 Million Profit In One Year

In cryptocurrency buying and selling, outstanding success tales usually emerge, showcasing the potential for vital returns. One such story is that of an nameless crypto dealer who just lately managed to show a portfolio of $23 million into $65 million over the course of a 12 months, in line with insights from Lookonchain, a crypto analytics platform.

This $42 million revenue highlights the dealer’s sensible cash transfer within the risky crypto market. The dealer leveraged strategic investments in tokens resembling PEPE, ONDO, and BEAM to realize substantial positive aspects.

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Maximizing Returns By way of Exact Market Timing

This dealer’s journey started with a strategic crypto funding in PEPE, which alone yielded a return of $60 million. The dealer demonstrated a deep understanding of market developments and token potential by capitalizing on market timings and worth fluctuations.

Notably, the dealer’s funding in PEPE resulted in a 1203% return in positive aspects. Initially investing 2,434 ETH (valued at roughly $5 million) to amass 3.97 trillion PEPE, the dealer bought 125 billion PEPE for 350 ETH, or round $1.27 million, at peak costs.

The remaining holdings in PEPE had been valued at $56.43 million, in line with information from Lookonchain.

Along with PEPE, the dealer diversified their crypto portfolio by investing in ONDO and BEAM, every providing completely different returns and market behaviors. The funding in ONDO resulted in a $5.8 million revenue with 288% return on funding (ROI), showcasing efficient diversification and asset choice methods.

Whereas BEAM offered the least returns among the many three, it nonetheless contributed positively to the dealer’s portfolio. An preliminary funding led to a 72% ROI, which, though smaller relative to PEPE and ONDO, demonstrates the significance of portfolio diversification.

It’s value noting that such diversification in crypto helps steadiness the dangers and improve the general stability of funding returns throughout completely different market circumstances within the crypto market.

The three Crypto Tokens Efficiency Overview

Among the many three tokens the dealer makes use of to safe substantial returns on funding, PEPE has emerged because the main performer, adopted by ONDO and BEAM.

Lately, PEPE has achieved notable milestones, ascending to new all-time highs. During the last week, the asset has skilled a surge of over 40%, and an extra 4% enhance previously day, reaching a brand new peak at $0.00001526.

Regardless of this current uptick, PEPE’s worth has receded by 6.8% from its highest level, now buying and selling at $0.0000144.

PEPE price chart on TradingView amid the 3 crypto tokens
PEPE worth is shifting sideways on the 2-hour chart. Supply: PEPE/USDT on TradingView.com

In the meantime, ONDO marked a brand new all-time excessive earlier right this moment at $1.15 however has since retracted by 2.7%, with its present worth at $1.12. This represents a considerable 15.8% enhance inside a single day, cementing a week-long upward development that has seen the token’s worth climb by almost 20%.

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BEAM, nonetheless, has proven extra modest positive aspects in comparison with the opposite two. Over the previous day and week, it has recorded will increase of 1.5% and seven.9%, respectively.

At the moment, BEAM is buying and selling at $0.02736. Notably, this marks a big drop of roughly 38% from its early Could excessive of $0.04416, indicating much less volatility and smaller positive aspects than its counterparts.

Featured picture created with DALL·E, Chart from TradingView