BEAM is a cryptocurrency token launched in 2018 with a focus on privacy.
It is the gas token on the Beam network.
Beam blockchain stores no information or addresses related to a transaction.
The Beam network is powered by the Merit Circle DAO.
The platform connects gamers and game developers.
The platform was started by a bunch of developers as an open-source project, who shared a common vision, and the blockchain was coded from scratch.
This piece is your go-to guide to the Beam platform and its offerings.
We will go into the economics of its native token and its utility.
This article will also take a deep dive into the price movements of BEAM and try to make reasonable forecasts of the token’s prices in the days to come.
Let’s go directly to the piece.
Unique Features of Beam
Beam SDK | It is a software development kit that allows developers to choose from a range of development tools. The transactions carried out in BEAM. |
Community governance | $BEAM serves as the token for the governance of the decentralized autonomous organization (DAO) Merit Circle. |
Proof-of-Work(PoW) Validation | Beam follows in the footsteps of Bitcoin by employing a PoW mechanism based on an algorithm called BeamHash III for the verification of transactions. |
Deflatory Nature | Beam also has an emission schedule similar to Bitcoin It has a fixed emission limit and a four-year halving event hard-coded into it. |
Supports a variety of functions | Beam also supports Smart Contracts, Confidential Assets, Direct Payment Channels, Decentralized Applications (dApps), and Atomic Swaps. |
BEAM Tokenomics
Though inspired by Bitcoin, the Beam token has ten times as many blocks as Bitcoin and started with an emission rate of 100 tokens per block in the first year of its existence.
There will be 33 halvings with a halving period of 4 years.
The smallest unit of Beam is Groth (with the same pronunciation as growth).
One BEAM is a billion Groth. The total supply of Beam is 262,800,000 tokens.
Beam came into existence in a fair launch, which means there was no pre-launch or ICO.
The emission curve is designed to bring 90 percent of all the coins into supply within the first 13 years.
BEAM Price Prediction
As I am penning this article, BEAM is traded at $0.02532, making up a market capitalization of around $1.3 billion, according to CoinMarketCap data.
The 24-hour trading volume is nearly $70 million. Although the past performance of an asset is assurance for its future returns, I am analyzing the past trends to get an idea of its general price movement.
Beam was launched in 2018. In the last 365 days, the Beam coin has witnessed a five-fold price increase.
Beam Prediction 2024
In the last month, the candlesticks of Beam have been steadily moving upward.
But since the chart has entered an overbought region, it also signals the possibility of an impending correction.
Thus the prices are expected to be anywhere between 0.015 to 0.040, depending on whether it is the bears or the bulls who are going to prevail.
Beam Prediction 2025
Several crypto analysts predict that the next halving of Bitcoin in 2025 will have a significant impact on the entire crypto market. This will result in the appreciation of altcoins, including Beam Coin.
BEAM is predicted to cross the $1-dollar mark in 2025.
Beam Prediction 2030
By the year 2030, experts predict that after some minor spikes after 2025, the crypto market will go sideways as a result of the maturation of the major cryptocurrencies.
The expected price of BEAM in 2030 is around $4.5.
Year | Price |
---|---|
2024 | $0.035 |
2025 | $1 |
2030 | $4.5 |
Where To Buy BEAM?
Your best options for buying BEAM are
How To Buy BEAM?
If you are just getting started, opt for a centralized exchange (CEX). It is more convenient and offers more liquidity.
First, you must sign in to your CEX platform account. If you don’t already have an account, sign up for one. It doesn’t take long.
Once you are logged in, you may deposit your capital in the available format, as fiat currency, as major cryptocurrency, or stablecoin.
In the next step, you must navigate to the trading section and search for the currency combination you want to transact with– BEAM/USD, for instance.
You may move the coins to a secure wallet, once the purchase is complete.
Conclusion
BEAM pitches itself as a great alternative to Bitcoin. The Beam platform offers a bridge for connecting gamers and game developers.
The token has managed to reach the 63rd biggest cryptocurrency in a very short duration.
The technical indicators of BEAM are mostly a mixed bag with bullish predictions for the near future.
At the same time, do not forget that investing in crypto assets comes with significant risks and crypto assets are susceptible to large fluctuations.
One should not put their hard-earned money into the crypto market without a firm understanding of its underpinnings. As always, don’t invest the money that you need for your short-term needs.
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