In the latest data from CoinMarketCap, the cryptocurrency Beam, developed by Merit Circle DAO, has emerged as the top gainer today with a remarkable 43.8% growth over the past 24 hours.
Despite the suspension of Beam’s X account, the official account of Merit Circle DAO shared an update in January that sparked a wave of optimism. A tweet from December 28, reshared on January 3, revealed that the Beam subnet on Avalanche has produced 768,254 blocks, processed over 1 million transactions, and garnered 362,435 addresses since its launch three months ago. The post also highlighted various games on the platform, such as Age of Battles.
The surge in positive sentiment may also be attributed to the increasing “buy the dip” mentions on social media, reaching an all-time high since March. This surge follows a negative review from Matrixport regarding Bitcoin ETF approvals, which had previously exerted downward pressure on the leading cryptocurrency.
Beam, which utilizes the BEAM token as its native crypto asset within its gaming ecosystem, has experienced significant growth, reaching new all-time highs. The asset faced occasional resistance, with a major hurdle at the $0.00876 price level. Currently, Beam’s price is nearing this resistance level, raising the possibility of selling pressures in the near future.
As of now, BEAM is trading at $0.02287 with a market cap of $1,116,557,867, reflecting an impressive 90.4% price surge in the last 30 days.
For more insights:
Analyst provides insights on potential BEAM price volatility
Don’t forget to follow us on Google News for the latest updates.