As a seasoned crypto investor with a keen interest in emerging projects, I’ve closely followed the developments surrounding Beam (BEAM) and its recent listing on Upbit. The impact of this announcement on the market has been nothing short of remarkable.
Upbit, the biggest cryptocurrency exchange based in South Korea, recently made an announcement about listing Beam (BEAM). Consequently, there was a noticeable surge in trading activity for this digital currency. This news has generated substantial excitement within the investment and trading community.
Upbit’s listing of BEAM, with its vast user base and extensive market coverage, has significantly boosted the asset’s exposure and availability. Consequently, the interest in BEAM skyrocketed, leading to a price increase of approximately 25%. Upbit’s decision to feature BEAM is an indication of increasing faith in the asset’s potential, representing a crucial turning point in its market development.
Beam (BEAM) Price Jumps 25%
As a crypto investor, I’ve witnessed firsthand the significant impact of Upbit listing on Beam’s market performance. Shortly following the announcement, BEAM’s native cryptocurrency experienced a remarkable surge, with prices soaring by an astounding 26%. At present, BEAM is trading 21.65% higher at $0.331, giving it a market capitalization of $1.6 Million. Over the past week, there’s been an impressive rise in BEAM’s price by 25.06%. The trading window for Beam on Upbit opens at 18:00 – 19:00 KST on May 31. The open interest of BEAM has seen a substantial increase, reaching a valuation of $30 Million, and the RSI (Relative Strength Index) currently stands at the bullish level of 71.99.
The listing of BEAM on Upbit with various trading options against Korean Won (KRW), Bitcoin (BTC), and Tether (USDT) significantly contributed to the recent price increase. This multi-faceted approach boosted BEAM’s liquidity and drew in a more extensive range of investors, bolstering its market presence. The brisk trading following the listing is indicative of high investor confidence and the favorable market mood towards BEAM.
Understanding the $BEAM Token and Beam Network
The $BEAM token plays a pivotal role in the Beam network, which is a cutting-edge gaming platform governed by the Merit Circle Decentralized Autonomous Organization (DAO). This network aims to create a cooperative setting where gamers and developers can work together to shape the future of the gaming sector. At the heart of this ecosystem lies the Beam Software Development Kit (SDK), an adaptable toolkit that enables game developers to effortlessly incorporate blockchain technology into their games.
The BEAM token plays a crucial role in facilitating interactions within the Beam network, acting as the principal currency for conducting transactions. It’s not just limited to transferring assets but extends to engaging with smart contracts – a vital component for delivering an engaging and interactive gaming experience. Through these capabilities, the $BEAM token substantially boosts the ecosystem, amplifying its functionality and allure, as underscored by its listing on Upbit and the subsequent price increase, which underscores growing industry recognition of BEAM’s transformative potential in the gaming sector.
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2024-05-31 12:01