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9 months ago
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ARTICLE AD BOX
- Bullish BEAM price prediction for 2024 is $0.030235 to $0.055628.
- Beam (BEAM) price might reach $0.05 soon.
- Bearish BEAM price prediction for 2024 is $0.009310.
In this Beam (BEAM) price prediction 2024, 2025-2030, we will analyze the price patterns of BEAM by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
Beam (BEAM) PRICE PREDICTION 2024 |
|
| Beam (BEAM) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Beam (BEAM) Current Market Status
| Current Price | $0.03268 | 24 – Hour Price Change | 11.60% Up |
| 24 – Hour Trading Volume | $49,544,905 |
| Market Cap | />$1,695,891,740 |
| Circulating Supply | 51,846,347,346 BEAM | All – Time High | $0.03014 (On Feb 3, 2024) |
| All – Time Low | $0.004241(On Oct 29, 2023) |
What is Beam (BEAM)
| TICKER | BEAM |
| BLOCKCHAIN | Beam Chain |
| CATEGORY | GameFi Token |
| LAUNCHED ON | October 2023 |
| UTILITIES | Native gas token, Staking, Buyback, and Burn mechanism. |
Beam is a blockchain designed for gaming, simplifying game development and enhancing player experiences. Beam utilizes the BEAM token as its native cryptocurrency, powered by the Merit Circle DAO. With features like the Beam SDK, game developers can seamlessly integrate Beam for diverse applications. BEAM serves as the primary token for transactions and interactions within the Beam network, offering a smooth gaming experience. Additionally, it plays a vital role in governing the Merit Circle DAO, enabling token holders to participate in the gaming industry.
Further, Beam’s partnerships with Immutable, Polygon, and the Merit Circle DAO have boosted its standing in the GameFi category, making it the third-ranking altcoin with a market cap close to $1.47 billion.
BEAM 24H Technicals
(Source: TradingView)Beam (BEAM) Price Prediction 2024
Beam (BEAM) ranks 55th on CoinMarketCap in terms of its market capitalization. The overview of the BEAM price prediction for 2024 is explained below with a daily time frame.
In the above chart, Beam (BEAM) laid out an Ascending Channel. Ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.
At the time of analysis, the price of Beam (BEAM) was recorded at $0.029086. If the pattern trend continues, then the price of BEAM might reach the resistance level of $0.029472 and $0.038691. If the trend reverses, then the price of BEAM may fall to the support of $0.027329, $0.024784, and $0.022530.
Beam (BEAM) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Beam (BEAM) in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of Beam (BEAM) for 2024.
| Resistance Level 1 | $0.030235 |
| Resistance Level 2 | $0.055628 |
| Support Level 1 | $0.016019 |
| Support Level 2 | $0.009310 |
BEAM Resistance & Support Levels
Beam (BEAM) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Beam (BEAM) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Beam (BEAM) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.019063 Price = $0.029343 (50MA < Price) | Bullish/Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 80.697942 <30 = Oversold 50-70 = Neutral >70 = Overbought | Overbought |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Beam (BEAM) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Beam (BEAM) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Beam (BEAM).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 23.366056 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 91.65 <50 = Low >50 = High | High volatility |
Comparison of BEAM with BTC, ETH
Let us now compare the price movements of Beam (BEAM) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of BEAM is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of BEAM also increases or decreases respectively.
Beam (BEAM) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Beam (BEAM) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| Beam (BEAM) Price Prediction 2025 | $0.046 | $0.0076 |
| Beam (BEAM) Price Prediction 2026 | $0.061 | $0.0093 |
| Beam (BEAM) Price Prediction 2027 | $0.084 | $0.0098 |
| Beam (BEAM) Price Prediction 2028 | $0.092 | $0.0114 |
| Beam (BEAM) Price Prediction 2029 | $0.124 | $0.0217 |
| Beam (BEAM) Price Prediction 2030 | $0.15 | $0.0252 |
Conclusion
If Beam (BEAM) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish BEAM price prediction for 2024 is $0.055628. Comparatively, if unfavorable sentiment is triggered, the bearish BEAM price prediction for 2024 is $0.009310.
If the market momentum and investors’ sentiment positively elevate, then BEAM might hit $0.05. Furthermore, with future upgrades and advancements in the Bem ecosystem, BEAM might surpass its current all-time high (ATH) of $0.03014 and mark its new ATH.
FAQ
1. What is Beam (BEAM)?
Beam is a gaming-focused blockchain platform powered by the Merit Circle DAO, utilizing the BEAM token as its native crypto asset for transactions and governance within its network.
2. Where can you purchase Beam (BEAM)
Beam (BEAM) has been listed on many crypto exchanges, which include Binance, Bybit, DigiFinex, BingX, and Bitget.
3. Will Beam (BEAM) reach a new ATH soon?
With the ongoing developments and upgrades within the Beam platform, BEAM has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Beam (BEAM)?
On February 13, 2024, Beam (BEAM) reached its new all-time high (ATH) of $0.03014.
5. What is the lowest price of Beam (BEAM)?
According to CoinMarketCap, BEAM hit its all-time low (ATL) of $0.004241 on October 29, 2023.
6. WillBeam (BEAM) reach $0.05?
Beam (BEAM) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Beam (BEAM) will hit $0.05 soon.
7. What will be Beam (BEAM)price by 2025?
Beam (BEAM) price is expected to reach $0.046 by 2025.
8. What will be Beam (BEAM) price by 2026?
Beam (BEAM) price is expected to reach $0.061 by 2026.
9. What will be Beam (BEAM) price by 2027?
Beam (BEAM) price is expected to reach $0.084 by 2027.
10. What will be Beam (BEAM) price by 2028?
Beam (BEAM) price is expected to reach $0.092 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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