Beam is one of the very first full Mimblewimble implementations, and if carried off successfully it brings substantial improvements in efficiency and privacy. Future plans from the project include even more innovations meant to improve the overall privacy of the cryptocurrency space. The Beam coin has a fairly short history, beginning with the January 17, 2019 mainnet launch and opening price of just over $0.57. Since there was no ICO for the token we can’t be sure what private investors may have paid prior to the mainnet launch. As a final privacy feature, Beam utilizes the Secure Bulletin Board System which permits the exchange of secure encrypted messages between wallets, even if they are not online at the same time.
Beam Price Closing History by Level
At press time, Beam exchanged hands for close to $0.014, recording an impressive 7.2% rise in intraday today. When trying to make a BEAM forecast, many traders also try to monitor the activity of BEAM “whales”, which are entities and individuals that control large amounts of BEAM. Since the BEAM market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on BEAM’s price movements. Over the past 7 days, BEAM price was most positively correlated with the price of and most negatively correlated with the price of . The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70).
BEAM price analysis for today (August 08,
Specifically, the price DAA divergence indicator suggested a potential price drop if the number of daily active addresses declines. The current BEAM sentiment is bearish according to our technical analysis. Meanwhile, at press time, Solana has briefly retraced, trading at $156 after advancing by 1.4% in the last 24 hours. However, the market is fully recovering from https://www.tokenexus.com/ the losses as Bitcoin is back at the $60K range, sustaining the threshold for the past few days. At the same time, Solana has since reached $163 following the fall to $110, marking an impressive comeback of over 40%. With their attendance at Gamescom being the biggest driver of retail investor interest, we might expect more movement once we enter the next week.
What is BEAM’s price prediction today?
Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. Beam has also introduced the concepts of confidential transactions and confidential assets as an added privacy value feature. The Beam network also emphasizes the importance of governance through the Merit Circle DAO. The primary use of Beam is to facilitate private DeFi transactions and payments, offering users a secure and anonymous means of engaging in financial activities on the blockchain. This positions Beam as a valuable tool for individuals and entities looking for privacy in their financial dealings, without sacrificing the benefits of decentralized finance. Beam, a privacy-oriented cryptocurrency, is designed to address the inherent public nature of traditional blockchain transactions which can compromise user privacy.
- More recently, the Foundation has established the Beam Sovereign Money Foundation, which helps promote and fund the development of Beam.
- Beam is one of the very first full Mimblewimble implementations, and if carried off successfully it brings substantial improvements in efficiency and privacy.
- In addition to these developments, Beam has actively engaged with its community through events such as the Beam x Nostr Summer Hackathon.
- Assets with the largest change in unique page views on CoinStats in the last 24 hours.
- Such initiatives not only foster community engagement but also drive innovation within the Beam ecosystem.
- Their collective expertise spans across various domains, contributing to the foundational structure and innovative vision of Beam.
Amid the turnaround in the market in recent sessions, few cryptocurrencies are still struggling to take decisive recovery moves. BEAM price rose nearly 25% in the recent sessions, recovering over 50% of the losses. To get a better idea of what could happen to the BEAM price in the future, it’s helpful to also explore BEAM’s price history. Coin Edition is an independent digital media company that focuses on news from the blockchain and crypto space.
What is the current BEAM sentiment?
Beam, as a cryptocurrency, is designed to address some of the most pressing issues in the digital currency space, including privacy and scalability. Its utility spans across various sectors, making it a versatile asset beam coin in the crypto ecosystem. If you would like to know where to buy Beam at the current rate, the top cryptocurrency exchanges for trading in Beam stock are currently Gate.io, MEXC, CoinEx, TradeOgre, and Giottus.
