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Beam Price Prediction 2025: GameFi Growth Set to Boost BEAM Performance

Last Updated
Peter Henn
Last Updated
By Peter Henn
Edited by Ryan James

Key Takeaways

  • BEAM reached its all-time high in March 2024 and has been in a downtrend since.
  • A rise in open interest suggests traders are interested in the token. 
  • One Beam price prediction says the token can reach $0.0045 in 2025. 

Since its release in late October, the price of the BEAM token has more than doubled. The Beam game development platform has gained the attention of investors, and the token reached an all-time high in March. After that, though, it fell, and on Oct. 23, 2024, BEAM was trading at about $0.0189. 

However, a recent increase in open interest  in Beam’s future suggests that the token is getting traders’ attention.

But what is Beam (BEAM)? How does Beam work? Let’s find out and also look at some of the Beam price predictions made as of Oct. 23, 2024.

Beam Price Prediction

Let’s now look at our Beam price predictions, made on Oct. 23, 2024. While we take the utmost care with our price forecasts, it is important to remember that price predictions, especially for something as potentially volatile as cryptocurrency, often end up wrong.

Minimum BEAM Price Prediction Average BEAM Price Prediction Maximum BEAM Price Prediction
2024 $0.006 $0.018 $0.022
2025 $0.012 $0.03 $0.045
2030 $0.02 $0.08 $0.12

BEAM Price Prediction 2024

In 2024, BEAM is likely to experience further volatility, potentially dropping to $0.006 if the corrective Z wave plays out. However, if the ascending channel holds, BEAM could average around $0.018, possibly reaching $0.022 if the bullish wave five is successfully completed.

BEAM Price Prediction 2025 

By 2025, BEAM may face a temporary market correction or consolidation, which could see the price drop to a minimum of $0.012. However, as market conditions improve, BEAM could average around $0.03, with the potential to reach $0.045 if a new bullish cycle takes shape and investor sentiment strengthens.

BEAM Price Prediction 2030

Looking toward 2030, BEAM may encounter market fluctuations, leading to a minimum price of $0.02. If the project continues to develop and adoption grows, BEAM could average $0.08, with a maximum of $0.12 if strong demand and technological advancements propel its value upward.

BEAM Price Analysis

After its launch in October last year, BEAM surged by 1,300%, reaching a high of $0.044 in March 2024 before entering a downtrend. After dropping to $0.02 in April and then a lower low of $0.01 in August, the price stabilized above $0.01, signaling a potential end to the correction.

 

Beam Price Analysis
Beam may have finished a corrective phase | Credit: Nikola Lazic/TradingView 

A breakout above descending resistance in October indicated the start of a new bull phase, with the price rising to $0.021. However, BEAM is showing signs of struggle near current highs, raising questions about whether it will continue upward or face a downturn.

Short-term BEAM Price Prediction

The ascending channel formed after August could either signal the start of a bullish trend or a continuation of the correction. BEAM could rise to $0.022 if momentum holds, but if it falters, a bearish scenario could push the price as low as $0.006 with another corrective wave.

Beam Short-term Price Prediction
Can Beam keep its momentum up? | Credit: Nikola Lazic/TradingView 

The Beam price prediction for the next 24 hours will all depend on whether it can maintain momentum

Beam Average True Range (ATR): Beam Price Volatility

The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. 

BEAM ATR
BEAM ATR | Credit: Peter Henn/TradingView 

A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels. On Oct. 23 2024, BEAM’s ATR was 0.00073, suggesting low volatility. 

Beam Relative Strength Index (RSI): Is Beam Overbought or Oversold?

The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above and below the 50 line also indicate if the trend is bullish or bearish

BEAM RSI
BEAM RSI | Credit: Peter Henn/TradingView 

On Oct. 23 2024, BEAM’s RSI was at 58, indicating bullish conditions.

Beam and the CCN Index

The CCN Index uses a range of indicators to measure a cryptocurrency’s price momentum.

BEAM CCN Index
BEAM CCN Index | Credit: CCN

On Oct. 23, 2024, BEAM scored 35.8 on the CCN Index, suggesting relatively weak momentum.

Beam Price Performance Comparisons

Current Price One Month Ago Price Change
BEAM $0.0189 $0.01803 +4.82%
IMX $1.45 $1.86 -22%
KAS $0.132 $0.1676 -21.2%
RENDER $5.10 $6.30 -19%

Best Days and Months to Buy Beam

We took a look at the Beam price history and found the best times to buy BEAM.

Day of the Week Monday
Week 46
Month February
Quarter Fourth

BEAM Price History

Let’s now examine some of the key dates in the Beam price history. While past performance should never be used as an indicator of future results, knowing what BEAM has done in the past can give us some much-needed context when making or interpreting a Beam price prediction.

Beam Price History
BEAM price history | Credit: CoinMarketCap 
Time Period Beam Price
One week ago (Oct. 16, 2024) $0.01746
One month ago (Sept. 23, 2024) $0.01803
Three months ago (July 23, 2024) $0.01965
Launch price (Oct. 29, 2023) $0.004241
All-time high (March 10, 2024) $0.04434
All-time low (Oct. 29, 2023) $0.004241

Beam Market Cap

The market capitalization, or market cap, is the sum of the total number of BEAM in circulation multiplied by its price.

Beam Market Cap
Beam market cap | Credit: CoinMarketCap 

On Oct. 23, 2024, Beam’s market cap was $922 million, making it the 75th-largest crypto by that metric. 

Beam Supply and Distribution

Supply and distribution Figures
Maximum Supply 62,434,008,330
Circulating supply (as of Oct. 23, 2024) 49,466,004,168 (79.23% of maximum supply)

From the Beam Whitepaper

In its technical documentation or whitepaper , Beam says it aims to make creating games on the blockchain easier.

It says: “Beam is a sovereign network focused on gaming brought to you by the Merit Circle DAO. Powered by the established Avalanche network, Beam operates independently to cater towards gamers and game developers.”

Beam (BEAM) Explained

The BEAM cryptocurrency supports the Beam network. The platform is designed to be a place where developers can create online games. 

Based on the Avalanche (AVAX) blockchain, it should not be confused with the Beam blockchain, a network created to allow blockchain users greater privacy. 

However, while Beam is based on Avalanche, BEAM is based on Ethereum (ETH). 

How Beam Works

The Beam  network allows people to transfer their Ethereum-based applications onto the system. To build on Beam, developers need the approval of four people from a panel of eight members of the Merit Circle DAO. 

The BEAM token pays for transactions on the platform. It can also be bought, sold, and traded on exchanges. 

Because BEAM is based on Ethereum, it is a token, not a coin. You might see references to such things as a BEAM coin price prediction, but these are wrong.

Is Beam a Good Investment?

It is, perhaps, still a little too early to tell. While BEAM has performed well since coming out, the platform is still in its early stages. We don’t know whether it can continue to rise or whether its recent upturn is just a spike. 

As always with crypto, you should do your own research before deciding whether or not to invest in BEAM.

Will Beam go up or down?

No one can really tell right now. While the Beam crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can and do go down and up. 

Should I invest in Beam?

Before deciding whether to invest in Beam, you will have to do your own research, not only on BEAM, but on other related coins and tokens such as GALA. Either way, you will also need to ensure you never invest more money than you can afford to lose.

Technical analysis by Nikola Lazic.

FAQs 

How many BEAM are there?

On Oct. 23, 2024, there were 52.1 billion BEAM in circulation out of a total supply of 62.4 billion.

Will BEAM reach $0.10?

It could do, just not for a little while. Our Beam price prediction suggests the token could, potentially, break the 10 cent barrier in 2030.

What is BEAM used for?

BEAM pays for transactions on the Beam platform. People can also buy, sell, and trade it on exchanges.

 

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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Peter Henn

Peter Henn has been a journalist since 2005. In that time, he has written for a variety of publishers including the Mail on Sunday and the Daily Express. He has previously covered the world of cryptocurrency for Currency.com and Capital.com, and has also written for ECigIntelligence.com and CBD-Intel.com. A graduate of the University of Liverpool, he is based in the United Kingdom. His hobbies include music, horse racing and performance art.
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