{"id":314024,"date":"2024-05-31T14:30:17","date_gmt":"2024-05-31T09:00:17","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=314024"},"modified":"2024-05-31T14:35:19","modified_gmt":"2024-05-31T09:05:19","slug":"beam-price-jumps-25-amid-major-listing-announcement-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/beam-price-jumps-25-amid-major-listing-announcement-crypto-news\/","title":{"rendered":"Beam Price Jumps 25% Amid Major Listing Announcement – Crypto News"},"content":{"rendered":"

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South Korea\u2019s largest cryptocurrency exchange, Upbit, recently announced the listing of Beam (BEAM), leading to a significant increase in trading volumes. This announcement has had a profound impact on the market, sparking considerable interest among investors and traders alike.<\/p>\n

The listing on Upbit, known for its large user base and extensive market reach, has provided BEAM<\/a> with heightened visibility and accessibility. As a result, the demand for BEAM surged, driving its price up by as much as 25%. The exchange\u2019s decision to include BEAM reflects growing confidence in the asset\u2019s potential and marks a pivotal moment in its market trajectory.<\/p>\n

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Beam (BEAM) Price Jumps 25%<\/h2>\n

The impact of the Upbit<\/a> listing on Beam\u2019s market performance has been remarkable. Shortly after the announcement, Beam\u2019s native cryptocurrency saw a staggering 26% increase. At the time of reporting, BEAM is trading 21.65% higher at $0.331, boasting a market capitalization of $1.6 Million. Over the past seven days, BEAM\u2019s price has risen by an impressive 25.06%. The trading time for Beam on Upbit opens at 18:00 \u2013 19:00 KST on May 31. The open interest<\/a> of BEAM has surged over 40% with a valuation of $30 Million and the RSI (Relative Strength Index) is at the 71.99 level signaling bullish presence.<\/p>\n

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Upbit\u2019s decision to list BEAM in multiple trading pairs against Korean Won (KRW), Bitcoin (BTC)<\/a>, and Tether (USDT) has played a crucial role in this price surge. This diversification has not only enhanced BEAM\u2019s liquidity but also attracted a broader spectrum of investors, further solidifying its position in the market. The robust trading activity following the listing underscores the strong investor confidence and the positive market sentiment surrounding BEAM.<\/p>\n

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Also Read: Lawmakers Call on Biden to Reconsider Veto of SAB 121 Repeal<\/a><\/strong><\/p>\n

Understanding the $BEAM Token and Beam Network<\/h2>\n

The $BEAM token serves as the cornerstone of the Beam network, an innovative gaming ecosystem powered by the Merit Circle DAO. Beam is designed to foster a collaborative environment where gamers and developers can jointly shape the future of the gaming industry. Central to this ecosystem is the Beam SDK, a versatile software development kit that offers game developers a range of tools to integrate blockchain<\/a> technology into their games seamlessly.<\/p>\n

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The $BEAM token is vital for interactions within the Beam network, serving as the primary currency for transactions. This includes not only the transfer of assets but also interactions with smart contracts, which are essential for creating a seamless and immersive gaming experience. By enabling these functionalities, the $BEAM token adds significant value to the ecosystem, enhancing the utility and appeal of the Beam network. The recent listing on Upbit and the subsequent price surge highlight the growing recognition of BEAM\u2019s potential in revolutionizing the gaming industry.<\/p>\n

Also Read: Crypto Prices Today May 31: Bitcoin Tops $68.5K, ETH Below $3,800 While NOT Pumps Non-Stop<\/a><\/strong><\/p>\n

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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South Korea\u2019s largest cryptocurrency exchange, Upbit, recently announced the listing of Beam (BEAM), leading to a significant increase in trading volumes. This announcement has had a profound impact on the market, sparking considerable interest among investors and traders alike. The listing on Upbit, known for its large user base and extensive market reach, has provided […]<\/p>\n","protected":false},"author":2,"featured_media":314031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-314024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/314024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=314024"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/314024\/revisions"}],"predecessor-version":[{"id":314033,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/314024\/revisions\/314033"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/314031"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=314024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=314024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=314024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}