TLDR
Beam (BEAM) experiences a 25% price surge following its listing on Upbit, South Korea’s largest cryptocurrency exchange.
The listing has provided BEAM with increased visibility and accessibility, driving up demand and trading volumes.
BEAM is trading at $0.331 with a market cap of $1.65 billion, and its price has risen by 25.06% over the past seven days.
The $BEAM token is integral to the Beam gaming network, serving as the primary currency for transactions and smart contract interactions within the ecosystem.
The cryptocurrency market has witnessed a significant development as Beam (BEAM), the native token of the innovative Beam gaming network, experienced a remarkable 25% price surge following its listing on Upbit, South Korea’s largest cryptocurrency exchange.
This milestone has not only bolstered BEAM’s market performance but also shed light on the growing importance of the Beam ecosystem in the gaming industry.
Upbit’s decision to list BEAM has proven to be a catalyst for the token’s price rally, as the exchange’s extensive user base and market reach have significantly increased BEAM’s visibility and accessibility.
Welcome Korea! https://t.co/wrSiTIqJgg
— Merit Circle (@MeritCircle_IO) May 31, 2024
The listing, which includes trading pairs against Korean Won (KRW), Bitcoin (BTC), and Tether (USDT), has attracted a diverse group of investors and traders, leading to a substantial increase in trading volumes.
At the time of reporting, BEAM is trading at $0.331, boasting a market capitalization of $1.65 billion. Over the past seven days, the token’s price has surged by an impressive 25.06%, outperforming both the global cryptocurrency market and similar Ethereum Ecosystem cryptocurrencies.
This outstanding performance highlights the strong investor confidence and positive market sentiment surrounding the Beam project.
The $BEAM token serves as the backbone of the Beam network, a cutting-edge gaming ecosystem powered by the Merit Circle DAO.
Designed to foster collaboration between gamers and developers, Beam aims to revolutionize the gaming industry by integrating blockchain technology seamlessly.
The Beam SDK, a versatile software development kit, provides game developers with the tools necessary to create immersive and engaging gaming experiences.
Within the Beam ecosystem, the $BEAM token plays a crucial role as the primary currency for transactions and smart contract interactions.
By enabling the transfer of assets and facilitating seamless interactions within the network, $BEAM adds significant value to the ecosystem, enhancing its utility and appeal to both gamers and developers.
As the Beam network continues to gain traction, the recent price surge and increased trading activity surrounding the $BEAM token demonstrate the growing recognition of its potential.
The post Beam (BEAM) Price Soars 25% After Upbit Exchange Listing appeared first on Blockonomi.
