Beam (BEAM) Price Prediction 2024-2030: Will BEAM Price Hit $1 Soon?

• The bullish BEAM price prediction ranges from $0.0552 to $0.452.
• Analysis suggests that the BEAM price might reach above $0.1 soon.
• The BEAM bearish market price prediction for 2024 is $0.0162.

What is (Beam) BEAM?

According to the document, Beam is highlighted as a gaming blockchain, providing an ecosystem for gamers and developers to reshape the future of the gaming industry. It is a community-driven chain, giving gamers and developers a unique opportunity to experience the best blockchain gaming experience with Beam’s powerful and flexible solution.

Beam is operated as an Avalanche subnet, making use of the network’s scale, speed, and security features. Beam has developed a reputation-based consensus method called Proof-of-Authority (PoA). With this consensus mechanism, it values the validator’s reputation as they are “handpicked” based on their trustworthiness.

BEAM is the token that serves as the native token for the Beam network. BEAM can be paid for transactions as well as all interactions with smart contracts on the Beam network. Apart from the gas token, it performs and plays a vital role as a governance token, allowing holders to participate in the governance process.

One of the benefits of Beam is its compatibility with the Ethereum Virtual Machine (EVM). Through this compatibility feature, developers can seamlessly port Ethereum-based applications onto Beam, opening a world of possibilities in building immersive and engaging games; hence, making it easier for developers. 

As a growing ecosystem, it has a lot of external tools and dApps, such as: Beam AMM Swap, Beam LayerZero Bridge, Beam Mainnet Subnets Explorer, Beam Testnet Subnets Explorer, Sphere, and BeamOS. The Beam AMM Swaps are considered the ecosystem’s official decentralized exchange to swap tokens. The Beam LayerZero Bridge enables bridging assets between the mainnet and testnet, including other networks.

Beam’s Mainnet Subnets Explorer is a tool to explore transactions and more on the Beam mainnet. The Testnet Subnets Explorer is an explorer dedicated to developers and testers. Sphere is the designated marketplace for conducting transactions on unique gaming NFTs. Finally, the BeamOS is described as the gateway into the Beam ecosystem.

BEAM Market Overview

BEAM Current Market Status

According to CoinMarketCap, BEAM is hovering over $0.02993 at the time of writing, with a total of 51,506,767,188 BEAM in circulation. BEAM highlights that it has a trading volume change of 8.07% in 24 hours. And during the past 24 hours, the price of BEAM increased by 13.56%. The most popular exchanges to trade BEAM are Binance, Uniswap, Bybit, Gate.io, and others. Let’s continue with our BEAM price research for 2024.

BEAM Price Analysis 2024

By market capitalization, BEAM ranks 52 on CoinMarketCap’s list of the biggest cryptocurrencies. Will BEAM’s most recent improvements, additions, and modifications help the BEAM price rise? First, let’s focus on the charts in this article’s BEAM price forecast.

BEAM Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

BEAM’s initial spike started in the early days of December, probably caused by optimistic sentiment generated by the altcoin bull run. During the bull run, the candlesticks tested the upper band of the Bollinger Bands several times before facing the standard expected procedure of retracement. 

During the earlier retracement step, the candlesticks were able to hold their support at a higher value compared to their earlier support line before BEAM’s bull run. BEAM tried to spike beyond its highest point; however, it was unable to break beyond its highest point. 

In several situations, the candlesticks attempted to break beyond the upper band; however, they immediately faced a retraction, pulling them back to the weak support line. Unexpectedly, the Bollinger bands squeezed the candlesticks, restraining any further momentum. The Bollinger Bands, however, highlighted that a spike may be happening soon.

 Soon enough, the candlesticks began hugging the upper band as the band expanded over time. This indicated that the surge would be growing during a highly volatile period. As the bands have expanded nearly to its limit, there may be a chance that indicator could contract. 

During its contraction period, the candlesticks may fall as a means to correct its value. Like earlier, there is a chance that candlesticks could take support from a higher support line, enabling BEAM the opportunity to continuously grow in value.

BEAM Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered an overbought region, and traders expect the price to fall soon.

During BEAM’s bull run, the RSI hit the overbought region several times. When it did cross above the 70 level, the RSI and the price would face a retracement. Over the long period, the RSI had hit the oversold region once. It seems that BEAM’s buyers would push it back before it touched the oversold region. 

Currently, the RSI, after making a bullish cross, continues to move upwards to the overbought region. The RSI continued to reside in the overbought region for some time. Finally, the RSI fell below the SMA and retraced away from the overbought region. At the time of writing, RSI is valued at 62.09 as it is pointed downward. The downward momentum may continue for some time before accumulation takes place. 

BEAM Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at the 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role, as it can confirm trends and identify potential reversals.

After its initial price surge, BEAM was able to stay above the 200 SMA, often signaling bullish sentiment. Although the candlesticks fell below the 200 SMA, they were able to recover soon. For some time, the candlesticks were moving above and below the 200 SMA, suggesting a consolidation. Finally, the recent bullish sentiment was confirmed after the altcoin shot up above the 200 SMA. 

The MACD indicator also mentioned that the green bars forming on the histogram also suggested that the altcoin was experiencing a positive sentiment. However, the recent height of the green bars has been reducing over time, suggesting that the bullish momentum may end soon.

BEAM Price Prediction 2024

After the altcoin surge in the past, the candlesticks fell to the support line at $0.018468, which was near the 0.786 Fib level. From then on, the altcoin would continue to move sideways over a specific price range. The support line had also become one of the particular areas where trading activity was high and has become a point of interest for the traders.

With the recent surge over the short term period, the candlesticks broke through several resistance levels, reaching new price values. Implementing the Fib levels during the price surge, we can notice that $0.27250 and $0.025028 have the standard pullback zones where traders can expect a fall. However, the fall may become even deeper if it fails to hold on to the earlier common pullback zones.

On the other hand, if the overall altcoin market experiences a positive sentiment, then, it could continue to surge and could break its current high value. It is expected that the next massive surge could push it to the $0.04 level. The next target would be $0.055 and $0.071, respectively. An extreme bullish sentiment could make BEAM reach the $0.1 level easily. 

BEAM Price Prediction 2025

BEAM could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, BEAM will continue to rise in 2025, forming new resistance levels. It is expected that BEAM will trade beyond the $1.22 level if the buyers’ optimism for this altcoin is high.

BEAM Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, BEAM could tumble into its support regions. However, when BEAM remains in the oversold region, there could be a price correction soon. BEAM, by the end of 2026, could be trading beyond the $0.98 resistance level after experiencing the price correction.

BEAM Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. BEAM is expected to rise after its slumber in the bear season. Moreover, BEAM could even break more resistance levels as it continues to recover from the bearish run. Therefore, BEAM is expected to trade at $2.046 by the end of 2027.

BEAM Price Prediction 2028

Once again, the crypto community is looking forward to this year, as there will be a Bitcoin halving. Like many altcoins, BEAM will continue to form new higher highs and is expected to move on an upward trajectory. Hence, BEAM would be trading at $4.857 after experiencing a massive surge by the end of 2028. 

BEAM Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, BEAM could be trading at $4.961 by the end of 2029.

BEAM Price Prediction 2030

After witnessing a bullish run in the market, BEAM and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, BEAM could be trading at $4.538.

BEAM Price Prediction 2040

The long-term forecast for BEAM indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments, as hodlers may expect to sell some of their tokens at the ATH point. However, BEAM may face a slight fall before starting its upward journey once again. It is expected that the average price of BEAM could reach $15.376 by 2040.

BEAM Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, BEAM could surpass the resistance level of $26.821.

Conclusion

To summarize, if investors continue to show interest in BEAM and add these tokens to their portfolio, then it could continue to rise. BEAM’s bullish price prediction shows that it could pass beyond the $0.0552 level in 2024. Moreover, BEAM could surpass the $26.821 level by the end of 2050. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.