Merit Circle

Beam

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Avalanche

According to CoinMarketCap data, the cryptocurrency Beam, powered by Merit Circle DAO, tops today’s gainers with 43.8% growth in the last 24 hours. 
Despite Beam’s X account getting suspended, Merit Circle DAO’s official account shared a January update with a progress update that ignited bullish sentiment. The earlier tweet, dated Dec. 28 and reshared on Jan. 3, states that the Beam subnet on Avalanche has seen 768,254 blocks produced, over 1 million total transactions, and boasts 362,435 addresses since its launch three months ago. 
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 A thriving network ❇️ When we zoom into the Beam subnet on Avalanche, there’s a lot of traction and daily activity. The numbers 🔢⬇️ Blocks produced: 768,254 Total transactions: 1,012,646 Total addresses: 362,435 Contracts: 255 Games building on Beam: 20— Merit Circle (@MeritCircle_IO) <a href="https://twitter.com/MeritCircle_IO/status/1740334855639171123?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 28, 2023</a>
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The thread also highlighted a series of games built on the platform, including Age of Battles. 
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 Beam to USD price chart | Source: <a href="https://coinmarketcap.com/currencies/onbeam/" target="_blank" rel="noopener">CoinMarketCap</a>
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Positive sentiment may also be spillover from “buy the dip” mentions on social media that have risen to an all-time high since March, following a negative review from&nbsp;<a href="https://crypto.news/why-is-crypto-down-today-matrixport-and-other-fud/" target="_blank" rel="noreferrer noopener">Matrixport</a>&nbsp;about Bitcoin ETF approvals that had previously put some downward pressure on the world’s largest cryptocurrency. 
 You might also like: <a href="https://crypto.news/beam-slides-into-top-gainers-list-with-33-spike-to-new-ath/"> BEAM slides into top gainers list with 33% spike to new ATH </a> 
Beam (BEAM) utilizes the BEAM token as its native crypto asset within its gaming ecosystem. With the Beam SDK, developers can shape in-game blockchain elements, fostering collaboration between gamers and developers.&nbsp; 
BEAM has since initiated significant rallies, achieving new all-time highs during this period. The asset encountered occasional resistance, and the initial major hurdle surfaced at the $0.00876 price level. Currently, Beam’s price hovers near resistance, potentially leading to selling pressures in the near future.&nbsp; 
At the time of writing, BEAM is sitting at $0.02287 with a live market cap of $1,116,557,867, an impressive 90.4% price surge in the last 30 days. 
 Read more: <a href="https://crypto.news/analyst-details-potential-beam-price-volatility/"> Analyst details potential BEAM price volatility </a>

Beam up 43% as today’s top crypto gainer

crypto.news

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