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

• The bullish BEAM price prediction ranges from $0.342 to $0.452.
• Analysis suggests that the BEAM price might reach above $0.55 soon.
• The BEAM bearish market price prediction for 2024 is $0.02012.

What is 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.

BEAM Market Overview

BEAM Current Market Status

According to CoinMarketCap, BEAM is hovering over $0.02309 at the time of writing, with a total of 47,351,513,874 BEAM in circulation. BEAM has a 24-hour trading volume of $178,576,222, with a 143.85% increase. And during the past 24 hours, the price of BEAM increased by 8.45%. 

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 63 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.

Looking at the charts, the candlesticks were moving upward while trying to reach new highs. While trying to move upwards, the candlesticks resided in the top half of the band and broke through the upper band. However, after touching the upper band, the candesticks faced a fall as part of the price correction. 

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.

The RSI is currently valued at 45.54, which is a massive decrease in value after it had reached the overbought region earlier. After making a bearish cross, the RSI fell deeper, way below the 50 level, which could indicate that the price may continue to fall for a long time. It should be noted that a fall in RSI is a normal reaction to its residence in the overbought region. 

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.

The red bars forming on the histogram highlight a slight bear trend in the market. Although the previous indicators stated it was a price correction, the MACD points out clearly that the bears may have sneakily entered the market as a form of price correction. If the short-term doesn’t turn immediately, there may be a chance that the candlesticks could continue to fall, dropping their value even further. 

BEAM Price Prediction 2024

The candlesticks were moving upward continuously as they continued to reach new highs for the day. However, it seems the candlesticks reached their highest peak as they entered the overbought region. When assets enter an overbought region, a retracement is expected to take place.

Similarly, BEAM also faced a retracement. However, the retracement may be short term as it could have happened to retrace its step back in the linear trend. Meanwhile, the Bull vs. Bear indicator indicates that the bears are entering the market as the BEAM is dipped in the red world. Traders should also note that the short term trends in the market make it difficult to determine whether the bulls or bears are reigning.

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.

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 $0.452 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.