SHORT BEAM
Looking at CoinMarketCap's top losers list you can see that the cryptocurrency by the name of BEAM is present.
Losing over 8% in the last 24hours I still see more downside for this crypto.
BEAM lost 24.52% of its trading volume in the last 24hours.
What Is Beam? (Beam)?
The
BEAM token serves as the native crypto asset for the Beam network, a gaming network empowered by the Merit Circle DAO. Beam is an ecosystem where gamers and developers come together to shape the future of the gaming industry. One of its core components is the Beam SDK, which is a flexible software development kit that enables game developers to choose between a variety of tools that can be used to fuel and structure their in-game blockchain elements.
To interact with Beam,BEAM is required. This is the native crypto asset used within the Beam network to pay for transactions. This not only includes transfers of assets but also involves all interactions with smart contracts on the Beam network, facilitating a seamless, immersive gaming experience.
Besides functioning as a gas token that fuels the Beam network,BEAM is the heart of the governance of the Merit Circle DAO. This decentralized autonomous organization (DAO) was brought to live in early 2021 to revolutionize the gaming industry. The BEAM token allows its holders to participate in governance of this DAO.
Also looking at price performance for BEAM, its current price is 69% below its all time high.
My price point for BEAM is at 0.010325$.
My stoploss is at 0.015348$.
It gives us a 1.89 risk/reward which is a high risk move.
Losing over 8% in the last 24hours I still see more downside for this crypto.
BEAM lost 24.52% of its trading volume in the last 24hours.
What Is Beam? (Beam)?
The
BEAM token serves as the native crypto asset for the Beam network, a gaming network empowered by the Merit Circle DAO. Beam is an ecosystem where gamers and developers come together to shape the future of the gaming industry. One of its core components is the Beam SDK, which is a flexible software development kit that enables game developers to choose between a variety of tools that can be used to fuel and structure their in-game blockchain elements.To interact with Beam,
BEAM is required. This is the native crypto asset used within the Beam network to pay for transactions. This not only includes transfers of assets but also involves all interactions with smart contracts on the Beam network, facilitating a seamless, immersive gaming experience.Besides functioning as a gas token that fuels the Beam network,
BEAM is the heart of the governance of the Merit Circle DAO. This decentralized autonomous organization (DAO) was brought to live in early 2021 to revolutionize the gaming industry. The BEAM token allows its holders to participate in governance of this DAO.Also looking at price performance for BEAM, its current price is 69% below its all time high.
My price point for BEAM is at 0.010325$.
My stoploss is at 0.015348$.
It gives us a 1.89 risk/reward which is a high risk move.
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