Upbit Listing Propels BEAM Price 40% Higher, Eyes All-Time High

Upbit’s decision to list BEAM on its platform has caused the price of the cryptocurrency to soar by 40%. This surge in price has also reignited hopes of BEAM reaching its all-time high. Currently trading at $0.3361, BEAM has seen a remarkable increase of 21.65% and holds a market cap of $1.60 billion. The recent listing on Upbit has contributed to a surge in trading volumes and investor interest. Since its launch in October 2023, BEAM has struggled to surpass the resistance of $0.035, trading within a range of $0.021 to $0.032. However, if the current positive trend continues, BEAM could experience a 5% increase to $0.0367, followed by a potential rally to $0.038535, bringing it closer to its all-time high of $0.04434. On the other hand, if BEAM fails to maintain its position above $0.03056, it could face a decline to $0.02589 and potentially drop even further to $0.02156. The BEAM token plays a crucial role in the Beam network, which is a gaming ecosystem powered by the Merit Circle DAO, providing a collaborative space for gamers and developers.