BEAM Token Surges 31% as Upbit Lists Project Targeting Blockchain Gaming

The BEAM token is gaining on news of a listing on Upbit, the biggest crypto exchange in South Korea. Its creator, Merit Circle, posted the information on social media platform X.

The BEAM token is surging after being listed on Upbit, South Korea's largest crypto exchange. The listing was announced by Merit Circle, the creator of BEAM, on social media platform X.

Besides Upbit, the token is also available for trading on Binance, Gate.io, Bybit, Uniswap, and other exchanges.

On May 31, 2024, Upbit is listing BEAM in BTC, KRW, and USDT pairs. The trading time for Beam will begin between 18:00 – 19:00 KST. Following the listing announcement, the price of the BEAM token increased by 31%. Over the past seven days, it has risen by 25%.

Currently, the BEAM price is $0.03355, showing a 26% increase in the last 24 hours.

Beam Token Surges on Upbit Listing, Here's Why, and How to Trade It Now

BEAM market data

The open interest for BEAM has increased by over 40%, with a valuation of $30 million. The Relative Strength Index indicates bullish momentum at the 71.99 level.

On the Ethereum Mainnet, the BEAM contract address is 0x62D0A8458eD7719FDAF978fe5929C6D342B0bFcE, which will be used by the exchange. When depositing or withdrawing, traders are advised to double-check this contract address.

Initially, Upbit stated that they would limit buy orders for about five minutes after enabling trading. Additionally, they will restrict sell orders priced 10% below the previous day's closing price for about five minutes after trading begins. For about an hour, pending and market orders will be limited.

Why is the BEAM price soaring?

With its vast market reach and user base, the listing on Upbit has brought greater attention and accessibility to the token. This resulted in a surge in demand for the token, driving up its price.

A key moment in its market movement is Upbit's decision to include the BEAM token, indicating growing confidence in the asset's potential.

Should you trade BEAM now?

Since trading has just begun, the price of the BEAM token is expected to continue rising for the next few hours. The price may level off after the initial excitement.

Now might be a good time to sell the token considering the potential for a price decrease later on.

About BEAM

Merit Circle, a gaming DAO, created the gaming-focused blockchain project known as BEAM.

It is an Avalanche subnet that aims to enhance blockchain gaming by integrating various applications and technologies.

Within the Beam network, the Beam SDK enables seamless game integration. Game assets will be traded on the NFT marketplace Sphere.

NFT trading, voting, or paying transaction fees are all possible for holders with BEAM tokens.