Merit Circle DAO, a gaming-focused cryptocurrency group, has launched its new Beam network. avalanche Now it appears that the subnet is gaining traction, with its BEAM token soaring 36% over the past day and 25% over the past week, according to CoinGecko. data.
As of this writing, BEAM’s price is around $0.022, close to its all-time high of $0.027 recorded on December 14th.
The Beam subnet has also seen a surge in total transactions on the network since mid-December, reaching a new all-time high of over 103,000 transactions per Avalanche network on Wednesday. data. and more five hundred thousand The total wallet address has been linked to Beam’s blockchain since launch.
Last month, the Beam blockchain team added a Polygon-based blockchain. Immutable zkEVM blockchain Added to the list of compatible chains for the Sphere NFT Marketplace and broader technology stack offerings. Despite seeing prices fall on Wednesday in the wake of Bitcoin flash crashImmutable’s IMX token has bounced around 4% over the past day, but is still down around 4.6% over the past week. CoinGecko.
The BEAM token fell about 9.5% on Wednesday, but has already rebounded significantly. Other Top 20 Gaming-Focused Cryptocurrencies Based on market capitalization. Besides BEAM, only Merit Circle’s governance token and Yield Guild Games’ token saw double-digit increases in the gaming space after Wednesday’s drop.
Why is BEAM pumping? One is self-introduction Beam “Maxi” propose to decryption There may be a message saying “FOMO There is a rush to buy tokens, which causes the price to rise (in cryptocurrency, “maxis” or “maximalists” usually buy, promote and believe in the future of certain cryptocurrency tokens and criticize others).
Marco van den Heuvel, co-founder of Merit Circle, said: decryption The message is that Beam’s surge in transactions is likely driven by activity from “one or two” games that have been “only partially deployed” on Beam so far. The Bastards of Balathrun and Necoverse: City of Greed. However, memecoins like BeamCat also watch and log activity. Total trading volume over $290,000 Trading in the last 24 hours according to GeckoTerminal data.
Notably, Beam’s official Twitter account was recently suspended, while Merit Circle’s account continues to operate. Huebel said decryption He sent a message saying he believed the Beam account was deleted because it had been “reported in high numbers from fake accounts.”
Heuvel said Beam account impersonators have already emerged in an effort to scam users, and the team has contacted Twitter support to resolve the issue.
Edited by Ryan Ozawa.
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