The Beam price forecast for 2024 sheds exciting light on Merit Circle’s Avalanche subnet. But what is really behind this rapid rise? In this article, we discover the variety of games on Beam and shed light on the future prospects of this promising network. Is Beam really on its way to becoming the next leader in the play-to-earn space? Read on to find out the details and get an informed Beam price prediction for 2024.
From Merit Circle to Beam
Originally Beam was as Merit Circle (MC) known which one decentralized autonomous organization (DAO) is that on the blockchain game area has specialized. In this regard, a number of initiatives and products have been established.
Merit Circle operates partially in this regard like a hedge and venture capital fund and invests in a variety of projects, tokens, stocks and NFTs. The goal is to… to improve long-term returns of the DAO treasury and support the growth of the entire ecosystem.
Become in the P2E area Developed innovative projects and collaborated with promising projects. The aim is to create a creative space in which new, groundbreaking concepts are incubated.
Due to the sometimes high prices for in-game objects, Merit Circle (Beam) was also used Scholarships and educational programs introduced for the play-to-earn area. Likewise there is Collaborations with Yield Guild Games, Sipher and UFOto optimize the gaming experience.
At the end of 2023, a conversion of the Merit Circle Token to Beam took place. In this context, investors have receive 100 BEAM coins for each MC token. Until December 2023 87.6% of MC tokens have already been converted into Beam tokens.
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Beam Subnet launches with a number of useful applications
The Avalanche subnet Beam became only started on October 24th and has already achieved some important milestones in establishing itself in the P2E sector. Some products were already integrated into the ecosystem at the start, which can also be attributed to the history with Merit Circle.
These include, among others, the Beam Bridgewhat a Cooperation with LayerZero was created. With it, users can move assets between 50 different blockchain protocols seamlessly exchange. It is also noteworthy that LayerZero the ShimmerEVM from IOTA used to enable cross-chain communication.
The application is also important for the exchange option Beam Swap, the automated market maker with which the different assets in the Beam subnet can be exchanged. Added to this is the NFT marketplace Spherefor the exchange of non-fungible tokens.
Due to the importance of the mobile sector for gaming, the Beam Companion App released. With this, players can, among other things, manage their assets and track their statistics in the games.
With the help of BeamOS All products should be bundled and made available to users in a particularly user-friendly manner. Together with the Beam hub you can find new games, tournaments, missions and more. But developers can also benefit from the Beam SDK benefit, which offers them a flexible development environment for games.
In addition, a Dashboard developed for converting Merit Circle Coins (MC) into Beam and for staking. There will also be one soon Burn counter be added, with a total of over 167,993,832 BEAMs having already been destroyed. In December, Beam also has Partnerships with Immutable and Polygon as well as with Pantera Capital built up.
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Beam attracts a large number of developers right from the start
With over 20 games already developed on the Beam network, presents an impressive variety of gaming experiences. From strategic card games to interactive fitness apps to addictive MMORPGs and action RPGs, this range reflects the innovative strength and creativity of the developers. Here’s a quick overview of some of the advanced games on Beam:
- Age of Battles: Real-time strategy game where players collect cards and use them in battles
- Amino Rewards: Fitness app that combines gamification with everyday activities
- Arcade Galaxy: Mobile arcade racing game where players create their own mini-games
- Castle of Blackwater: Social deduction game in a mysterious 2D world
- Domi Online: Particularly hyped Web3 MMORPG in a medieval world
- Edenhorde Eclipse: Strategic card game with a unique narrative
- Forgotten Playland: Social party game that takes place in an abandoned attic
- Goon Wars: Fast-paced trading card game without a mana system
- Haven’s Compass: First-person shooter set in a post-apocalyptic world
- Megaweapon: Top-down shooter with different avatars and game modes
- Nekoverse: City of Greed: Roguelike deck building game that requires resource management and strategic planning
- Rogue Nation: Action RPG with AI-driven narrative
- Rumble Arcade: PvP squad battler that emphasizes strategy and team composition
Beam price forecast 2024
Currently Beam is with one Market cap of $908.9 million on Place 67 the largest cryptocurrencies and 3rd place among GameFi coins.
Of the total around 62.96 billion BEAM tokens there are so far with 78.66% already a large part in circulationso only a low inflation rate has to be taken into account compared to other new cryptocurrencies. With the predecessor Merit Circle, however, inflation was recently at a particularly high 210.23%.
Despite its young start, the BEAM token has already achieved one impressive rally of 293.38% and therefore rose almost twice as high in a shorter period of time than Bitcoin in the past 12 months.
Even in comparison to an index of the largest and best-known play-to-earn coins such as Nakamoto, Immutable X, Sipher, Star Atlas, Gala Games, Illuvium, WEMIX, The Sandbox and Oasys BEAM develop above average. Because the games have only increased by an average of 53% in the same time.
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After Beam last successfully break out of the triangle formation could, the token was first issued on Cluster rejected from 61.8 and 23.6 Fibonacci retracement. A correction then began, which reached the 23.6 Fibonacci retracement of the last downtrend.
The is currently located Path of least resistance on topwhile the token simultaneously receives multiple supports at the lower end. However, the correction could still extend to the $0.0168 (-8.2%) area, unless general market weakness pulls the token to the $0.010 (-45.36%) area. They are for the cops next price targets at 0.023, 0.029, 0.039, 0.054 and 0.070 USD.
In the long term, however, Beam represents one of the most interesting GameFi projects and could rise particularly strongly in the next bull market, as before. This rally should be triggered by the middle of the year at the latest and could last until 2025. Compared to other GameFi coins such as Axie Infinity and Gala Games 5x to 10x realistic, but more is also possible.
More highly anticipated GameFi projects
There are several other crypto games that investors and players are eagerly awaiting. Some of the latest and most exciting projects are briefly presented below:
Meme Kombat combines GameFi, GambleFi, AI and Memecoins in one coin
A fascinating game offers Meme Kombatwhich builds on the success of the cult game Mortal Kombat and enriches it with the cult theme of Memecoin. In this Auto battler style arena fighting game face iconic meme characters in epic battles. With the help of artificial intelligence, entertainment should be taken to the next level. Meme Kombat promises exceptionally varied and captivating gaming experiences.
Although MK uses the memecoin branding to benefit from the viral potential of memecoins, it is not an ordinary meme token. Because that well-known team of crypto experts is not anonymous as usual Smart contracts have been reviewed by independent crypto security experts and it will be a multiple benefits offered. In addition, the GameFi ecosystem includes not only a play-to-earn game, but also Betting features.
Sponge V2 aims to take gaming into the next era
The new and optimized Sponge V2 would like his capitalize on viral success, in order to advance his latest vision of a play-to-earn game. Already at the beginning of 2023, Sponge has fascinated investors as the token explosive start with almost 100x and was listed on various decentralized and centralized crypto exchanges. This underlines the potential that investors and trading venues see in the Sponge token.
Now the original and degenerate humor typical of Memecoins flow into an extraordinary play-to-earn game. This takes the main character Spongebob as a role model, although he has no connection to Nickelodeon. Due to the attractive Staking return of 394% It is easier to find investors who can finance the project unique and humorous blockchain game make possible.
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