↑ Beam Coin Sees Significant Market Activity Amid Price Upswings and Some Backlashes

In recent news, significant attention has been pointing towards Beam Coin. In 2024, a notable price surge of 45% in a day was witnessed, and a number of articles begin speculating its potential as one of the several crypto coins under a dollar worth investing in. Besides, Beam, a cryptocurrency wallet emerging as a rival to Venmo, has dived into stablecoin-powered shopping. The integrated crypto token experienced a major listing announcement which substantially led its price to jump by 25%.

Optimistically, the Beam wallet now enables Amazon and Shopify purchases through stablecoins while facilitating its blockchain capabilities to expand into the gaming ecosystem. Amidst market surges, Beam has successfully made impressive gains.

However, it wasn't all good news as a phishing attack led to the loss of $5.1M worth of Beam, causing its price to drop by 7%. Still, despite these setbacks, its price resumed rallying more than once with increases up to 43%. Further, Merrit Circle DAO, a gaming ecosystem, announced an investment partnership with Beam implying strong potential growth for the latter.

Looking towards the future, the Beam network suffered a minor setback from a phishing scheme, which resulted in the loss of 181 million Beam tokens. Furthermore, JPMorgan's CEO expressed caution on investing in Bitcoin, thus directing focus towards other altcoins like Beam for upcoming moves in the market.

Beam Coin News Analytics from Thu, 15 Aug 2019 07:00:00 GMT to Sat, 15 Jun 2024 07:00:00 GMT - Rating 7 - Innovation 8 - Information 6 - Rumor 4