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The Beam price surged 34% in the last 24 hours to trade at $0.157147 as of 8:15 a.m. EST with trading volume skyrocketing 367% to $99 million.
This surge may in part be attributed to the $BEAM block emissions scheduled for a halving on January 8. The token emissions will be halved from 26,280,000 $BEAM emitted per year to 13,140,000.
*Correction: The $BEAM emissions Halving will take place on "8th January, 2024 (01:00 UTC)"
— BeamPrivacy (@beamprivacy) January 3, 2024
Beam is designed as a deflationary cryptocurrency characterized by a capped supply. It undergoes a halving process every four years, and the emission ceases entirely after 133 years.
The Beam Price Is Poised To Reach New Highs
BEAM is on a bullish trend following a prolonged consolidation period, with a strong support zone established at $0.028. The breakout above the $0.06 resistance point marked the initiation of an upward trend, targeting the $0.32 resistance zone.
Despite facing resistance at $0.32, the bulls show resilience, reclaiming control near the $0.09 support level. This resilience suggests the potential for a sustained bullish trend, allowing the price to surpass the $0.32 resistance.
The price is currently trading above both the 50-day and 200-day Simple Moving Averages (SMAs), indicating strong bullish momentum. This convergence of moving averages adds weight to the positive trend.
The Relative Strength Index (RSI) is bullish, rebounding from the 50 midline level and currently at 69. This suggests significant buying pressure in the market, supporting the ongoing upward momentum.
The Beam Price Prediction
Beam bulls continue the bullish trajectory, supported by the convergence of moving averages and a positive RSI. The support zone at $0.09 might catapult the prices above the $0.32 zone, a potential 75% increase from the current price.
However, bears could take advantage of the current resistance level and trigger a further correction below the $0.09 support zone as bulls regroup at $0.06.
As Beam’s price continues to soar, investors are eagerly purchasing MK as it approaches its conclusion. Experts predict the token will quickly achieve a 10X increase upon launch, sparking widespread FOMO in the crypto community. This positions MK as an attractive alternative to BEAM, whose price might start correcting soon.
Meme Kombat Nears Launch, Last Chance to Buy
Meme Kombat (MK) has successfully raised $5.9 million and is within touching distance of its $6.5 million target. Investors looking to be a part of this project have limited time left to secure their MK tokens before the presale phase ends and the token gets listed on various major crypto exchanges, where crypto experts predict the coin might explode.
All the in-depth information is available in our Telegram community, so please go read up on everything Meme Kombat there:https://t.co/cYeENKON2m
— Meme Kombat (@Meme_Kombat) January 3, 2024
Meme Kombat is an innovative project that combines the viral appeal of internet memes with cutting-edge technology to create an engaging and entertaining gaming experience. The platform features automated battles between various meme coins, with the outcomes determined transparently on-chain for tamper-resistant results.
Buy MK Tokens Now for 10X Returns
MK tokens are priced at just $0.268 per token, but that will increase imminently. The increases will continue until the presale hits its $6.5 million target. According to indications, that may happen very soon.
4 hours to go!
Remember: This is your last chance to get $MK at a lower price than when we launch👀⏰ pic.twitter.com/FzcFUg35JA
— Meme Kombat (@Meme_Kombat) January 4, 2024
Additionally, if you buy your MK tokens today, you have the golden opportunity to stake them and earn an impressive 158% annual percentage yield (APY).
Jacob Bury, a popular crypto analyst and YouTuber, has reviewed Meme Kombat extensively. He’s disclosed his investment in the project and sees the potential for a 10X return. He also referred to it as the “Next Pepe Coin.”
You can buy MK tokens at the official Meme Kombat website.
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