Beam (BEAM) The Combination of These Two Blockchain Protocols Gives a Positive Signal? - Kakiforex.com - Financial Market Media No. 1 in the World Beam (BEAM) The Combination of These Two Blockchain Protocols Gives a Positive Signal? Beam (BEAM) The Combination of These Two Blockchain Protocols Gives a Positive Signal?
InstaForex

July 12, 2021

Beam (BEAM) The Combination of These Two Blockchain Protocols Gives a Positive Signal?

 BEAM serves as a decentralized financial confidential platform (DeFi), running on a combination of two blockchain protocols (LelantusMW and Mimblewimble).


Launched in March 2018 by some of Beam’s leading team members including Alexander Zaidelson, Alex Romanov and Amir Aaronson.


Uniquely, the blockchain beam is built on the C ++ programming language from scratch, enabling financial counterparties to make secure, stable and reliable transactions as well as helping eliminate user data mismanagement problems keeping the system cleaner and more secure.


Next, examine the current movement chart of the BEAM/USDT price


The price movement can be seen to have succeeded in producing an increase of more than 600% in last season's Bull, recording the latest all -time high (ATH) to reach the $ 2.10 price level on April 10.



From a technical point of view, the BEAM price movement is seen to be giving a positive signal to create a bullish momentum to retest the resistance zone around $ 0.54.


The next expectation is that if the price movement continues to see such momentum, it may break the $ 0.54 Resistance zone and head to the next resistance zone around $ 0.60 to be tested before making a higher rise.


However, if the price movement shows a downward trend, the price movement will re -test the RBS zone (resistance become support) around $ 0.48 before continuing the decline to the lowest level ever recorded.


At the time of writing, BEAM/USDT is trading at around $ 0.52 with a market value of over $ 48 million in the last 24 hours. Coins are currently ranked 430th in the crypto market.