Beam Coin Price in May 2021

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BEAM Coin Price

beam coin price

Today, the BEAM Coin Price is 0.828 USD and its 24-hour trading volume is 29,940,859 USD. The BEAM Coin Price has declined 35.29% in the last 24 hours. It ranks 357th on the CoinMarketCap list and has a live market value of 96,463,850 USD. 88,285,800 BEAM coins have a circulating supply and max. It has a supply of 262,800,000 BEAM coins.

What Is BEAM Coin?

what is beam coin

BEAM Coin uses MimbleWimble integration. It is the first privacy-focused cryptocurrency to offer both scalability and 100% privacy. BEAM gives its users full authority over their own data and in return does not compromise its performance. Beam uses the Equihash proof-of-work algorithm due to its capacity to process large amounts of data and to avoid problems.

It was launched in January 2019 and has managed to reach the masses with its MimbleWimble integration. Like BEAM Coin, GRIN Coin is another currency that uses MimbleWimble integration, prioritizing privacy. However, GRIN Coin was launched a few days after BEAM Coin, and it is a privacy-focused crypto currency like BEAM Coin.

Although the biggest feature of BEAM coin is its privacy, BEAM Coin Halving also has an important place for investors. Like Bitcoin Halving, Beam is known to experience a halving of the block reward within a certain period of time and automatically reduce the block reward by half.

BEAM Coin has both a hidden transactions and a hidden assets model. This model allows to hide multiple asset types, new currencies, real estate tokens and other similar cryptocurrencies. Many individuals and organizations, including institutional investors, can use the Beam platform to hide both their transactions and assets.

The Beam coin network also has an atomic swap feature and a time-adjusted transaction feature. By supporting the immutable digital signature feature, Beam further increases both confidentiality and non-reversal of transactions.

Chart  of BEAM Coin

Beam Coin started trading at $ 0.65 in 2019 which is the first date of its introduction to the market, and the BEAM Coin Price increased to $ 2.5, breaking the all-time record on June 25, 2019. The BEAM Coin Price, which fell significantly after the famous bull period in 2019, decreased to $ 0.22 on March 13.

Beam was expected to be hard hit by the big drop on March 12, and it happened. However, it has been observed that the BEAM Coin Price has increased almost twice since then.

Thoughts on BEAM Coin

beam coin

BEAM Coin Mining is also seen as one of the features that draws attention and has a place in the comments of experts. CEO of BEAM, Alexander Zaidelson, stated in a statement on the subject that she was confident that the mining infrastructure and high-level security will take BEAM to the highest levels.

Riccardo Spagni, one of the leading developers of Monero, one of Beam’s biggest competitors, also emphasized that the Mimblewimble privacy technology is quite “impressive”. Beam coin took advantage of these features in terms of price and jumped to the top as soon as it entered the market. The Beam network includes CLI wallet, desktop wallet application, Beam network node, OpenCL and Cuda mining clients.

How to Buy BEAM Coin?

Beam coin can be easily and securely purchased via Binance, one of the world’s largest crypto money exchanges, depending on its trade volume and preference. The Beam coin has Bitcoin, Tether and Binance Coin trading pairs on Binance, and the Beam trading pair, which currently has the highest volume globally, appears to be BEAM / BTC on Binance.

BEAM Coin can also be purchased from several money exchanges other than Binance. These exchanges are as follows;

This article is for informational purposes only about BEAM Coin Price. It should not be applied as investment advice.

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