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TLDR
- Investors are impressed with Beam’s February recovery.
- Chiliz (CHZ) has also jumped to the $0.10 range.
- NuggetRush (NUGX) has sold nearly 200 million tokens as its presale glory continues.
Beam has launched its bridge to Ethereum. Paris Saint Germain (PSG) has joined Chiliz as a validator.
NuggetRush (NUGX) has also gone a step closer towards launching its mining game after selling over 199 million tokens. Its mining adventures will offer gold rewards to gamers once it goes live. Yet, can NUGX join the best cryptocurrency investments of 2024? Let’s discuss.
BeamPrivacy Records February Surge
Beam has enjoyed increased investor sentiment in mid-February, continuing its late 2023 surge. Like many top altcoins that rallied at the end of 2023, Beam recorded a price decline in January.
However, Beam has now recovered amid increased interest in its privacy tokens. BEAM traded at $0.09929 on January 15. It jumped by 3.9% to $0.1032 on February 9. BEAM fell by 5.4% to $0.09756 on February 12 before jumping by 14.5% to $0.1118 on February 23.
Analysts expect a jump in Beam’s services following the launch of its bridge to the Ethereum ecosystem. The bridge would enable smooth cross-chain transactions between both networks.
Furthermore, demand for privacy coins is rising, as evidenced by Litecoin’s launch of Mimblewimble. Such demand could increase FOMO around BEAM, potentially pushing its price up by 34.9% to $0.1509.
Chiliz Partners with PSG Soccer Team
Chiliz (CHZ) has announced that Paris Saint-Germain (PSG), a French soccer club, would join its network. PSG would become a validator on the Chiliz chain. Furthermore, PSG announced that it would spend its revenue from validating Chiliz on buying fan tokens. The move represents Chiliz’s (CHZ) plans for network expansion.
The excitement around the news could boost CHZ’s recent performance. CHZ traded at $0.07759 on January 8. Over two weeks later, CHZ jumped by 38.9% to $0.1078 on January 25. CHZ fell by 7.9% to $0.09923 on February 5 before a 27.1% increase to $0.1262.
Chiliz (CHZ) could jump further due to plans for its Tokenomics 2.0 model. The upgraded tokenomics model would include a gradual decline in its annual inflation rate and a perpetual token burn mechanism.
Increased token burns could boost demand for Chiliz, thus pushing CHZ’s value up by 23.2% to $0.1555. Furthermore, such price increase would boost its standing among other altcoins.
Experts Reveal Bewilderment as NuggetRush’s Presale Reaches New Highs
NuggetRush’s (NUGX) combination of valuable gaming rewards and challenging mining experiences will soon be available for crypto gamers. When it launches, gamers will easily set up mining gigs in its ecosystem, earning high-value rewards.
A key aspect of the gameplay on NuggetRush (NUGX) is equipping yourself to have a mining operation. This involves the purchase of machinery and workers from the game’s marketplace. Skillful selection of game assets is necessary. Characters possess different levels of skill, luck, and rarity.
NuggetRush’s (NUGX) NFT assets are also part of the valuable financial collectibles in the game. You can sell your NFT avatars to other gamers, earning money for your game collectibles. Players can also reap up to 20% APY if they stake their NuggetRush (NUGX) NFTs for a fixed period.
NuggetRush (NUGX) could be about to eclipse many other gaming altcoins. Its blockchain ICO has sold nearly 200 million NUGX tokens despite being less than two months away from the project’s official launch. Decentralized exchanges will list NUGX after a value pump to $0.020, a 5.2% increase from its current value of $0.019.
The crypto prices today saw a shift to the green as Bitcoin (BTC) witnessed a significant uptick and sustained over the $49,000 mark after a high of hitting $50,358. Whilst, Ethereum surged past the $2,600 level and registered a significant downturn. Whilst, other top altcoins, such as XRP, Solana (SOL), and Cardano (ADA) witnessed significant gains owing to the bullish turn.
Major Crypto Prices Today
The Bitcoin price sustained over $49,000 today. The Bitcoin price was down by 3.79%, reaching $49,928.80 at the time of writing on Tuesday, Feburary 13. On the other hand, it’s trading volume spiked by 75.24% to $34.16 billion in the last 24 hours. Meanwhile, the crypto boasted a market cap of $980.34 billion
Turning to altcoins, the Ethereum price surged 6.12% to $2,649.41 at press time with market valuation of $318.41 billion. Whilst, ETH saw its trading volume skyrocket by 101.47%, reaching $14.28 billion. Furthermore, the Binance Coin (BNB) price gained by 2.13% in value, reaching $326.70. Whilst, its 24-hour trade volume soared by 37.80% to $992.05 million.
The Solana price broke the $110 mark today. The Solana price was up by 7.91%, settling $114.16 Furthermore, SOL witnessed a 83.54% increase in trade volume to $2.80 billion in the last 24 hours. Moreover, the XRP price attained the $0.53 level. The XRP price recorded a gain of 1.65%, settling at $0.5309. In addition, XRP’s trading volume surged by 35.20% to $1.01 billion.
Meanwhile, the Cardano price witnessed an increase of 3.10% to $0.5542 today. Moreover, it recorded a 16.91% hike in its 24-hour trading volume, settling at $509.30 million. As the top crypto prices saw a positive shift, the meme coin space benefitted too. The Dogecoin price rose by 2.11% to $0.08217 while its competitor, Shiba Inu, registered a 2.72% gain in value and traded at $0.000009576.
Also Read: Shibarium Braces For ‘Big Win’ Amid Bitcoin Bull Run & Inflow Surge
Top Crypto Prices Today Are
Pepe Coin Surges 9%
The Pepe Coin (PEPE), a meme coin, gained notable today. At press time, the Pepe Coin price was up by 9.18% to $0.000001097 with a market valuation of $460.97 million. In contrast, its 24-hour trade volume soared by 65.47% to $109.42 million.
Beam Rallies 13%
The Beam (BEAM) crypto, a popular gaming token, rallied over 13% on Tuesday. The Beam price soared by 13.12% to $0.02961 at the time of reporting with a market valuation of $1.52 billion. Moreover, its trade volume jumped by a 41.96% to $119.13 million.
Also Read: Franklin Templeton Joins Ark, BlackRock in Spot Ether ETF Pursuit
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The crypto prices today have witnessed notable gains over the weekend, suggesting that investors are again putting their bets on the digital asset space. Meanwhile, according to experts, the recent rally in the crypto prices could be due to the recent dovish remarks from the Fed officials.
In a Friday speech, Federal Reserve Chair Jerome Powell resisted market expectations for immediate aggressive interest rate cuts, emphasizing it’s premature to declare victory over inflation. However, despite recent positive price indicators, Powell affirmed the Federal Open Market Committee’s commitment to maintaining restrictive policy until convinced that inflation is securely returning to the 2% target.
In individual crypto prices, the Bitcoin price experienced gains of 1.62% over the last 24 hours and traded at $38,807.70. The latest yearly high of the crypto has bolstered the confidence of the market participants, with several investors now anticipating the crypto to hit $40,000. Notably, over the past week, it has added nearly 3%.
However, looking at the prices of the other top cryptos, it appears that the market sentiment is somewhat mixed on Saturday, December 2. For instance, the Ethereum price declined 0.13% to $2,095.44 during writing, while its trading volume over the last 24 hours fell 2.59% to $9.05 billion. Simultaneously, the BNB price fell 0.21% to $229.32 at the same time, with its trading volume remaining flat at $593.60 million.
In contrast, the XRP price added 0.27% from yesterday to $0.6136, while its trading volume plunged 14% to $845.52 million in the last 24 hours. In addition, the Cardano price witnessed gains of 1.58% to trade at $0.3859, and its one-day volume fell 17% to $228.49 million.
Within the meme coin category, cryptocurrencies have observed modest gains, indicating investors’ willingness to make speculative bets in this domain. Meanwhile, the Dogecoin price soared 0.40% to $0.08428 as of writing on December 2, while its trading volume fell 29% to $475.51 million. Additionally, the Shiba Inu price rose 0.61% to $0.00000841 during writing, and its volume from yesterday fell 56% to $104.22 million.
Meanwhile, despite mixed price movements among the major cryptos, the overall crypto market cap rose 1.13% from yesterday to $1.46 trillion. On the other hand, the total crypto volume jumped 4.31% over the last 24 hours to $46.75 billion. Notably, the crypto market fear and greed index increased to 72, suggesting growing confidence of the traders.
Also Read: US SEC Faces Threat Of Court Sanctions Over Handling Of Crypto Firm
The Top 4 Cryptos For Today Are
Pepe Coin Witnesses Slight Gains
The Pepe Coin experienced modest gains on December 2, as investors regained confidence in the crypto market, as witnessed by the recent high touched by Bitcoin on Saturday. Meanwhile, the Pepe Coin price was up 0.25% to $0.000001106 during writing, and its trading volume rose 13.79% to $45.78 million at the same time.
Beam Rises 15%
The Beam (BEAM) crypto was among the top movers in the crypto market on Saturday, suggesting that investors are increasing their focus on the crypto. As of writing on December 2, the BEAM price jumped 15.23% and traded at $0.01124, while its one-day volume skyrocketed 336.20% to $65.98 million. Notably, over the last seven days, the crypto has added nearly 31%.
Terra Classic (LUNC) Soars 14%
The Terra Classic price jumped 14.49% to $0.0001369 as of writing on December 2, reflecting the current bullish sentiment in the broader crypto market. However, crypto has been on the investors’ radar lately, as seen by a surge of nearly 83% in its price over the last seven days. Meanwhile, its trading volume from yesterday soared 189.76% to $349.76 million.
Stacks (STX) Jumps 13%
The Stacks crypto was another top gainer in the digital asset space on Saturday, gaining significant attention from the market participants. Meanwhile, the Stacks price was up 13.29% to $0.7961 as of writing on December 2, while its trading volume over the last 24 hours rocketed 118.03% to $141.36 million at the same time.
Also Read: SBF Trial, Bankman Fried Chooses Not to File Post-Trial Motions
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Considering Buying Gxchain, Solana, Cardano, Beam, or Stormx? PRNewswire
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► FREE Giveaway: https://www.coinbureau.com/promo/giveaway
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Helpful Links
► Website: https://beam.mw/
► Whitepaper: https://docs.beam.mw/Mimblewimble.pdf
► Position Paper: https://docs.beam.mw/BEAM_Position_Paper_v0.2.3.pdf
► GitHub: https://github.com/BeamMW/beam
► Documentation: https://documentation.beam.mw/
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Socials
► Official Blog: https://medium.com/beam-mw
► Twitter: https://twitter.com/beamprivacy
► Telegram: https://twitter.com/beamprivacy
► Community Site: https://beamprivacy.community/
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Project Overview
Beam is a privacy-oriented, open-source cryptocurrency that focuses on scalability using the Mimblemwimble protocol.
In addition to privacy, Beam boasts features that include opt-in auditability, sustainability, and versatility.
The network can perform 17 transactions each second, which is much faster than Bitcoin and other more noteable privacy cryptocurrencies.
Technology
The MimbleWimple protocol integrates several concepts into one hybrid blockchain. This creates a network that offers improved privacy and efficiency. As a result, the two areas addressed by the MimbleWimble protocol are scalability and privacy.
For performance and scalability, MimbleWimble removes unnecessary transactions while simultaneously combining intermediary transactions
Using the MimbleWimble protocol means Beam has access to the “cut-through” features which are what makes scaleability a reality with the project.
Token
Beam held no crowdsale or pre-mine although they are rewarding their initial investors through the coin emission.
Beam has a supply of nearly 263 million tokens, which the project uses on a deflationary emission schedule. This is based on block rewards during halving events, along the same lines as Bitcoin.
Beam is also attempting attempting to stave off the threat of ASIC miners by tweaks in its algorithm. This will be for the first 18 months of its development.
Team, Partners & Development
CEO Alexander Zaidelson began his career working in software development. He founded both Wikitup and Nareos, and eventually served as the VP of Product at WeFi.
Alex Romanov is Beam’s CTO, and comes from a background involving several complex projects while managing large R&D teams
There appears to be quite a bit of activity in Beam’s GitHub repositories which shows that they have been pushing code.
Still left to do on their upcoming roadmap are the following:
– Multisig capabilities
– Support for Trezor and Ledger hardware wallets
– Creation of a decentralized marketplace in the Beam wallet which will allow for Atomic Swaps
– Initial Features of the Opt-in audit
Trading & Wallets
Beam is available on many different exchanges, doing over $1 million in daily trading on platforms like Hotbit, BW.com, DragonEx, and CoinSuper.
You can trade Beam against BTC, ETH, and USDT on most of these exchanges. The trading books of Beam aren’t as deep as they are for more popular coins, it still does over $100,000 in trading with BTC.
For storage, Beam has their own proprietary wallet. It’s available on macOS, Linux, Windows, Android, and iOS.
Trezor integration is also in the works and will be imminently launched.
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Disclaimer
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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