Track market-moving stories before they get noisy

3 mins read April 13, 2024

Merit Circle, a blockchain based game guild announces that more than 37 billions BEAM was burnt, token which the guild aims to regulate supply and the potential increase of its value among the exchange platforms. The coin burn has caused the token to fall 13.7% on the day, making the analysts to think about the prospects for the company and the entire crypto-industry. Merit Circle, one of the prominent blockchain game guilds in the decentralized world, made a huge announcement on April 13, which is about the casino game P3 Protocol, that they own majority shares dealing with the administration of the guild. It has been disclosed that Merit Circle is going to burn 37,551,413,982 BEAM tokens and with this Such a maneuver is a daring move that allows the newcomer to the cryptocurrency ecosystem to steal the thunder and focus the attention of the entire crypto-community, on that matter, where tokens burns are used to regulate supply and to potentially raise the value of remaining tokens in circulation.

Hence, Merit Circle’s move of burning a staggering number of tokens purports their desire to offer a viable economic scenario that is sustainable. The guild’s action to restrict the amount of tokens available on the market is aimed at increasing the level of scarcity and can potentially make tokens with no reliance on their supply more attractive or valuable. But this big token burn has had a convoluted effect on BEAM’s price in the market with the last 24-hour price getting down 13.7% in accordance with the CoinGecko data.

Market impact and speculation Consequently, many have come to think about Merit Circle as either a beneficiary or an aggressor in the cryptocurrency market. Despite the fact that the long-term effects of this dramatic -50% drop in supply are yet to come to the fore, the current short term reaction has caused the BEAM market value to dip. This decline of price was likely to be as a result of some market factors we are yet to know if the algorithm burn has any direct link or not to the current trend.

Cryptocurrency experts and investors are widely monitoring this signal since drastic events could potentially escalate to the crypto market that has been holding extreme prices in the past timeframes. The potential impact of that could be setting examples for other crypto players as well as other projects seeking a more efficient token economy might lead to the general adoption of this approach.

Bearing the future of BEAM tokens News on the token burn of the Merit Circle project has set off the buying wave in the market, and so, the market now desires to know the impact of the quickly developing BEAM token system on the latter’s ecosystem as well as holders. The decision to freeze the token’s liquidity could be seen as having two effects that are very opposite; it either brings a recovery of the share price due to the increase in scarcity or market adjustments based on the investor perception and the market dynamics.

The cutting-edge strategy by Merit Circle reflects the ever-evolving trials and experiments in cryptoeconomics, in which burns of tokens is just one technique by digital assets to stabilize or increase token prices. The prospect of BEAM tokens are going to be reliant on the mix of market response, overall crypto market directions, and the right steps of the Merit Circle team.

The crypto community will be keeping tabs on how the business is doing and if this bold take by Merit Circle will effect a positive reappraisal of BEAM or if it will be a warning to the other projects thinking of doing similar hash large-scale token burns. The impression through which this act can impact future policies in blockchain gaming and the broader cryptocurrency sector may well be influenced.

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Haseeb Shaheen

As a Web Researcher and Internet Marketer, Haseeb Shaheen delivers relevant valuable content for audiences. He focuses on financial and crypto market analysis, as well as technology-related areas that help people change their lives.

Merit Circle, a decentralized autonomous organization (DAO), focuses on enhancing the play-to-earn (P2E) economy. The project aims to create a new era of gaming where playing favorite games transcends being a simple hobby into a lucrative opportunity. Although launched on November 4, 2021, development has been underway since July 2021. Despite being a recent initiative, it boasts a large community with over 64,800 followers on Twitter.

Merit Circle currently supports the popular P2E project Axie Infinity, a monster battle game with the highest transaction volume. As play-to-earn models slowly expand into the crypto metaverse, employers and developers are acquiring skills that will soon be in high demand.

The DAO plans to support Star Atlas, Illuvium, and Hash Rush. For instance, Star Atlas is described as the most ambitious blockchain game, while Illuvium appears as a survival game set in an alien world, and Hash Rush is a sci-fi/fantasy RTS set in the fictional Hermeian galaxy, where players must build and battle once again.

While the concept behind Merit Circle is not entirely new, the project itself is a leading DAO with the aim of maximizing value accrual in various games based on the metaverse. Its platform is the intersection of capital, expertise, investors, the games represented by the platform and its managers, and of course, the players.

The potential returns the project could generate may translate into potentially life-changing earnings for some players. Players have recognized the value of the scholarship program created for them, and currently, there are over 500 scholars actively playing Axie Infinity.

In addition to benefiting players and liquidity providers, significant revenues are flowing into Merit Circle. More is expected, especially as Merit Circle DAO now begins to focus on other opportunities in the metaverse through new games.

Merit Circle also boasts an impressive list of partners, including DeFiance Capital, Spartan Group, Yield Guild Games, and more. These and others have praised Merit Circle for creating a scalable operational process that can grow, evolve, and sustain new members effectively.

All partners and a group of angel investors helped the company raise $4.5 million during its startup phase.

Additionally, according to a post on Merit Circle’s Medium, the project has been audited by one of the leading security assessment firms in the industry, Quantstamp. Initially, Quantstamp identified 12 points, analyzed all aspects of the project, and addressed the issues immediately, followed by code reviews by several top individual developers.

How to Purchase Merit Circle Coin?MC Coin can be securely and swiftly purchased through Binance, the world’s largest cryptocurrency trading platform in terms of transaction volume. To buy MC Coin, one must first register on Binance and then send fiat currency, such as Turkish Lira or USD, after which the purchase can be made in the trading pairs of Bitcoin (BTC), BUSD, and Tether (USDT) where MC is traded.

In addition, on Binance, users can place buy orders not only at market prices but also at lower prices. To do this, use the Limit tab, entering the amount you wish to buy and the price you wish to pay.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Gameplay Galaxy raises $24M seed round for Web3 gaming platform

Story HighlightsThe live price of the BEAM crypto is Loading live price .Beam is building a privacy-focused DeFi ecosystem using Mimblewimble and LelantusMW, aiming to enable confidential transactions, assets, and smart contracts.If adoption of private DeFi grows, BEAM could recover toward $0.0505 by 2026 and potentially reach $4.41 by 2030 with stronger ecosystem expansion.Privacy has become a major topic in blockchain. While many once believed Bitcoin transactions were anonymous, blockchain tools later showed that most transfers can be traced.

Beam was created to solve this problem.

Launched in March 2018, it is a privacy-focused DeFi platform that uses Mimblewimble and LelantusMW to hide wallet balances, transaction amounts, and user identities.

Unlike many privacy coins that focus solely on payments, Beam is gradually expanding into a private DeFi ecosystem, integrating NFTs, decentralized exchanges, and confidential smart contracts.

With the token currently trading near $0.023, investors are now asking whether Beam could become a major player in the emerging privacy-first DeFi sector.

Here is CoinPedia’s Beam (BEAM) price prediction for 2026, 2027, and 2030.

Let’s explore.

Loading price prediction overview

Beamm Price TodayCryptocurrencyTokenPrice Market Cap24h VolumeCirculating SupplyTotal SupplyAll-Time HighAll-Time LowBeam (BEAM) Price Targets For March 2026In recent years, regulatory debates around data transparency and financial surveillance have pushed many blockchain users toward privacy-enhancing protocols.

Beam’s architecture is designed specifically for this use case.

The platform uses Mimblewimble technology, which compresses blockchain data while hiding transaction details. Combined with LelantusMW, it enables users to create fully private transactions without exposing balances or transaction histories.

Beyond payments, Beam is also expanding its private DeFi toolkit, including confidential assets, decentralized exchanges, and NFT functionality.

If these developments gain traction and more users begin prioritizing privacy in DeFi, BEAM could attempt to move toward $0.0035 by March 2026.

MonthPotential Low ($)Potential Average ($)Potential High ($)Beam  Price Prediction March 2026$0.0202$0.02861$0.0350Beam’s long-term value depends largely on whether privacy becomes a critical feature in decentralized finance.

Public blockchains provide transparency, but they also expose transaction histories and wallet balances. For institutions, traders, and everyday users seeking financial confidentiality, this can be a major limitation.

Beam’s approach combines confidential transactions with scalable blockchain design, which could make it attractive for private DeFi applications.

If Beam successfully integrates more financial tools, such as private lending markets, decentralized exchanges, and tokenized assets, it could gradually attract liquidity into its ecosystem.

Technical AnalysisLooking at the BEAM/USDT 1-day chart, it shows the price moving within a clear descending channel, indicating a slow downtrend over several months. 

Recently, BEAM bounced again from the key support zone near $0.021–$0.022, which shows that buyers are still defending this area. The current price of around $0.023 suggests a small recovery after touching the lower boundary of the channel.

For the trend to turn bullish, BEAM must break above the channel resistance and the breakout zone near $0.035. If that happens, the next targets could appear around $0.042 and later near $0.0505 by the end of 2026.

However, if the price fails to hold the $0.021 support, the downtrend could continue with further downside pressure.

YearPotential Low ($)Potential Average ($)Potential High ($)Beam Price Prediction 2026$0.018$0.3503$0.0505Beam Price Prediction 2026 – 2030YearPotential Low ($)Potential Average ($)Potential High ($)2026$0.018$0.3503$0.05052027$0.030$0.092$0.29732028$0.094$0.5070$1.022029$0.376$1.32$2.572030$0.930$2.86$4.41Beam Price Prediction 2026If privacy-focused DeFi applications expand and Beam’s ecosystem gains liquidity, the token could approach $0.0505.

BEAM Price Prediction 2027Meanwhile, by 2027, stronger adoption of confidential financial tools may push BEAM toward $0.297.

Beam Price Forecast 2028If private decentralized exchanges and confidential NFTs gain popularity, BEAM could climb to $1.02.

Beam Coin Price Prediction 2029Greater demand for financial privacy and institutional experimentation with confidential blockchain infrastructure may move BEAM toward $2.57.

Beam (BEAM) Price Prediction 2030By 2030, if Beam becomes a leading platform for private DeFi and confidential asset transfers, the token could reach $4.41.

What Does The Market Say?Year202620272030Changelly$0.602$0.342$0.157Coincodex$0.079$0.033$0.086Digitalcoinprice$0.0720$0.11$0.21CoinPedia’s Beam (BEAM) Price PredictionFrom CoinPedia’s perspective, Beam stands out as a privacy-focused blockchain attempting to bring confidential transactions into decentralized finance.

While many blockchains prioritize transparency, Beam is building infrastructure for users who require financial confidentiality without sacrificing scalability.

If the project continues expanding its private DeFi ecosystem and regulatory debates increase demand for privacy-preserving technologies, BEAM could gradually reclaim the $0.0505 range in 2026.

YearPotential Low ($)Potential Average ($)Potential High ($)2026$0.018$0.3503$0.0505Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsWhat is the Beam (BEAM) price prediction for 2026?

BEAM could trade between $0.018 and $0.0505 in 2026 if adoption of privacy-focused DeFi grows and the project expands its confidential financial tools.

How high can Beam price go in 2030?

Beam could reach around $4.41 by 2030 if privacy-focused DeFi adoption grows and its ecosystem expands with confidential smart contracts and private trading tools.

What is the Beam price prediction for 2040?

If privacy becomes a major part of DeFi and Beam continues expanding its ecosystem, the token could trade significantly higher by 2040, though long-term forecasts remain uncertain.

Does Beam coin have a future?

Beam has potential if demand for blockchain privacy increases. Its focus on confidential DeFi, private assets, and scalable transactions may support long-term growth.

Is Beam a good coin to buy?

Beam may interest investors seeking privacy-focused crypto projects. Its success depends on adoption of private DeFi tools and overall market conditions.

Story Ends Here

Disclaimer and Risk WarningThe price predictions in this article are based on the author's personal analysis and opinions. CoinPedia does not endorse or guarantee these views. Investors should conduct independent research before making any financial decisions.

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[PRESS RELEASE – Hong Kong, Hong Kong, November 25th, 2024]

Web3 game studio Qooverse has secured pre-seed funding in a round led by VC firm Paper Ventures, followed by Animoca Brands, Merit Circle, and notable angels in the industry. Founded by a creative team whose professional background includes time at Tencent and Goldman Sachs, Qooverse is developing an ecosystem of mid-core and casual social games that are distributed on Telegram and more social platforms to come.

The portfolio of games revolves around the IP Qoomon, cute yet formidable creatures in an Oriental style. The games are fast-paced with an average game lasting less than 5 minutes. They are also highly social with an emphasis on PvP (Player vs Player). The flagship game Qoomon Fuse has successfully attracted a few hundred thousand players organically within a month.

“Many existing Telegram games have failed to capitalize on the power of social networks and players are unable to socialize over games with the current grinding meta,” said the studio co-founder Kyle. “With Qoomon Fuse we have successfully onboarded mass gamers via viral sharing, thanks to the unique blend of hyper-casual, social and competitive elements on Telegram. We look forward to replicating this success with our new game titles.”

Paper Ventures GP Oliver Blakey commented on his company’s investment, saying “Qooverse is the sort of innovative, value-driven project we aim to support. The team’s vast experience and fresh perspective on competitive social games positioned them as a compelling proposition. We’re very excited to see how the team will redefine gaming dynamics in the Web3 space going forward.”

Qooverse also views the omni-channel distribution as a great opportunity. The team has been distributing the games as Telegram mini-app with the next avenues being Line mini-app and Discord embedded app.

Qooverse is now looking ahead to a busy year end of 2024 that will include the launch of new game modes such as tournaments and enhancement in crypto onboarding. The next milestone will be the official launch of the game centre encompassing all the game titles, which will coincide with a Token Generation Event (TGE) in early 2025.

About Qooverse

Qooverse is a Web3 game studio founded by veterans from Tencent and Goldman Sachs. Qooverse’s mission is to redefine how the world engages with social gaming, leveraging the power of blockchain and in-depth embedment in social media platforms to bring forth a gamified social experience.

X: https://x.com/playqoomon

Telegram: https://t.me/qoomon_bot