BEAM, a GameFi token, has hit a record high of $0.03014 as the global crypto market shows bullish signs. The overall crypto market has increased by 4.3% in the last 24 hours, reaching $1.87 trillion. With Bitcoin nearing its two-year peak and altcoins on the rise, BEAM has surged by 25% in the past day to hit $733, up from $0.024. (Source: CoinMarketCap) BEAM has been experiencing strong upward momentum since the beginning of December 2023, after a significant surge of 275% over six weeks. The cryptocurrency has also strengthened its position in the GameFi category through partnerships with Immutable, Polygon, and the Merit Circle DAO, solidifying its rank as the third most valuable altcoin with a market cap close to $1.47 billion. BEAM serves as the native token of the Beam network. It acts as a token with various uses, providing energy for network functions and decision-making within the system. Beam primarily concentrates on the gaming industry, allowing developers and gamers to work together seamlessly using its token for transactions and governance within the Merit Circle DAO. Based on BEAM’s performance in the weekly timeframe, it seems likely to achieve record highs if the current trend continues. If BEAM cannot maintain a price above $0.025, there is a possibility of a reversal that could lead to a drop to important support levels at $0.021 and potentially even lower to $0.0199. Currently, BEAM is trading at $0.02844 with a daily trading volume of over $126 million, showing a substantial 73% increase in the last 24 hours.