Up-and-coming projects like Celestia and SEI Network are grabbing attention with major upgrades and partnerships today, while privacy coin BEAM eyes a bullish breakout. But away from the spotlight, presale offerings like Sponge V2 and TG.Casino are vying for the title of the best crypto to buy now by presenting tantalizing opportunities for early adopters as potential Bitcoin alternatives.
After riding out market turbulence in December, privacy-focused cryptocurrency BEAM entered 2024 on a more even keel, securing a base early in the new year.
Recently declining for multiple weeks, BEAM has rebounded after finding support at its Fib 0.5 retracement level.
Near-term indicators suggest the recovery has momentum, with BEAM’s price potentially rising to retest its current swing high of around 25% above current levels.
@beamprivacy 4-year halving will happen on block 2628000.
4817 blocks to go, 4817 blocks = 4817 minutes = 3.45 days.$BEAM #mining #pow #privacy #crypto pic.twitter.com/TYX9EZ3IFd
— intern.Privacy (@BeamIntern) January 4, 2024
Adding to the bullish outlook is BEAM’s upcoming halving event, which will cut its emission rate in half. This reduced token supply could provide a boost in its price.
With BEAM trading around $0.022389, up 18.54% so far today, its double-digit gains make it a standout crypto to watch moving forward.
Backed by positive technical and on-chain developments, BEAM appears set to leave its December lows behind in 2023.
Sei has made headlines with its version 2 advancements, promising to enhance transaction processing speeds and system resilience.
These improvements and Ethereum compatibility have piqued market interest, as reflected in SEI’s notable price increase and the new all-time high of $0.8828
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