Berachain’s BERA Airdrop Surges 71% – Can it Overtake Solana?
The price of Berachain (BERA) has experienced a 71% increase overnight as the new layer-one network launches its mainnet and lists its native token on several major exchanges.
Berachain has allocated 15.75% of its 500 million BERA supply to its airdrop, with various contributors, community members, and key partners eligible to receive the new token.
However, BERA has since dropped after reaching a record high of $14.83, with a decrease to $7.56, representing a drop of 48.7%.
Despite the decline, Berachain’s proof-of-liquidity mechanism aims to offer a more decentralized and efficient form of staking, making it one of the best new tokens to consider buying.
Berachain has launched with significant momentum, with Brevan Howard Digital and Framework Ventures leading a $100 million Series B funding round for the network in April.
The network’s standout feature is its proof-of-liquidity consensus mechanism, which aligns security and liquidity within the network. It rewards apps and validators that provide more in-demand services, ensuring growth corresponds with utility.
This fundamental premise has generated significant hype for Berachain, as demonstrated by its recent listing on exchanges such as Coinbase, OKX, Binance, Kraken, and Bitget.
The airdrop is currently underway, and eligible participants must use Ethereum-compatible wallets like MetaMask and OKX Wallet.
Despite the excitement surrounding the airdrop, many recipients have already sold their BERA tokens. The chart shows a decline since yesterday’s peaks, which is common for newly listed tokens.
Although the current chart may appear concerning, it is worth noting that BERA has actually increased by 8% since reaching its recent low eight hours ago.
The market’s current mood, still affected by the possibility of a trader war between the US and other nations, has not helped BERA sustain a strong opening rally.
Despite this, with its strong backing and unique fundamentals, Berachain has the potential to become the next major layer-one network, even if it may not surpass Solana in the near future.
Therefore, BERA could potentially reach $10 in the next few weeks before setting a new record high in the second half of the year.
Presale tokens offer the greatest potential returns
While BERA is promising at the moment, many traders may be disappointed to have missed out on the airdrop. However, there are options for investors who want to enter a trade at the earliest stage, before any potential rallies.
One option is to consider presale tokens, which often experience significant momentum when they are first listed.
Solaxy (SOLX) is one of the most exciting presales currently, having already raised an impressive $18.5 million in its token offering.
Investors are showing strong interest in Solaxy because it will launch Solana’s first-ever layer-two network, addressing common issues like failed transactions, network congestion, and outages.
SOLX will be the native token of Solaxy and will be used to pay for the network’s low transaction fees, providing it with significant utility. As the platform gains traction, demand for SOLX is expected to grow.
Furthermore, token holders will have the opportunity to stake their tokens, further increasing demand over time.
The presale will end in the next few weeks, but latecomers can still participate by visiting Solaxy’s website, where SOLX is currently selling at $0.001628.
The price of SOLX will continue to rise before the sale ends, so those interested in Solaxy should act quickly to secure the best potential returns.
Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes only and does not constitute investment advice. There is a possibility of losing all of your capital.
