Couldn't hold back anymore, bought some $bera around 3.7.
Bear Chain @berachain, this L1 is truly an odd existence. Over the past two months, its TVL has been consistently stable above $2 billion, ranking seventh among public chains.
However, the token price has been quite bleak, possibly due to the negative impact of early VC tokens. After several rounds of surges and pullbacks, it started to decline steadily, failing to break the $9 high point twice.
Currently priced at $3.7, with a previous low of $3.2, circulating market cap of $410 million, and FDV of $1.9 billion. It's one of the few projects where the token market cap is lower than the chain's TVL. Among the top ten, it's the only one with an FDV below $10 billion.
Not to mention its market cap being lower than $SUI, which ranks behind it, or even $APT, which couldn't outperform it. Among all public chains, bera seems to have the highest cost-performance ratio right now. It's time for the whales to show their strength.
The price has been consolidating between $3.2-$3.8 for a while, showing signs of stabilizing. There might be a short-term pullback. If you're considering building a position, it's recommended to leave room for additional buys and enter in batches.
【Top 10 Backtesting Models】
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