On Thursday, the launch of the Berachain (BERA) cryptocurrency strategy attracted significant attention from the cryptocurrency trading community. Ethereum's (ETH) competitor has delivered a shock to the cryptocurrency industry by announcing an Airdrop of 79 million BERA tokens, worth over $632 million and accounting for 15.8% of the Token's total supply, to the community on Thursday.
Berachain, a high-performance Layer-1 blockchain similar to EVM and secured through Proof-of-Liquidity (PoL), aims to disrupt the global web3 ecosystem and is backed by renowned investors such as Hack VC, Polychain, Framework Ventures, and Brevan Howard Digital, among others.
Short and Long-Term BERA Price Predictions
The mid-cap Altcoin with a fully diluted market capitalization of around $3.7 billion and an average 24-hour trading volume of around $2.2 billion, has been listed on major cryptocurrency exchanges at around $13.27. Over the past 24 hours, the BERA price has decreased by approximately 3.5% to around $7.58 on Friday, February 7, during the London session.
After $BERA was listed, a whale made a profit of $589K by shorting $BERA in less than 2 hours.
He deposited 1.6M $USDC to #Hyperliquid 16 hours ago and shorted $BERA at ~$13.
Then he closed the Short position and withdrew 2.19M $USDC, making a profit of $589K.… pic.twitter.com/2pN3jaN12t— Lookonchain (@lookonchain) February 7, 2025
Notably, a large investor made a profit of $589,000 by shorting BERA immediately after its launch through the Hyperliquid platform.
Medium-Term Expectations
In the Short-term, the BERA price will gradually correlate with the price action of Bitcoin (BTC) in the context of the highly anticipated altseason. A potential BTC price recovery will attract more Token BERA buyers and trigger a new price surge in the near future.
Based on a conservative assessment, the BERA price could reach a target range of $15.15 to $28.76 by the end of 2025.
In the Long-term, the BERA price is positioned to rise strongly, reaching between $82 and $130 by 2026. With the inflow of capital into cryptocurrencies showing a positive correlation with the increase in the US M2 money supply, Berachain could easily achieve a market capitalization of over $25 billion by 2028.
