The strategic launch of the Berachain (BERA) coin on Thursday has gained significant attention from the crypto trading community. The Ethereum (ETH) rival sent shockwaves to the crypto industry after announcing an airdrop of 79 million BERA coins, worth more than $632 million and representing 15.8 percent of the token’s total supply, to the community on Thursday.
Berachain, a high-performance EVM-identical L1 blockchain secured via Proof-of-Liquidity (PoL), intends to disrupt the global web3 ecosystem backed by reputable investors led by Hack VC, Polychain, Framework Ventures, and Brevan Howard Digital, among others.
BERA Price Prediction for Short and Long-Term
The mid-cap altcoin, with a fully diluted valuation of about $3.7 billion and a 24-hour average trading volume of about $2.2 billion, launched on major crypto exchanges at a price of around $13.27. In the past 24 hours, BERA price dropped around 3.5 percent to trade at about $7.58 on Friday, February 7, during the mid-London session.
Remarkably, a whale investor made a profit of $589k by shorting BERA immediately after launch through the Hyperliquid platform.
Midterm Expectations
In the short term, BERA price is gradually gaining correlation with Bitcoin (BTC) price action amid the highly anticipated altseason. A potential BTC price rebound will attract more BERA token buyers and kickstart a fresh bull rally in the near future.
On a conservative basis, BERA’s price could reach a target of between $15.15 and $28.76 by the end of 2025.
In the long haul, BERA price is well positioned to rally exponentially to reach a target range of between $82 and $130 by 2026. With the crypto cash inflow having shown a positive correlation with the US M2 money supply growth, Betachain could easily scale to a market cap of over $25 billion by 2028.
