The post BERA Price Struggles to Maintain Momentum After Launch appeared on BitcoinEthereumNews.com.

Berachain (BERA) price has struggled to maintain its initial valuation, quickly dropping from $15 just hours after launch. Like many new L1 and L2 chains, it now faces the challenge of proving its long-term value beyond the early hype. While its indicators currently suggest weak market momentum, some analysts remain optimistic about its strong community and developer activity. With key resistance and support levels in play, the next moves for BERA will be crucial in determining whether it can recover lost ground or face continued downward pressure. Can BERA Avoid the Fate of Other Struggling Chains? Berachain price quickly dropped from $15 just hours after launch, raising concerns about its ability to maintain momentum. Like many new chains, it now needs to prove its value after its airdrop. Many recent L1 and L2 launches, including Starknet, Mode, Blast, zkSync, Scroll, and Dymension, have struggled to hold their prices. Hyperliquid is a rare exception, with strong revenue and a 19% price increase in the last 30 days. Selected New Chains Returns. Source: Messari. Users have been pointing out some concerns about the project, with X user Ericonomic saying one of its biggest concerns is related to BERA private investors: “Berachain sold more than 35% of its token supply to private investors (I thought it was just 20%), with the seed round sold at $50M FDV, the second round at $420M FDV, and the last one at $1.5B FDV. These are a lot of tokens. Most projects sell 20% of their supply privately and I already think that’s too much and causes a lot of harm to the project. This number of tokens sold, plus its long vesting, creates permanent sell pressure until all of them are vested, which usually leads to down-only charts in projects that launch at multiples FDV (aka…

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Filed under: News - @ February 12, 2025 11:23 pm