$ERA
The ERA/USDC chart shows a current price of 1.0604, down 1.49% today, with a 24-hour range of 1.0491 to 1.1173 and a volume of 799,210.05 USDC. The price recently peaked at 1.1908 before declining, now trading below the MA7 (1.0612) and MA25 (1.0766), suggesting a short-term bearish trend. Volume spiked earlier but has since stabilized at 6,176.9, indicating reduced momentum. Over 7 days, ERA is up 11.97%, showing longer-term resilience.
Caldera ($ERA) is a Layer-2 blockchain solution enhancing Ethereum scalability. Its utilities include low-cost transactions, fast processing, and seamless interoperability with Ethereum. Benefits include reduced gas fees, making DeFi and NFT interactions more accessible, and robust security via optimistic rollups. Developers gain from customizable rollup deployment, fostering innovation. Users enjoy faster confirmations and lower costs, while the ecosystem supports a growing network of dApps. Despite the current dip, ERA’s value could rise with increased adoption and Ethereum’s ecosystem growth. The chart suggests a potential rebound if it holds above 1.0491, but caution is advised given the recent downturn.
