Today we will talk to you about a new cryptocurrency called "LAYER" $LAYER
The symbol appeared on the Binance platform as seen in the following image:
This currency is the official currency of a project called "Solayer". Let's explore the story of this currency and this project in an easy and simplified way.
What is the LAYER currency (Solayer)?
Simply put, the LAYER currency is like the stock of a company, but in the crypto world. Those who buy this currency have a voice in the decisions related to the "Solayer" project. This means they can participate in voting on system updates, how to manage the project's funds, and any new initiatives. The more coins you have, the stronger your voice in these decisions. They call it in English a "Governance Token".
What is the "Solayer" project (Solayer) anyway?
The "Solayer" project is built on the "Solana" network, which is like the internet but for digital currencies and smart applications. The main idea of the project is to provide new solutions and technologies to improve the performance and security of the Solana network. Their goal is to make it easier for developers and users to build and use decentralized applications (dApps) on Solana more efficiently.
So, what is the status of the currency in the market? (As seen in the picture)
The picture you sent shows that the price of the LAYER currency has dropped significantly recently. If we focus on the chart, we see a sharp decline in price that started around the beginning of May 2025 and continued to go down. This decline is evident from the long red candles and the technical indicators below the chart like the "MACD" and the "OBV" which all indicate strong selling pressure.
According to the data we saw from the market, the currency reached high prices some time ago, but it is currently going through a correction or downturn phase. This is very normal in the cryptocurrency market, which is known for its extreme volatility. The reasons for the decline can be many, including:
Sales from early investors: Perhaps the people who bought the currency at a low price when it was first released decided to sell to take their profits.
Negative news: Any negative news about the project or about the crypto market in general can affect the price.
General market condition: If the entire crypto market is in a downturn (as happens sometimes with Bitcoin), it is natural for most currencies to drop with it.
Summary of the talk
The LAYER currency is the key to participating in the "Solayer" project, which aims to develop the Solana network. Like any new cryptocurrency, its price is very volatile. The picture we saw is a snapshot of this volatility, showing a strong downward wave that the currency went through.
Final advice: Before anyone thinks about investing in any cryptocurrency, they must research well and understand the project behind it, and be prepared for the risks and high volatility in this market. Don't put money you are not ready to lose.
