ERA is still optimistic in the long term, but bearish in the short term. The short-term outlook is affected by the 10 million tokens from the BNB airdrop, and exchanges need to distribute some tokens.
In the long term:
- Backed by Ethereum's advantages: With the security and decentralization features of Ethereum, it has a reliable foundation, and there’s no need to worry about underlying security issues.
- Solving communication challenges between aggregators: Through the "Metalayer" unified layer, different types of aggregators (such as optimistic aggregators and zero-knowledge aggregators) can communicate smoothly and share resources, breaking their isolated states and enhancing the overall network's collaborative efficiency.
- Practical application scenarios: As the native token of the platform, it can be used to pay fees for cross-aggregator transactions, and also allow holders to participate in staking (similar to saving for returns) and governance (deciding on major issues like platform upgrades and fund allocation), with clear use cases deeply tied to the platform's operation.
- Supporting customizable aggregators: This allows projects to build aggregators according to their needs, offering high flexibility, which may attract more projects to join and subsequently drive the usage and demand for ERA.
As you can see from my label, I lost some money when I first tried to long in the contract market with a small position, but later switched to short and made my money back. However, I will consider investing in this coin when its market value is low. People say that new coins have no bottom when they drop, but in fact, new coins often have the best cost-performance ratio.
