Hello, my crypto people! 🚀 Get ready because things just got HOT with @Caldera Official #caldera
Attention, attention! Caldera's coin $ERA has had a surge of 12.6% in one day, reaching $1.40! 📈 Why? Because Coinbase announced that it will launch ERA futures, and that, my people, always raises expectations. Additionally, the market is super active after the airdrop. Can you imagine!
The main megaphone here is Coinbase International 📣. On July 24, at 9:30 AM UTC, they will launch perpetual futures of ERA with a leverage of 75x. Remember when they listed it on July 18 and it skyrocketed 75%? This is the continuation of that excitement! Get ready for volatility because when derivatives come in, things get interesting. 🎢
But that's not all, there's more! Caldera made an airdrop of 20 million ERA (2% of the total) to those who had BNB on July 17. At first, this may have generated sales, but the demand from new holders kept the price afloat. Moreover, exchanges like Upbit, KuCoin, and BitMart have also listed $ERA, which means more liquidity everywhere! 🌊
And here comes the interesting part: the market is in the mood for risk 🎲. The CMC Altcoin Season Index has risen 138% in a month, telling us that people are moving their capital from Bitcoin to other "spicier" altcoins. $ERA has moved $653 million in 24 hours (+114%), demonstrating that it is in the trend of Layer 2 solutions that promise a lot! 🚀
So, the ERA boom is a mix of exchange fever and general appetite for altcoins. Now, with derivatives about to come out, we need to keep a close eye on whether the $1.29 level holds as support.
But it doesn't stop there. Although ERA has strong momentum from listings and airdrops, there are medium-term risks. Only 14.85% of the one billion tokens are in circulation until July 2026. Imagine when the tokens from funds like Sequoia and Dragonfly are released! That could put pressure on the price. 😬
Furthermore, Caldera is competing hard with giants like Arbitrum Orbit and Optimism Superchain. Its TVL (Total Value Locked) of $600 million needs to grow, and for that, the launch of Metalayer in the third quarter of 2025 is key. If it manages to connect the Optimistic and ZK rollups, the utility of ERA as a token for paying fees would skyrocket! 💰
The million-dollar question is: Can Caldera convert those 27 million wallets into a sustainable source of fees before the major unlocks begin? 🤔 The truth is that the current market conditions favor speculation, but real success will depend on the actual adoption of Metalayer.
Will the adoption metrics of Metalayer in the third quarter exceed the ratio of 3:1 against the unlocks coming in 2026? That's what we all want to know! 🕵️♀️$ERA
