Honestly Speaking ,Caldera'S $ERA ,unlike other coins $SPA ,$TREE has shown greater resilience in maintaining it's status quo in recent Market turmoil and with an impressive 1.03 billion last 24 hours volume ,many are wondering is it sleeping giant getting ready to be awakened .Here are some quick Analysis:
Most coins create a hype when after launching it's prices skyrocket in one night and everyone rushes to it in greed.But Soon People realize it's unstable and largely volatile and trading or staking it carries great risk.
Era After initial Pump when it was launched on Binance Reached it's value 2 usdt figure but it was not fake or manipulated spike because when the hype got cool down ,it prices stabilized at 1.3 range and Recently when the market saw low to middle level crash before the meeting of Federal Reserves about interest Rate decision ,and most coins fall drastically ,ERA despite new coin ,was able to maintain its price upto great extent and it's trading above 1.1 usdt .It may Fall a little more due to uncertain conditions of market and major political and economical decisions awaiting but it's has proved that it is a not meme coin or something which value can be manipulated easily by big whales.
The Ecosystem and function of Era has been designed to compete with Ethereium,Solana and cardano but it has introduced new concepts of scalability and meta layer .If It succeeded in Turning it's work plan into reality,It may Give tough time to Solana and it's prices may reach upto 100 USDT in very short time as its supply has been closely contained and has has total supply of just 1 billion era coins.
It has been able to secure and raise considerable initial investment funds and many reputable investment firms are backing this project.
It has already caught attention of traders who trade with long term patience and approach ,and they are buying it from market foreseeing its great potential to rise in competition with Solana.
