Investment Perspective on Caldera (ERA)
The current price of the ERA token is $0.86, with a market capitalization of $127 million and a circulation ratio of only 14.85%. On one hand, the valuation is relatively high, and the unlocking pressure is worth noting; on the other hand, the project has capital support from Sequoia, Dragonfly, and Founders Fund, and the ecological scale has already taken shape.
In the short term, key price points are at $0.90 and $1.05; in the medium term, the release of Metalayer and new chain collaborations are core catalysts.
The value of Caldera lies not only in “launching chains” but also in connecting rollups into a network through Metalayer. The investment logic is very clear: this is a strategic exposure to the RaaS narrative, but positions need to be carefully controlled.
