BERA (Berachain) rose 11.98% in 24 hours.

Gate News Bot news, on September 19, according to CoinMarketCap data, BERA (Berachain) is currently priced at $2.68, with a rise of 11.98% in the last 24 hours, reaching a high of $2.71 and a low of $2.25. The 24-hour volume reached $8.23 million. The current market capitalization is approximately $337 million, with an increase of $36.11 million compared to yesterday. Currently, BERA ranks 163rd in global Crypto Assets market capitalization.

Berachain is an EVM-compatible L1 public chain designed to address issues such as staking centralization, systemic liquidity building, and interest alignment between protocols and validators through the Proof of Liquidity consensus mechanism. The project has received investment support from well-known institutions such as Polychain Capital and Hack VC.

Important news about BERA recently:

1️⃣ Berachain launches V2 upgrade, enhancing the role of BERA in on-chain value creation Berachain recently released the V2 upgrade, which introduces a new role for the BERA token in on-chain value creation. This upgrade aims to enhance network functionality and optimize the token economic model, with the potential to increase the utility and value of BERA.

2️⃣ BERA price leads the rise of mainstream Crypto Assets Recently, the price of BERA has performed strongly, standing out among mainstream Crypto Assets such as Bitcoin, Ethereum, and Solana. This relatively strong performance may attract more investors' attention, further driving the price rise in the short term.

3️⃣ BERA selling pressure eases, market sentiment turns optimistic Analysis shows that the selling pressure of BERA is gradually easing. This trend indicates that the confidence of holders is increasing, which may signal a positive price trend in the future. The positive shift in market sentiment helps support the current rise of BERA.

From a technical perspective, BERA has shown a strong rising trend after breaking through the previous resistance level. However, investors still need to be cautious of potential pullback risks, especially in cases where there has been significant short-term growth.

This message is not an investment advice; investors should pay attention to the risks of market volatility.