The native token of the Berachain blockchain network has been officially launched and is live for trading. Like most newly launched tokens, there’s high volatility around BERA, clearly visible in the price performance. It is a concern for investors, especially considering the current market conditions. However, the question is more concerned with its long-term trajectory, as many newly launched tokens have crashed significantly in the last few weeks amid market turbulence. So, how low can Berachain price drop in this context? Let’s discuss.
Berachain Price Surged 1400% But Crashed Soon
The BERA token entered the market on January 6, following a significant Berachain airdrop and token generation event. Interestingly, it rode the bulls right after launch, as the Berachain price surged 1400%, creating an ATH of $14.99.
The Binance listing also played a significant role in this BERA price rally, exposing the token to a broader market and attracting investors’ interest. However, vola
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