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The strategic launch of the Berachain ($BERA) coin on Thursday has gained significant attention from the crypto trading community. The Ethereum (ETH) rival sent shockwaves to the crypto industry after announcing an airdrop of 79 million $BERA coins, worth more than $632 million and representing 15.8 percent of the token’s total supply, to the community on Thursday.
Berachain, a high-performance EVM-identical L1 blockchain secured via Proof-of-Liquidity (PoL), intends to disrupt the global web3 ecosystem backed by reputable investors led by Hack VC, Polychain, Framework Ventures, and Brevan Howard Digital, among others.
$BERA Price Prediction for Short and Long-Term
The mid-cap altcoin, with a fully diluted valuation of about $3.7 billion and a 24-hour average trading volume of about $2.2 billion, launched on major crypto exchanges at a price of around $13.27. In the past 24 hours, $BERA price dropped around 3.5 percent to trade at about $7.58 on Friday, February 7, during the mid-London session.
Remarkably, a whale investor made a profit of $589k by shorting $BERA immediately after launch through the Hyperliquid platform.
After $BERA was listed, a whale made a profit of $589K by shorting $BERA in less than 2 hours.
— Lookonchain (@lookonchain) February 7, 2025
He deposited 1.6M $USDC to #Hyperliquid 16 hours ago and shorted $BERA at ~$13.
Then he closed the short position and withdrew 2.19M $USDC, making a profit of $589K.… pic.twitter.com/2pN3jaN12t
Midterm Expectations
In the short term, $BERA price is gradually gaining correlation with Bitcoin ($BTC) price action amid the highly anticipated altseason. A potential $BTC price rebound will attract more $BERA token buyers and kickstart a fresh bull rally in the near future.
On a conservative basis, $BERA’s price could reach a target of between $15.15 and $28.76 by the end of 2025.
In the long haul, $BERA price is well positioned to rally exponentially to reach a target range of between $82 and $130 by 2026. With the crypto cash inflow having shown a positive correlation with the US M2 money supply growth, Betachain could easily scale to a market cap of over $25 billion by 2028.