BERA (Berachain) rose 11.10% in the last 24 hours.

Gate News Bot news, on September 29, according to CoinMarketCap data, BERA (Berachain) is currently priced at $2.91, with a rise of 11.10% in the last 24 hours, peaking at $2.91 and dipping to $2.37. The current market capitalization is approximately $370 million, an increase of $37 million compared to yesterday.

Berachain is an EVM-compatible L1 public chain that adopts an innovative Proof of Liquidity consensus mechanism aimed at solving the problem of staking centralization, systematically building liquidity, and achieving alignment of interests between the protocol and validators. The project is supported by well-known investment institutions such as Polychain Capital and Hack VC, and is committed to creating a collaborative economy by rewarding working capital in the network through incentive mechanisms.

Important recent news about BERA:

1️⃣ Berachain releases major V2 upgrade Berachain recently launched the V2 upgrade, introducing the new role of the BERA token in on-chain value creation. This upgrade aims to enhance network functionality and optimize the token economic model, which could be one of the important factors driving the rise in BERA price.

2️⃣ VC-supported currencies face market pressure As a project backed by well-known venture capital, BERA is facing widespread skepticism in the market regarding VC-supported tokens. This sentiment may exert some pressure on BERA's price in the short term, and investors need to closely monitor the development of this trend.

3️⃣ Market Attention on Berachain's Technological Innovations The Proof of Liquidity consensus mechanism of Berachain continues to attract market attention. This innovation aims to address liquidity issues in traditional PoS networks and could become a potential driving force for the long-term value rise of BERA.

From a technical perspective, the BERA price has broken through the key resistance level of $2.90, indicating strong pump momentum. However, considering the overall volatility of the cryptocurrency market, investors should remain cautious and pay attention to potential pullback risks.

This message is not intended as investment advice, and investors should be aware of market volatility risks.