In the Summer of 21, SOL dumped 67% from $58 to $19
By November 21, it was up more than 1200% to $260
$BERA to $20. Happy Thanksgiving.
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kirbycrypto.hl 🌊🏄♂️
Thank God I didn’t ape into any of those shady OTC deals. A reminder: if it’s too good to be true, it probably isn't and is a scam.
Some tips to survive and thrive in crypto:
1) Too good = no good. If someone promises you an unbelievable good deal, it's definitely a rug
2) Reputation ≠ trust. KOLs, anon accounts, even mutuals can be compromised. Vet everything and everyone. Don't trust, verify.
3) Don't rush into it. Don't rush into clicking on the latest airdrop links on X. Scammers create fake urgency. Slow down. Real good deals don’t need pressure tactics.
4) DYOR > FOMO. Fear of missing out is the #1 exploit vector. Check out their sources, where they get the deals from, verify. Don't forget you're trusting random anons on the internet.
5) Track wallets. Before OTC or token buys, scan their wallets. Red flags: dumping history, bridged scam tokens, or multiple past rugs.
6) Never click random links or connect wallet casually. One bad click can drain everything. Don't connect your hardware/cold wallet.
7) Screenshots lie. Profits, DMs, deal flow - anything can be photoshopped. Ask for tx hashes, contracts, proof or it didn’t happen.
Altcoin Alpha
🥵 $50M Crypto OTC Scam Exposed.
🧵A massive OTC Scam involving SUI, Near, Axelar, Sei, and more just got exposed but no TG Channel or CT is talking about it. Jaw-dropping details! 👇
$GRASS $APT $ZRO $BEAM $IMX $BERA
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Coumarin 豆 🌱
The rebound short strategy is still effective. These negative feedback loop targets currently have no market makers willing to support them because they are all worried about getting stuck with them.
Recently, I added $VIRTUAL to the short positions in $BERA and $S. A diversified short portfolio reduces risk, as these shorted targets compete for funds and attention. Focusing on a single token can lead to problems.
Coumarin 豆 🌱
Risk strategy: Find a stage high, a token with short fundamentals and currency price divergence
Berachain's TVL has been flowing out since it was unlocked, and the reason why it dares to rebound short $BERA is because:
1. It has hard selling pressure, not an outrageous control like $IP and how to play;
2. I don't see the reversal point of the positive effect of the POL mechanism, and the LST project is too big to lose, even if the infrared TGE brings a wave of heat.
NFA
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Mars_DeFi reposted
The DeFi Investor 🔎
Crypto Watchlist for the week ahead:
$BTC - All eyes on Iran to see if they retaliate
$INJ - Injective Summit starts on June 26. Its team might drop a big announcement during it
$BERA - Berachain will start refocusing on revenue generation in the next weeks
$HOME - DeFi App will release details regarding its S2 airdrop next week
Infinex - Infinex is expected to make a big announcement on June 24 (probably about Infinex Connect)
$SNX - Synthetix Exchange will soon go live on Ethereum Mainnet
$BLAST - $23M worth of BLAST (34% of its circ. supply) will be unlocked on June 26
If you enjoyed reading this, a like and a repost would be appreciated🫡
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janitooor.bera 🐼⛓️🧲 reposted
janitooor.bera 🐼⛓️🧲
make BERA great again
want BERA number to go up?
bera black hole, mibera
bera at 1usd, 4.20usd, 6.9usd, 42.0usd, 420usd mibera will be perpetually bidding bera and stashing it forever
We can't promise any price action on BERA but we can say we show up each day in anticipation of the recovery
We can promise the BERA backing each circulating mibera will only ever increase
if you're a bera seed investor join jani and other seed investors to contribute to this bera sink flywheel (possible on bitgo or magna)
if you're a project looking for a treasury asset mibera increasingly becoming a good option which will add more optionality with each wave of innovation
if you're a validator chat with us at thj. In exchange for sending some of your commission to mibera liquid backing we can help with your gauge tech. BERA number go up good for all beras.
if you're a project integrating mibera sending a portion of your mibera related fees (20%) to mibera liquid backing is a based flywheel
if you're a bgt whale consider some boost which crystallizes value in BERA terms
if you're a mibera miladies on berachain
beras together strong
janitooor.bera 🐼⛓️🧲
The first of 2 Mibera validators is now live. It'll be called Mibera Validator. A second is on the way; it will be called Miladies on Berachain Validator.
Until July 4th, the commission will be set at 100%. This means all bribes will be sold for BERA and then sent into Mibera liquid backing. They are running these validators without charging fees.
After July 4th, the commission will be set at 20%, with 100% of the 20% being sold for BERA and sent to liquid backing.
If you don't know what this means, don't worry about it for now. If you boost your BGT at these validators before July 4th, all your APY will be going to Mibera liquid backing, so only do this if you understand that.
This is the first time you get exposure to a chain's block rewards by just holding an NFT. No staking. No oracles. No LP clicky clicky. Simple.
Miladies on Berachain.
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Berachain price performance in USD
The current price of Berachain is $1.6040. Over the last 24 hours, Berachain has decreased by -1.84%. It currently has a circulating supply of 120,102,815 BERA and a maximum supply of 502,622,665 BERA, giving it a fully diluted market cap of $192.64M. At present, Berachain holds the 115 position in market cap rankings. The Berachain/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Quick overview of Berachain
Berachain started as an NFT project. Now, it’s a Layer-1 blockchain with EVM capabilities that helps address liquidity and security issues.
Its unique Proof of Liquidity consensus rewards users for providing liquidity and boosts network security.
Berachain is currently on a testnet. The mainnet launch is expected by the end of 2024.
Ethereum decentralized applications can be easily deployed on Berachain because it uses EVM and the BeaconKit modular framework.
The $BGT token manages governance, empowering liquidity providers and promoting decentralized decision-making.
What is Berachain?
Berachain is an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain built on the Cosmos SDK. This means it combines the flexibility and developer-friendly environment of Ethereum with the scalability and interoperability of the Cosmos ecosystem. Designed to support decentralized applications (dApps) and smart contracts, Berachain aims to provide a seamless experience for developers and users alike.
The project has garnered significant attention due to its innovative approach to blockchain architecture and its focus on creating a sustainable and efficient ecosystem. With the Berachain mainnet launch on the horizon, the crypto community is eagerly anticipating its potential to revolutionize the industry.
What sets Berachain apart from other Layer-1 blockchains is its Proof of Liquidity (PoL) consensus mechanism. Instead of using staked tokens to secure the network, like Proof of Stake (PoS), Berachain focuses on liquidity. It rewards its community members who provide liquidity for trading and governance, so the more active the network is, the more secure it becomes. This aligns the incentives for everyone in Berachain, from validators to participants.
Berachain is powered by BeaconKit, a modular framework that builds on the EVM and leverages Cosmos SDK. This adds flexibility, allowing Berachain to scale while keeping the network user-friendly for developers.
What is the difference between Berachain and Ethereum (ETH)?
Berachain is a Layer-1 blockchain, offering a unique approach to speed and security. If you’re familiar with Ethereum, you’re in good shape because Berachain is EVM-identical — meaning it works just like Ethereum but with its own twist. Berachain uses the same tools and clients (like Geth and Nethermind) that Ethereum developers use, so no extra setup is required. Every time Ethereum gets an upgrade, Berachain can adopt it right away.
The main difference between Berachain and Ethereum lies in their consensus models: Berachain uses proof of liquidity, while Ethereum relies on proof of stake. Berachain is fully EVM-identical, meaning everything that runs on Ethereum can run on Berachain, too.
Who is behind Berachain?
Berachain’s bear-themed crypto project is run by a group of pseudonymous co-founders known as Homme Bera, Dev Bear, Papa Bear, and Smokey the Bera. Berachain is the co-founders' main foray into the industry after the NFT project “Bong Bears” and other associated collections.
How does Proof of Liquidity (PoL) work?
PoL is different from traditional consensus mechanisms like PoS. PoL rewards participants for providing liquidity while also securing the network. Let’s break it down.
With PoS, validators stake tokens to help validate transactions and make sure the network is secure. By staking, you earn rewards in return.
But with PoL, there’s a different twist. Validators not only stake tokens but also provide liquidity.
Instead of locking up your tokens, they actively contribute to the decentralized exchange and liquidity pools.
This means the tokens are making Berachain more efficient while still securing the blockchain.
What is BeaconKit?
BeaconKit is the modular consensus layer powering Berachain, and it’s built using the Cosmos SDK. It provides flexibility for Ethereum-based blockchains, by giving developers the tools to create Layer-1 and Layer-2 solutions.
BeaconKit helps Berachain remain EVM-compatible, where any Ethereum decentralized application (DApp) or smart contract can be deployed on Berachain without making any changes.
What are Berachain DApps: BEX, Bend, and Berps
BEX: Decentralized Exchange - Facilitates decentralized trading and liquidity.
Bend: Lending Protocol - Allows users to lend and borrow crypto assets using PoL.
Berps: Perpetual Futures - Enables perpetual futures trading on Berachain.
How does $BGT manage governance?
$BGT is Berachain’s governance token, which incentivizes participation for their community members. $BERA is a gas token, used for transactions and staking.
Proposals: Any $BGT holder can propose changes to the Berachain network.
Voting: $BGT holders vote on whether to approve or reject proposals.
Execution: If a proposal is approved, it enters a waiting period before implementation.
What is $HONEY?
$HONEY is Berachain’s stablecoin. It can be used for trading, lending, and borrowing across the Berachain platform.
How to Claim BERA on OKX Wallet
Step 1: Download and set up OKX Wallet.
Step 2: Connect to Berachain.
Step 3: Participate in the Token Generation Event (TGE).
Step 4: Start exploring the Berachain ecosystem.
What is Berachain and Why It Matters
Berachain combines EVM compatibility with the Proof of Liquidity mechanism. This not only allows the community to stake tokens but also contribute to liquidity and be rewarded for their contributions.
For developers, Berachain provides tools like BeaconKit, which makes it easier to scale both Layer-1 and Layer-2 solutions. Meanwhile, participants can access Berachain DApps like BEX, Bend, and Berps for decentralized trading, participating in a lending protocol, and perpetual futures trading.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 4.2K new posts about Berachain, driven by 2K contributors, and total online engagement reached 215K social interactions. The sentiment score for Berachain currently stands at 81%. Compared to all cryptocurrencies, post volume for Berachain currently ranks at 2263. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Berachain.
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Posts
4,172
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2,008
Interactions
214,849
Sentiment
81%
Volume rank
#2263
X
Posts
4,083
Interactions
211,412
Sentiment
82%
Berachain FAQ
How much is 1 Berachain worth today?
Currently, one Berachain is worth $1.6040. For answers and insight into Berachain's price action, you're in the right place. Explore the latest Berachain charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Berachain, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Berachain have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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