The new crypto token Caldera, which people are calling the internet of roll-ups, is now available on Coinbase. On Friday, Coinbase officially announced that Caldera ERA will now be supported on the Ethereum network as an ERC 20 token.
This means that people can now deposit and withdraw the Caldera token.
This token has already shown a price increase of more than 100 percent, so people are taking more interest in it. Caldera is a Rollup as a Service project that helps in easily creating new blockchains.
Table of Contents
Coinbase Opens New ERA With Caldera
Now trading of Caldera ERA will start after some time on Coinbase’s spot pairs. First, a balance of more buy and sell will have to be made in the market, only after that ERA and USD pair will be active.
Coinbase has called this token “Experimental”, meaning it is new and its price can go up or down very fast, so people have been advised to trade carefully.
If the market becomes strong then this “Experimental” label will be removed from Caldera (ERA).
For now, the market value of Caldera is approximately 218 million dollars, and in just 24 hours, trading of 1.49 billion dollars has taken place.
Its price reached its highest point so far – 1.88 dollars, due to which Caldera’s name has become very famous on social media as well.
The Dark Side Of Free Crypto Airdrops
ERA coin is now near the top 300 crypto coins in the world, but the price is still fluctuating. The main reason for this is the free airdrop of ERA, which will continue till 31 July 2025.
People who were supposed to get free ERA coins earlier, are now going and claiming those coins. Some people sell these free coins immediately, due to which the price can fall down.
If the price of ERA does not suffer much sell-off due to the airdrop, then its future looks bright.
Caldera ERA has also helped in the growth of Ethereum (ETH). When Caldera airdrop happened, a lot of gas was used on the Ethereum network approximately 37.7 GWEI. This resulted in burning of ETH coins worth $412,000, which makes Ethereum’s PoS system even stronger.
On The Flipside
When Coinbase listed Caldera (ERA), its price increased by only 9%. This increase was quite small compared to the previous listings.
A few days ago, Binance also listed Caldera. At that time, the price jumped by a tremendous 88%, taking Caldera to its highest price (ATH)
Why This Matters
Caldera is a Rollup-as-a-Service platform that helps Web3 developers. Through this platform, developers can scale their apps fast and easily and that too on different blockchains.
Meaning if a developer wants to create a Web3 project, then Caldera gives him powerful tools so that he can make his work fast, secure and scalable.
See more news about Crypto on DailyCoin:
People Also Ask:
Why did the ERA token rise 121%?
When Coinbase listed Caldera’s ERA token, there was a lot of excitement among people. Because ERA helps build fast and scalable blockchains that’s why the price increased quickly.
What does Caldera ERA do?
Caldera is a Rollup-as-a-Service platform. It helps developers build fast and scalable blockchains. The ERA token is used for paying gas fees, staking, and governance.
What was the impact of the Coinbase listing?
When Coinbase listed ERA, it labeled it “Experimental”. This increased the visibility and liquidity of the token. ERA-USD trading started when demand was high in the market.
Will the price of ERA remain high for a long time?
Right now the price of ERA is $1.90 and the market cap is $282 million meaning strong performance. But people are selling airdrop coins, which can bring the price down as well. Right now Caldera has 60+ rollups and $500M TVL, which makes its future strong.
What can be the next steps for ERA?
ERA has already been listed on Binance and Upbit as well. If adoption increases, the price can go up to $2.50. But gas fees can be high due to airdrops, which is a risk. Keep watching updates on DailyCoin.
