Berachain's Meteoric Rise: The Blockchain That's Shaking Up the Crypto World

Unstoppable Net Bridge Inflows and Soaring TVL

Hold onto your hats, crypto fans! Berachain is making waves as the top dog for net bridge inflows and one of the fastest-growing networks in total value locked (TVL) over the past month. This blockchain is on fire, and it's not slowing down anytime soon!

Berachain Leads the Pack

In the last month alone, Berachain (BERA) has raked in a staggering $354.91 million in net bridge flows, leaving Aptos (APT) and Solana (SOL) in the dust with their measly $54.2 million and $42.77 million, respectively. Berachain is the real deal, and it's not even close!

TVL Growth Like You've Never Seen

But wait, there's more! Berachain has seen a mind-blowing 18.89% increase in TVL over the past month, the highest growth among the top 15 blockchains by active addresses. And get this: they've done it with only 49 protocols, compared to the bigger networks. That means the liquidity in Berachain is concentrated in a smaller set of in-demand apps, making it a force to be reckoned with!

PoL Rewards Expansion: The Real Test Begins

Just a week ago, on March 24, Berachain upped the ante by expanding its PoL rewards beyond BEX pools to include external apps and vaults. It's only been a week since the expansion, so most of the growth in liquidity and TVL can be chalked up to the initial concentration of capital in BEX apps. But here's the million-dollar question: will this liquidity stick around, or will it bounce once the early rewards are claimed? Historically, when new incentive structures launch, a surge in TVL is par for the course, but keeping it there takes more than just high yields. If TVL takes a nosedive in the coming months, it'll be a sign that this capital was just passing through, with investors farming PoL rewards before jumping ship to greener pastures.

BERA's Price Rollercoaster

Following the PoL expansion beyond BEX, BERA's price went on a wild ride, soaring from $6.76 on March 24 to a monthly peak of $8.57 on March 28, briefly testing resistance around $8. But hold on tight, because it's since plummeted back to $6.79 at press time, down by 8% in the past 24 hours and over 18% in the past month. It's been a bumpy ride, but that's what makes crypto so thrilling!

RSI: From Bullish to Neutral-to-Bearish

The RSI peaked above 60 during the rally but has now dropped below 50, showing that the bullish momentum is fading fast. With the RSI currently at 46.39, the price is in the neutral-to-bearish range. It's a nail-biter, folks!

Will BERA Bounce Back or Break Down?

But don't count BERA out just yet! The token's price is still holding strong at the historical support level of around $6. If BERA can keep its footing and bounce back with strong volume, it could retest $8 and even push towards $10. But if it breaks below $6, watch out! It could be a slippery slope down to the $5 psychological support level. Buckle up, because this is one crypto ride you won't want to miss!