Berachain’s PoL v2 Upgrade Transforms BERA into a Yield-Generating Asset
Berachain price soared to $2.40 yesterday due to massive trading volumes. Was the surge driven by something more than just market speculation?
Upbit recently announced plans to temporarily halt BERA deposits and withdrawals on August 27. This could have sparked initial selling. Yet,traders elsewhere seized the opportunity,leading to BERA briefly reaching $2.40.
Despite the pullback to $2.15, BERA stays above the 20 EMA, suggesting a bullish trend. Key drivers include the new PoL v2 upgrade, which allocates one-third of protocol rewards to BERA holders.
- Holders can now delegate BERA for passive income.
- No farming contracts needed; any wallet suffices.
This change boosts BERA’s appeal as a yield-generating asset.Combined with improved technicals like the bullish crossover of EMA 20 over SMA 50, BERA looks poised for further growth.
Could BERA soon break past the $2.6 resistance level? The evidence leans toward it, as the network upgrade enhances BERA’s intrinsic value beyond mere speculation.
Watch closely as Berachain continues this exciting journey.
Source: Berachain Twitter
