ERA (Caldera) rose 76.49% in the last 24 hours

Gate News Bot message, July 18, according to CoinMarketCap data, as of the time of writing, ERA (Caldera) is currently priced at $1.51, rising by 76.49% within 24 hours, reaching a high of $2.00 and a low of $0.85, with a 24-hour volume of $1.372 billion. The current market capitalization is approximately $224 million, an increase of $9.71 million compared to yesterday. Currently, ERA ranks 192nd in the global Crypto Assets market capitalization.

Caldera is an interconnected blockchain network built for specific purposes, ultimately settling on Ethereum. The project aims to create the most powerful multi-chain ecosystem, providing scalable infrastructure for areas such as gaming, artificial intelligence, and decentralized finance. Caldera enables applications and communities to build their own fully customizable chains through its Rollup engine and Metalayer technology, achieving large-scale expansion and interconnection with the broader blockchain ecosystem.

Important news about ERA recently:

1️⃣ ERA perpetual contracts are about to be launched on Gate exchange Gate will launch the ERA perpetual contract for real trading on July 17, 2025, at 23:35 ( UTC+8. The contract will be settled in USDT. This contract will support 1-20 times leverage trading, allowing users to go long and short. Trading parameters including funding rates, minimum tick size, maximum leverage, risk limits, and maintenance margin will be dynamically adjusted based on market conditions.

2️⃣ Airdrop events drive up Ethereum Gas fees The airdrop claiming activity of ERA has led to a significant rise in Gas fees on the Ethereum network. Within just one hour, the claiming contract burned 30.73 ETH, worth approximately $105,000. This phenomenon reflects the market's high attention and enthusiasm for the ERA project.

3️⃣ South Korea's major exchange Upbit has added ERA trading support South Korea's leading crypto exchange Upbit has announced the addition of trading support for the Caldera )ERA( token. ERA will simultaneously launch three trading pairs: Korean Won )KRW(, Bitcoin )BTC(, and Tether )USDT(. This move will provide more liquidity and exposure for ERA, helping to expand its global influence.

From a technical perspective, the price of ERA has seen a significant rise in the past 24 hours, possibly related to the launch of multiple exchanges and the heat of airdrop activities. However, investors should remain cautious and pay attention to market changes, especially the high volatility that may occur in the early stages of new coin launches.

This message does not constitute investment advice, and investors should be aware of market volatility risks.