LayerEdge ($EDGEN), the next big crypto gem, will explode onto the scene following its highly awaited Binance Alpha debut. Meanwhile, investor curiosity stands at an all-time high as the exclusive Layer-3-protocol launch is scheduled for June 2.
With 1 billion tokens for total supply and strong community-friendly allocation strategies, LayerEdge is now set to emerge as a big name in scaling solutions. But how much short term and long term time will $EDGEN actually go?
Let's take a look at the basics, tokenomics, market cap, and experts' price predictions for LayerEdge.
LayerEdge is a Layer 3 protocol of the next generation, aimed at improving the scalability and performance of dApps. Built to run on Layer 2 chains, offered more throughput, less latency, and low gas fees-the very troubles wresting dApps today.
The innovativeness of this technology has rendered the $EDGEN debut on Binance Alpha a headline-worthy moment, this being the first-ever token listing on a major exchange. Eligible users have the opportunity to participate in an exclusive airdrop utilizing their Binance Alpha Points, which would rather stir a new demand right from launch.
There is a total supply of 1 billion $EDGEN tokens, which will be allocated in a manner to provide for long-term development and decentralization:
41% to the community – promoting adoption and engagement
22% to core contributors – incentivizing ongoing development
15% for Ecosystem & R&D – ensuring innovation and platform expansion
12% to the Foundation – supporting governance and strategic moves
5% to Pre-Seed investors – rewarding early belief in the project
5% to the Community Round – onboarding early adopters
This nicely balanced distribution decreases sell pressure in the early years and provides for the growth period.
Given the strong fundamentals, a bullish start would be expected. The initial trading price range between $0.10 to $0.20 is expected due to:
Immediate exchange visibility on Binance Alpha
Early user excitement due to the airdrop event
A low circulating supply in early stages
Strong emphasis on community empowerment (41% allocation)
Short-term momentum to be determined largely by trading volume, social media sentiment, and user activity on Binance Alpha upon launch.
Looking forward, price has a potential of $0.30-$0.50 level of range as the platform rolls out its ecosystem, developer grants, and real-world use cases. If the token gains some partnerships and adoption by Layer 2 and DeFi players, it might want to have demands in an exponential way.
In a strong bullish market with very well-executed projects under their belt, $EDGEN could almost sniff $1—especially if the narrative for Layer 3 catches equally fast compared to what Layer 2 got in 2023 through Optimism and Arbitrum.
Will LayerEdge ($EDGEN) become the next breakout project in the modular blockchain space? The launch on June 2 may just be the beginning.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.