Currently, the price of the ERA token has surpassed $0.95, with a market capitalization of approximately $180 million. However, this figure does not seem to fully reflect the true potential of the Caldera platform.

Caldera's Metalayer architecture has demonstrated the ability for cross-aggregation layer interaction and unified coordination, which provides significant advantages to the project on a technical level. Compared to other Rollup service platforms with governance tokens, Caldera's valuation seems to underestimate its product-level technical maturity.

With the upcoming deployment of several Caldera chains this year, the demand for ERA as a settlement and staking target is expected to naturally grow. It is also worth noting that the concept of interoperability across aggregation layers has not yet become a mainstream focus in the market. Once investors realize that Caldera was created to address this issue, its valuation is likely to see a significant increase.

From a technical positioning, fundamental, and market narrative perspective, the expectation of a threefold increase in ERA prices is not overly optimistic. Considering these factors, the year-end ERA price is expected to reach a range of $2.8 to $3.1, and this prediction is based on a rational analysis of the project's potential.

As blockchain technology continues to evolve, projects like Caldera that focus on solving cross-chain interoperability issues may receive increasing attention. Investors and market participants should closely monitor the price trends of ERA, as well as Caldera's progress in technical implementation and market acceptance.