After a long bull run, the crypto market has recently started to experience a correction. Mostly all major coins like Bitcoin, Solana, Cardano, and many more are facing price declines. However, Bitgert Coin (BRISE) stands out amidst this correction with a bullish momentum.
Let’s go deeper into the reasons behind these trends.
Crypto’s Latest Trends
The prices of both Solana (SOL) and Cardano (ADA) have been on a downtrend since last week. The major reason behind this downtrend of Solana and Cardano is its operational inefficiencies:
Solana
Solana launched in 2020, ranks 5th by the market cap in the cryptocurrency market. It is on top because Solana aims to address scalability issues in blockchain technology. In fact, Solana uses a combination of proof-of-stake and proof-of-history mechanisms to provide fast transaction speeds and lower costs.
Recently, Solana faced a major 5-hour network outage causing heavy losses for investors. It is the major reason behind its downtrend.
Cardano
On the other hand, Cardano ranks 9th in the cryptocurrency market. Cardano is a flexible blockchain platform for running smart contracts. This allows Cardano to develop of a wide range of DApps, new crypto tokens, games, and more.
Cardano has been delaying its updates up until now, making investors lose trust. This made it fall even higher than it would have before.
How is Bitgert Different?
Bitgert, launched in 2021, is a blockchain platform aiming to compete with established players like Ethereum. While each of Bitgert, Solana, and Cardano aims to be “Ethereum Killers” and supports the DeFi ecosystem.
It’s named so because of its following USPs:
| Metric | BRISE | SOL | Cardano |
| Current Price | $0.0000002377 | $171.20 | $0.6128 |
| Market Cap | $94.38M | $76.03B | $21.8B |
| Price Change (30-Days) | 68.79% | 64.36% | 3.21% |
With a low market cap of 94.38M and 371 Trillion+ coins on open supply, Bitgert has a huge opportunity to grow ahead of Solana and Cardano.
Other than that,
- Bitgert’s zero gas fees give it an extra edge over its other competitors like Solana and Cardano.
- Bitgert has achieved a speed of 100,000 TPS, which has no comparison to the speed of other competitors. But, Solana is still under development and claims it will be able to achieve even higher speeds in the future.
- Bitgert is compatible with the Ethereum Virtual Machine (EVM) & Binance Smart Chain (BSC), enabling the execution of smart contracts on its blockchain and support for NFTs and DeFi.
Despite this bright potential of BRISE, it’s important to remember that the crypto market is highly unpredictable. So it is always advisable to DYOR before making any decisions.
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- Source: https://thenewscrypto.com/solana-and-cardano-witness-downtrend-bitgert-coins-bullish-momentum/
