Overcoming the trickle-down of the crypto market, Bitgert’s BRISE coin keeps rising through the ranks.
The crypto market gave a lot of hope to investors with one of the biggest bull runs in the last month. Tokens like Shiba In and PEPE coin rose by 20 to 30% in a few weeks. But, the last week had been detrimental for the investors. The bull market turned bearish and every currency came to fall. Shiba Inu and PEPE coin had similar fates and the spike turned to decline. But would you be surprised if someone told you that Bitgert’s BRISE coin kept rising even while Shiba Inu and PEPE coin were falling?
You can look at Bitgert’s BRISE coin shining in the market even with the bearish claws on it. Investors are preferring it over Shiba Inu and the PEPE coin, let’s find out why.
Bitgert’s BRISE Coin
Rebranded in December 2021, Bitgert’s BRISE coin is looked upon by investors of Shiba Inu and PEPE coin as well. The trust built on Bitgert’s BRISE coin is largely because of its native chain. Bitgert is a layer 1 solution that aims to modernize the blockchain ecosystem. Bitgert makes use of the PoA consensus mechanism which requires the approval of limited validators for adding blocks to the chain. As opposed to Shiba Inu and PEPE coin, Bitgert has its own blockchain network which allows transactions to occur at 100k TPS. The community of Bitgert chain is already 25M with more than 600k transactions.
All this success can be attributed to the faster transaction speeds and near-zero gas fees of the network. While the Shiba Inu and PEPE coin fell last week, Bitgert’s BRISE coin stood its roots. With a nominal fall in the price, Bitgert’s BRISE coin still has a positive sentiment in the market. The RSI score, MACD value and moving averages of the token, all send out a buying signal to the investors.
Shiba Inu
A lot of people must have heard about the heroic rise of Shiba Inu in 2020-21. Shiba Inu came into the market as a meme coin targeted to kill other meme coins. Shiba Inu is built upon the Ethereum blockchain and aims to bring the community of blockchain users and investors together. Shiba Inu can be used to perform transactions and also as payment at the businesses that accept this token. Shiba Inu also runs smart contracts and decentralized applications on its Ethereum-backed network.
The hype for Shiba Inu came to fall short after its launch and to date, the price of the Shiba Inu token has not skyrocketed. The market stats for Shiba Inu are not on the positive side either. Shiba Inu has an RSI score of less than 50 which states that investors want to sell their holdings. The moving average of Shiba Inu is on the negative side too as the market feels a ‘selling pressure.’
PEPE Coin
PEPE coin has developed larger trust in the token when compared to Shiba Inu. Since the PEPE coin is built as an ERC-20 token on the Ethereum network, PEPE coin is secure and can host other crypto projects too. PEPE coin runs on a deflationary mechanism, reducing supply by burning a small amount of tokens with every transaction. To encourage long-term investments, some PEPE coins are distributed amongst existing holders with each transaction. PEPE coin also emphasizes community development and selling of some rare NFTs on the platform. However, the small market cap and high circulating supply have made the PEPE coin more volatile as compared to Bitgert’s BRISE coin.
Even the market favours Bitgert’s BRISE coin in front of the PEPE coin. PEPE coin has low moving averages and has fallen close to 20% in one week only. The market sentiment and RSI score of PEPE coin also suggest that existing holders also feel a selling pressure.
So, for all the people who want to invest in currencies with a small price tag, Bitgert’s BRISE coin shines out against Shiba Inu and PEPE coin.
Disclaimer: The text above is an advertorial article that is not part of Cryptonews.com editorial content.
Read the full article here
