Closely beating the bearish trickle, Bitgert’s BRISE coin holds strong and aims at exponential growth.
The cryptocurrency market has felt the claws of correction after a great bull run for almost a month. Small currencies like Shiba Inu and PEPE coin have suffered a blow to their growth. Investors looking for huge returns on small investments are now confused about investing in the crypto market. Shiba Inu and PEPE coin are falling further in this bearish market but there is one currency that still gives hope to the investors. With over 40,000% return since the launch and over 50% hike in the last month, Bitgert’s BRISE coin is looked upon over the Shiba Inu and PEPE coin.
Let’s find out if the hype, over Shiba Inu and PEPE coin, for Bitgert’s BRISE coin is worth it or not.
Bitgert’s BRISE Coin
Bitgert is a layer 1 blockchain solution that optimizes blockchain efficiency by requiring less computation. The PoA consensus mechanism used for adding blocks and verifying transactions over Bitgert is more secure and faster too. Moreover, Bitgert hosts the BRISE coin on its native network unlike Shiba Inu and PEPE coin on the Ethereum chain.
Now, the BRISE coin is Bitgert’s BRC-20 token with a quadrillion token supply out of which 36% has already been burnt due to the deflationary mechanism. High demand and decreasing supply for Bitgert’s BRISE coin have pushed the price up as compared to Shiba Inu and PEPE coin. The market statistics relating to Bitgert’s BRISE coin are great too with an RSI score above 55, meaning a buy signal in the market.
Currently, the market sentiment for Bitgert’s BRISE coin is towards buying rather than selling, which Shiba Inu and PEPE coin are moving towards.
Shiba Inu
Also popular as the ‘DOGE Killer’, Shiba Inu came into the market riding a ‘hype wave’ in 2020-21. Shiba Inu rose to new heights each day at that time and gave exponential returns to the early investors. But as soon as the hype got over, Shiba Inu turned to just another meme currency, like the PEPE coin, in the market.
Shiba Inu is hosted on the Ethereum network just like the PEPE coin. Shiba Inu is more towards community building and user engagement as compared to any other functionality. Users can do transactions using Shiba Inu only if the businesses or the other peer accepts Shiba Inu payments. The other function of Shiba Inu is to provide a base for running smart contracts and decentralized apps.
Shiba Inu is down by nearly 10% this week, with market indicators like the RSI score pointing toward further price fall and major selling. The moving averages and MACD value also suggest that there is selling pressure amidst investors regarding Shiba Inu.
PEPE Coin
PEPE coin is also a meme currency in the crypto world which is hosted on the Ethereum chain. As compared to Shiba Inu, the PEPE coin is more trustworthy as it is an ERC-20 token which makes use of the smart contracts capabilities of the Ethereum chain. PEPE coin provides a unique platform for NFT investors to trade new and unique NFTs. As the adoption of PEPE coin rises, there are chances that PEPE coin can give further returns to the investors.
PEPE coin also works on a deflationary mechanism like Bitgert’s BRISE coin. It means that every PEPE coin-related transaction burns some of the circulating PEPE coins to reduce the supply and increase the demand. With every transaction of PEPE coin, some amount is also redistributed amongst existing holders for more benefits to PEPE coin holders.
But, just as Shiba Inu was not able to captivate on opportunities, the PEPE coin wasted the bull run. Currently, it is trading at a 20% reduction as compared to a week ago. The future does not look good for PEPE coin either as the RSI suggests investors to sell. The moving average also portrays a story of increasing selling pressure among the investors.
So, in the current bear market, it is safe to say that Bitgert’s BRISE coin is a lot more trustworthy than Shiba Inu or PEPE coin.
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