Bitcoin and Ethereum price plunges, while Bitgert price soars in this bear market
by Analytics Insight
March 8, 2022
It was during the current bear market that Bitgert’s market capitalization also skyrocketed.
Frequent bear market conditions caused the price of most cryptocurrencies to plummet during the second week of March. The biggest cryptocurrencies are the most affected. Bitcoin and Ethereum have fallen over 10% in the past 7 days, making them one of the biggest losers in the market.
But not all cryptocurrencies plunged because Bitter the price skyrocketed during this bear market. It was during the current bear market that Bitgert’s market capitalization also skyrocketed. But is Bitgert bullish during the current bear market? Well, read more below:
Bitgert’s price rose during the bear market due to the huge attraction the cryptocurrency created after the launch of its own blockchain. the Bitgert BRC20 blockchain is the hottest thing right now in the industry. It is the first gasless blockchain with a gas fee of $0.0000000000001. This is a figure close to zero and the lowest ever achieved by the industry.
The Bitgert BRC20 blockchain also overtook Solana to be the fastest channel at 100k TPS. These are the main reasons why Bitgert surged during the bear market. With the mass adoption of the Bitgert chain expected to begin soon, investors, including big cryptocurrency whales, are buying and accumulating BRISE. This is why the Bitgert coin is soaring.
the centcex The project has created a lot of attraction around it due to the unlimited number of products the team is developing and the huge revenue that will come from the staking process. The staking program for the Centcex project has 100% APY going to the staked token.
The hundreds of products in the ecosystem will also attract thousands or millions of users, which will increase the adoption of Centcex. Therefore, the price of Centcex coins will skyrocket as new products are released. Centcex could be the next project to challenge bitter chain in terms of utilities if the team launches the products quickly.
Bitcoin coin price fell during the bear market. In fact, Bitcoin is among the cryptocurrencies that have registered a drop of more than 10% in the last 7 days. The bear market sent the price of BTC crashing below $40,000, a price most crypto investors never expected to see in March.
However, Bitcoin is among the cryptocurrencies that are expected to make a strong comeback after the plunge. Therefore, the decline should not scare Bitcoin holders. However, Bitcoin is increasingly facing competition from companies like Bitter in terms of line speed and gas cost.
Ethereum also plunged more than 10% in this bear market, making it one of the cryptocurrencies hard hit by the crash. But Ethereum’s high gas fees have something to do with this drop. There are few investors buying Ethereum due to high gas fees, which makes the project less attractive to developers than Bitter.
However, the ongoing Ethereum network upgrade could make the cryptocurrency more competitive against Bitgert and many other cryptocurrencies. The current upgrade will make the Ethereum blockchain faster and cheaper by reducing gas fees. That’s when he can compete with Bitgert.
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