by Analytics Insight
February 27, 2022
The recent launch of the Bitgert BRC20 blockchain is one of the main factors determining the price of Bitgert.
The price of Ethereum fell 15% during the recent market crash, which also caused Bitcoin to trade below $40,000 again in 2022. The fall affected almost all cryptocurrencies, but some not only managed to resist market forces, but also exploded. Bitgert has skyrocketed 60% in the past 7 days, at a time when the entire cryptocurrency industry was collapsing. Why have these cryptocurrencies shown such variable price performance? Learn more here:
The performance of the Bitter room over the past 7 days has been amazing. The coin has skyrocketed to rise over 60% in just one week, making it one of the top gainers in the crypto market. But why is Bitgert posting such an impressive price rise as the market plunges?
The recent launch of the Bitgert BRC20 blockchain is one of the main factors determining the price of Bitgert. The Bitgert chain is gasless, which means that blockchain users will be able to transact on the chain by paying a gas fee of only 0.0000000000001. You can call this gas tax Bigert Zero. There is no other blockchain offering such low gas fees.
Apart from the zero gas charge feature, the Bitgert channel is now faster than Solana, making it the fastest channel in the market. With 100,000 transactions per second, the Bitgert chain has become the most sought after by investors and blockchain users. This is the reason why the coin increased by 60%.
The market crash did not have a huge impact on the centcex price like Ethereum. Although the Centcex coin did not explode like Bitgert, the coin managed to maintain a very stable price. When the market dipped, the coin did not drop at a rapid rate like Ethereum and other cryptocurrencies did.
The reason for the stability of the Centcex price during the bear market is the growing number of token holders over the past 7 days. The market capitalization of Centcex coins continued to grow as more and more investors joined the coin. This is why when Ethereum investors sold, Centcex investors bought more. With the current bull market, Centcex coin has seen an impressive recovery.
Ethereum price has dropped 15% in the last 7 days. It is among the cryptocurrencies that are doing very well in February, but was hit hard by the recent stock market crash. The huge drop was caused by market forces, but the slowdown in demand for Ethereum coins could also be the cause. The likes of the Bitgert chain are becoming a tough competitor for Ethereum.
With the Bitgert blockchain offering faster speed as well as lower gas fees than Ethereum, market performance will be affected. Ethereum adoption is also slowing as more developers join Bitgert for cheaper gas and faster transactions. Therefore, competition could be the reason why Ethereum plunged such a large percentage.
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