Bitgert’s price has retreated in recent days as the crypto industry rebounds. The BRISE token is trading at $0.00000034, around 33% above the weekend low. It has a market cap of over $146 million, according to CoinMarketCap. The company warns that it has not verified the market capitalization while CoinGecko has a question mark.
What is Bitger?
The blockchain industry has seen strong growth over the past few months, with developers targeting some fast-growing industries like non-fungible tokens (NFTs) and decentralized finance (DeFi).
Many developers have set out to build apps that seek to dethrone Ethereum as the preferred platform for building apps.
Most developers and users find Ethereum a difficult cryptocurrency to use. On the one hand, it is a relatively faster platform and the cost of processing a transaction has increased significantly. Some of the most prominent alternatives to Ethereum are Cardano, Polkadot, Cosmos, and Avalanche.
Bitgert is another relatively small blockchain platform looking to become a viable alternative to Ethereum. It is a faster platform that has no transaction fees. BRISE is its governance token.
Bitgert’s price is rising slightly today after the network introduced BRC20-pegged USDT and USDC coins to its platform. They are the two largest stablecoins in the industry. The statement said:
“Indexed tokens are still backed 1:1 by BRC20. Thus, the value of USDT BRC20 is pegged to the Bep20 USDT token as a 1:1 collateral. Thus, the value of USDT BEP20 will always remain the same as the value of the BRC20 token. Thus, pegged tokens are similar to a stablecoin on the Bitgert chain.
More Bitter Price Prediction
The four-hour chart shows that BREEZE price has rallied over the past few days after hitting a low of $0.00000026. It is up more than 35% from its low this year. The coin managed to break above the important 25- and 50-day moving averages, while the Relative Strength Index (RSI) broke above the neutral point at 50.
Therefore, it is likely that the price of Bitgert will continue to rise as the bulls target the key resistance at $0.00000040.