Bitcoin & Ethereum Price Plunges, While Bitgert Price Skyrocket in this Bear Market
It is during the current bear market that Bitgert marketcap has also skyrocketed.
The frequent bear market conditions have plunged the price of most cryptocurrencies in the second week of March. The largest cryptocurrencies are the most affected. Both Bitcoin and Ethereum have dropped over 10% in the past 7 days, making them among the biggest losers in the market.
But not every cryptocurrency has been plunging because Bitgert price has been skyrocketing during this bear market. It is during the current bear market that Bitgert marketcap has also skyrocketed. But is Bitgert bullish during the current bear market? Well, read more below:
Bitgert
The Bitgert price has been growing during the bear market because of the huge attraction the cryptocurrency has 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 $0.0000000000001 gas fee. This is a near-zero figure and the lowest the industry has ever gone.
The Bitgert BRC20 blockchain also overtook Solana to be the fastest chain at 100k TPS. These are the major reasons why Bitgert has been skyrocketing during the bear market. With the mass adoption of the Bitgert chain projected to start soon, investors, including whales from the large cryptocurrencies, are buying and accumulating BRISE. That’s why the Bitgert coin is skyrocketing.
Centcex
The Centcex project has created a lot of attraction around it because of the unlimited number of products the team is developing and the huge income that will be coming from the staking process. The staking program for the Centcex project has 100% APY going to the staked token.
The hundreds of products on the ecosystem will also attract thousands or millions of users, which will increase Centcex adoption. Therefore, the Centcex coin price is going to skyrocket as more products are launched. Centcex might be the next project to challenge the Bitgert chain in terms of utilities if the team launches products fast.
Bitcoin
The price of the Bitcoin coin has been dropping during the bear market. In fact, Bitcoin is among the cryptocurrencies that recorded over a 10% drop during the past 7 days. The bear market has dropped BTC price to below $40k, which is a price that most crypto investors never thought they would see in March.
However, Bitcoin is among the cryptocurrencies that are expected to make a strong comeback from the plunge. Therefore, the drop should not scare Bitcoin holders. However, Bitcoin is getting tough competition from the likes of Bitgert in terms of chain speed and the cost of gas.
Ethereum
Ethereum has also plunged over 10% in this bear market, making it among cryptocurrencies that have been hit hard by the crash. But the Ethereum high gas fee has got something to do with this drop. There are few investors buying Ethereum because of the high gas fee, making the project less attractive to developers than Bitgert.
However, the ongoing upgrade of the Ethereum network might make the cryptocurrency more competitive against Bitgert and many other cryptocurrencies. The current upgrade will make the Ethereum chain faster and cheaper by reducing the gas fee. That’s when it will be able to compete with Bitgert.
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