Key Highlights:
- Bitgert is a unique crypto protocol with interoperability at its core;
- The controversies traling Bitgert;
- Is Bitgert going the Shiba Inu way,
- Pricewise, Bitgert is solid.
Introduction
Cryptocurrency Investment is like a roller coaster ride; it can take you up, down, and all around, leaving you dizzy and confused. And just like a roller coaster ride, there are always new projects popping up that promise to take you to new heights. One such project that has been gaining a lot of attention lately is Bitgert (BRISE). But is it going the way of Shiba Inu?
Let’s dive in and find out!
Understanding Bitgert
First things first, let’s get to know Bitgert. It’s a crypto engineering project that specializes in blockchain products and auditing solutions. Launched in July 2021, Bitgert was initially built on the Binance Smart Chain and used BNB as its native token. However, the team made a significant development in 2022 by presenting the BRC20 blockchain, which offers near-zero gas fees and high-speed cross-chain transactions. That means you can move your BRISE coins from one chain to another with ease and without breaking the bank.
Bitgert is also marketed as a staking platform and a decentralized exchange (DEX), which means you can earn rewards by staking your BRISE coins or trading them for other cryptocurrencies. Plus, in spring 2022, the BRISE Wallet was integrated into the Bitgert chain, enabling users to send, receive, buy, and sell BRC-20 tokens. It’s safe to say that Bitgert has been busy building a robust ecosystem.
Source: Bitgert
Bitgert and Its Bizzare Controversies
As mentioned, the Bitgert network burst onto the scene in 2021, marketed as the first blockchain protocol with zero transaction fees. Its promise to revolutionize the crypto space caught the attention of investors and developers alike, and soon the Bitgert ecosystem was expanding rapidly, with the launch of various dApps, from NFT marketplaces to DeFi protocols.
However, the project’s lack of transparency and unanswered questions about its staff, reliability, and marketing tactics have tarnished its reputation online. The Bitgert team has worked anonymously, with no specific deadline to reveal their identities. While the move could generate more interest among investors and build trust in the crypto community, the delay has only fueled speculation and rumors.
In addition, the team’s questionable marketing methods have raised suspicions among industry insiders. Several websites were spotted engaging in aggressive promotion of the coin, with a flood of articles mentioning the project only in a positive way, and putting it on par with already successful and proven cryptocurrencies. The appearance of the only picture of the BRISE team also gave rise to a huge number of rumors, with the crypto community questioning its authenticity and attributing it to AI-based photo generators.
Source: Google Images | The Controversial Bitgert Team Image
These controversies have left investors and developers wondering about the true nature of the Bitgert project. Despite the lack of information and transparency, the Bitgert ecosystem continues to grow, and its future prospects are still uncertain. However, potential investors should exercise caution and do their own research before investing in the project.
Shiba Inu Vs Bitgert : Is Bitgert Going the Shiba Inu Way?
And now, let’s talk about the elephant in the room, Shiba Inu. Shiba Inu is a dog-themed cryptocurrency that has taken the crypto world by storm. It has gained popularity because of its cute and catchy branding, but it’s also been criticized for being a meme coin with no real use case. Sound familiar?
Like Shiba Inu, Bitgert started as a relatively unknown project that gained popularity due to hype and media attention. Both projects were also built on existing blockchains (Binance Smart Chain for Bitgert and Ethereum for Shiba Inu), and both have faced criticisms regarding their transparency and real-world use cases.
However, the biggest similarity between the two projects is the fact that their popularity seems to be waning. Google Trends data shows that the volume of searches for Bitgert recently reached its lowest point since December, with related keywords like “Bitgert price” and “Bitgert crypto” following suit. Similarly, Shiba Inu’s popularity has also been on the decline lately, with its price practically stuck in limbo.
Source: Google Trends
However, it’s important to note that both projects are still relatively new, especially BRISE, and it’s too early to say if they will go the way of the dodo or if they will make a comeback.
BRISE Shows Decent Potential
While its fundamentals and popularity are taking a hit, the price and technical outlook of the BRISE token appear to be on an interesting price recovery.
A blockchain analytics platform recently gave Bitgert a strong short-term technical score of 97 out of 100, which is basically the equivalent of getting an A+ in cryptocurrency school. This score means that Bitgert has been performing better than 97% of tokens in the past month. Impressive, right?
But let’s talk numbers. Bitgert is currently trading at $0.000000553, which is a little higher than its average price of $0.000000472 over the past month. Sure, it’s not breaking any records, but it’s definitely holding its own in the market. Plus, Bitgert has been on a bit of a rollercoaster ride lately, with its price fluctuating between a 30-day low of $0.000000345 and a high of $0.000000700 on February 26.
Source: TradingView | BRISE/USDT Daily Chart
That said, the cryptocurrency seems poised to maintain its upward stride in the near term, especially as the broader market shows decent signs of recovery. So, if you’re the type of person who loves a good adrenaline rush, Bitgert might be the token for you.
