The Bitgert price has remained as concerns about the cryptocurrency industry remain in the past few weeks. BRISE, its native token, is trading at $0.00000070, which is about 70% above its lowest level in May. However, according to CoinGecko and CoinMarketCap, the platform’s market cap is unknown, meaning it is a relatively small token.
What is Bitgert, and is it a good investment?
Bitgert is one of the most hyped blockchain projects around. It is a smart contract platform that aims to become the preferred destination for blockchain developers. It has better features than other popular blockchains like EOS and Ethereum.
For example, Bitgert can handle over 100,000 transactions in a second while the average transaction cost is about $0.00000001. According to its block explorer, the average block time in the network is 15 seconds, while the total blocks in the network have jumped to over 627k. As a relatively new platform, the BRISE token is held by over 15,000 addresses as the network has handled more than 457k transactions.
All these numbers are great for Bitgert. But they don’t necessarily make it a good investment. For one, we have seen Kadena struggle despite the fact that it can handle over 450,000 transactions per second. Kadena achieves that while using a proof-of-work ecosystem that is often safer than proof-of-stake.
Bitgert’s ecosystem is also relatively small. Its website lists three projects in the ecosystem, including Knit Finance, Midas NFT marketplace, and Spynx. As part of its roadmap, the developers are working on ecosystem scaling, centralized exchange mainnet launch, and Paybrise Dapp UI design.
Bitgert price prediction
The four-hour chart shows that the Bitgert price has moved sideways in the past few days. The coin is trading at $0.00000070, which is higher than the intra-month low of $0.00000040. In addition, the price is oscillating along the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved to the neutral level of 50.
BRISE is between the 23.6% and 38.2% Fibonacci retracement level and the important resistance at $0.00000080. Therefore, with Bitcoin and stocks rising, there is a likelihood that Bitgert will follow them and retest the resistance at $0.00000080, which is about 15% above the current level. Therefore, the stop for this trade is at $0.00000065.