by Analytics Insight
February 28, 2022
Bitgert has surged over 80% while most of its competitors like Polkadot (DOT) and Fantom (FTM) prices are dropping. The market has been bearish by the end of the weekend and has affected all the major cryptocurrencies.
Though the plunge has not been very sharp, most of the coins have recorded marginal drops in price. But why is Bitgert surging with such a high percentage when the market is bearish? Read more below:
Bitgert
The skyrocketing Bitgert price is associated with the projects’ developments that have excited crypto investors. The biggest development has been the launch of the BRC20 blockchain, a zero gas fee blockchain. The gasless Bitgert blockchain has permanently addressed the issue of the costly gas fee in blockchain technology. The cost of Bitgert gas is $0.0000000000001, which is simply a zero figure.
The Bitgert BRC20 blockchain is also offering the fastest chains with its 100k TPS. This is a speed faster than Solana. These are the two major reasons why Bitgert has been performing very well in the market over the last few days. With more products launching soon, like the Brise CEX, the Bitgert price is expected to continue surging even bigger.
Centcex
There are many reasons why Centcex, despite being just 3 months old, has been attracting so much attention from the crypto community. One of them is the massive utilities the Centcex team is promising. The team behind this project is building an unlimited number of products. This means hundreds of products will be running on the Centcex network, and the team will continue building more.
Therefore, for investors looking for high utility projects with good returns on the investor, Centcex is an ideal crypto investment. The project has 100% APY going to the crypto investors as the staking rewards. That’s how attractive Centcex is.
Fantom (FTM)
Fantom (FTM) remains one of the best crypto investments in the market today. The smart contract platform and layer-1 blockchain was built to address the scaling issue in the smart contract platforms. The Fantom chain’s EVM compatibility is one of the reasons why it is doing very well in the market.
However, Fantom (FTM) is among the cryptocurrencies that are dropping with the current bearish market. The coming of more attractive chains, like the Bitgert gasless chain, could be one of the reasons why the Fantom price is dropping. The Brise chain is offering a lower gas fee, and the chain speed is faster than Fantom.
Polkadot (DOT)
Though Polkadot (DOT) has been one of the cryptocurrencies with the biggest drops in the market right now, it has also been performing very well during the bull markets. But the recent price drops might be due to a number of factors. One of them is the plunging market, which is affecting all cryptocurrencies.
Apart from the plunging market, the launch of the Bitgert zero gas fee and faster chain could also be affecting the Polkadot (DOT) popularity. The Polkadot chain is not as powerful as the recently Bitgert BRC20 blockchain, which could be the reason why more developers could be going for the Brise chain.
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