Investors in the bull market have the opportunity to profit from both established companies and new tokens. With a vast number of altcoins available, it can be challenging to find a token that meets the criteria of strong fundamentals, good tokenomics, and high returns.
Today, we will explore a promising find that competes with industry leaders such as Solana, Cardano, and Tron in terms of transaction speed and costs. This emerging blockchain is called Bitgert, and let’s dive into its details.
Bitgert’s Fundamentals
In the world of multiple blockchains, interoperability and scalability are crucial factors for any chain’s growth and success.
Bitgert is a layer-1 blockchain that offers zero fees and can achieve speeds of up to 100K transactions per second (TPS). Even renowned platforms like Solana, Base, and Injective cannot match Bitgert’s combination of low fees and high speeds. Solana, in particular, has been facing congestion and bot attacks due to the increasing number of memecoins on its network, and Base is likely to face similar issues as more memecoins are launched on its platform.
Bitgert employs the Proof of Authority (PoA) consensus mechanism to validate transactions. This mechanism is user-friendly and faster compared to Proof of Stake and other consensus mechanisms. Additionally, Bitgert provides a range of native products, including its own crypto exchange with zero trading fees, a P2P exchange, a payment gateway, and developer tools for building applications on the network.
The Bitgert ecosystem also includes a Startup Studio, which assists startups in raising funds through public and private sales. Bitgert has established partnerships with Chainlist, Forward, Omniachain, Dextools, and more. It boasts a thriving community of 800K members, with equally active communities on Discord and Twitter.
Bitgert’s Tokenomics
The native token of Bitgert, BRISE, is a BRC-20 token that serves as a utility token supporting the platform’s internal economy. BRISE has a limited supply of 1 quadrillion tokens and utilizes a deflationary mechanism. This means that with each transaction executed on the Bitgert chain, 12% of the transaction value is burned. So far, Bitgert has burned 36% of its token supply, ensuring that the price of Bitgert continues to rise as the supply decreases.
Bitgert also offers a staking program where users can stake BRISE tokens and earn rewards. Furthermore, Bitgert is set to be listed on the IBnnace exchange, which will further enhance its adoption and popularity among investors.
Bitgert’s Price Action
Bitgert experienced a remarkable 160% increase in value within a month before undergoing a correction. Since its launch, Bitgert has provided investors with a staggering 40,000% return on investment (ROI), and experts predict that Bitgert tokens alone could experience a 20,000% increase in value by 2024.
Currently, Bitgert has an RSI (Relative Strength Index) of 60, indicating growing investor momentum and buying pressure in the market. Its MACD (Moving Average Convergence Divergence) also presents a buy signal, and the token has successfully tested its 200-day Simple Moving Average (SMA) and Exponential Moving Average (EMA).
As the bull market continues to gain momentum, Bitgert is expected to achieve further gains and climb the charts for another rally.
Bitgert is considered a mid-cap token, and early investors stand to benefit greatly as the token gains more adoption and finds more use cases in the long run.