- Bitgert’s token drifted upwards after Bitfinex listed the token.
- The company recently partnered with Travala.com.
BRISE price drifted upwards on Wednesday as investors reacted to several important Bitgert news. The token rose to a high of $0.00000048, which was about 17% above the lowest level this month. Its total market cap jumped to ~$193 million.
Latest Bitgert news
Bitgert is a blockchain project that prides itself for having superior speeds and low transaction costs. It can handle 100k transactions per second, which is significantly faster than other popular chains like Ethereum and EOS. According to DeFi Llama, Bitgert has a total value locked (TVL) of about $1.9 million, down from its all-time high of over $10 million.
Bitgert also runs a centralized crypto exchange where people can buy and trade digital coins at lower fees than peers. However, the exchange is still significantly smaller than other established brands like Binance, GMX, and dYdX.
BRISE price has drifted upwards for three main reasons. First, on Tuesday, the developers announced that it will now be possible for developers can audit their smart contracts using artificial intelligence technology. To do that, developers need to paste the code and the software will do the audit automatically.
Second, Bitgert price rose after the number of exchanges listing the token continued rising. This month, exchanges like KoinBX, Bitfinex, and digiFinex Global. Fans are also pushing Binance to list the token. In most cases, cryptocurrencies tend to do well after being listed by a key exchange.
Third, Bitgert continued implementing key partnerships in its ecosystem. The most notable partnership was with Travala.com, the leading blockchain-enabled travel website. As a result, it is now possible for people to pay for flights and hotels using BRISE.
BRISE price prediction
The 4H chart shows that the Bitgert crypto price has been in a consolidation phase in the past few days. In this period, it has managed to oscillate at the 25-period and 50-period exponential moving averages (EMA). A closer look shows that the token has formed a symmetrical triangle pattern that is shown in green. This triangle pattern is nearing its confluence point, signaling that a breakout is about to happen.
The Relative Strength Index (RSI) has moved slightly above the neutral point. Therefore, the outlook of BRISE is neutral at this point. A bullish breakout will be confirmed if it manages to move above the upper side of the triangle at 50.729e-8. On the other hand, a bearish breakdown will be confirmed if it moves below $46.99e-8.
