- Bitgert has crashed by almost 50% from the highest point this year.
- The developers have made several announcements recently.
- The total value locked in its DeFi ecosystem has dropped to just $1.1M
Bitgert price has been in a freefall in the past few months as demand for the token eases. The BRISE token plunged to a low of $0.00000035, the lowest level on January 31st. It has fallen by almost 50% from the highest level this year.
Bitgert has lost the momentum
Bitgert is an upcoming blockchain project that seeks to become an alternative to leading smart contracts like Ethereum and Solana. It has faster speeds and low transaction costs. Unlike Ethereum, it can handle thousands of transactions for just a few cents. Also, it can process over 100k transactions per second.
Bitgert also launched its own exchange in 2022 which makes it possible for people to buy and sell cryptocurrencies. Also, it has the Bitgert Marketplace that enables people to buy and sell anything using cryptocurrencies.
While Bitgert achieved early success, the traction in some sectors has started to lose transactions. For example, the total value locked (TVL) in the DeFi ecosystem has dropped to just $1.1 million from an all-time high of over $11 million.
The biggest DeFi dApp in the ecosystem is Sphynx, which has a market dominance of 71.55%. The other dApps in the ecosystem are Icecreamswap, Q3 Swap, and Bitgert Swap among others.
There have been some several important Bitgert news lately. For example, Bitgert Ventures announced a $3.5 million partnership in Parex Market, which is an upcoming DeFi exchange. Further, Bitgert’s social media activity has improved, with the number of total engagements jumping to 1.02 billion in April.
Meanwhile, BRISE is now being supported on NowPayments, a leading platform that accepts crypto payments. It also partnered with ChainGPT and integrated AI in its Telegram account.
It is worth noting that, unlike other blockchains, Bitgert announces new partnerships almost on a daily basis.
Bitgert price prediction
The daily chart shows that the BRISE price has been in a strong bearish trend in the past few months. It has moved below the 25-day and 50-day exponential moving averages (EMA). The Relative Strength Index (RSI) has continued dropping and is moving closer to the oversold level.
Bitgert has moved slightly below the important support level at $0.00000044, the lowest level on March 11. Therefore, BRISE will likely continue falling as sellers target the next support at $0.00000028, the lowest level on December 31st.
