- Bitgert price remained in a tight range on Thursday.
- The network announced its partnership with Band Protocol.
- The developers also launched the new BEFE meme coin.
Bitgert price remained in a tight range even after the network made some important news. BRISE, its native token, was trading at $0.00000025, which was a few points below this week’s high of $0.00000027.
Latest Bitgert news
Bitgert is a two-year blockchain that makes it possible for developers to build decentralized applications. It is an Ethereum alternative that has superior speeds and extremely low transaction costs. It also runs Bitgert Exchange, a platform where people can invest in digital assets.
There were two important Bitgert news this week. First, Bitgert announced a partnership with Band Protocol, one of the most popular oracle networks in the world. The partnership means that Bitgert developers will now have the option of using Band Protocol.
For starters, oracles like Band Protocol and Chainlink connect offchain data to the on-chain. For example, these protocols provide the market feeds that run decentralized finance (DeFi) networks like Uniswap and Aave. The statement added:
“Now, with Bitgert Chain’s mainnet integration, developers gain access to an extensive array of real-time data sources, ranging from events and sports to weather and beyond. The possibilities for innovation become boundless for Bitgert ecosystem.”
Bitgert introduces BEFE
Another important Bitgert news was that the developers moved into the meme coin industry. They unveiled BEFE, a new meme coin that is a blend of humor and innovation. Their goal is to see BEFE compete with other meme coins like Shiba Inu and Pepe.
The launch happened at a time when there is an elevated demand for meme coins. The most popular meme coin this year is Pepe, which has grown to a $500 million cryptocurrency. Other popular cryptocurrencies this year are Milady Meme Coin, Baby Doge 2.0, and Bone ShibaSwap.
What next for Bitgert price?
Bitgert price has stalled in the past few days. The token has remained in a consolidation phase slightly below the important resistance level at $0.00000026, the highest point since June. It is consolidating at the 50-period moving average and formed what looks like an inverted head and shoulders pattern.
Therefore, there is a likelihood that the BRISE token will remain in a tight range for a while. A bullish breakout will only be confirmed if it moves above the key resistance level at $0.00000026. A move above that level will see it jump to $0.00000030.
