Bitgert’s BRISE coin outperforms other currencies in the bear market to indicate great returns for investors.
The start of 2024 brought about a surprising bull run for the cryptocurrency market. But right now, the market is back to its correction stage with currencies trickling down. If you were to invest $100 in a currency now, which one would you choose?
A lot of people are aiming towards small-cap currencies like Shiba Inu, PEPE coin and Bitgert’s BRISE coin. But even these currencies have suffered a blow in this correction. Shiba Inu and PEPE coin already have a large user base, but why are people still considering Bitgert’s BRISE coin? Well, let’s find out which currency has the most potential for great returns and why BRISE over Shiba Inu and PEPE coin.
Bitgert’s BRISE Coin
Bitgert has become one of the fastest-growing blockchain networks in the world. Bitgert already has over 25M community members while it was launched at the end of 2021. One of the biggest perks of Bitgert is the 100k TPS transaction speed it offers while maintaining the security features. The PoA mechanism of the Bitgert chain acts as a support as only the authorized validators can add blocks on the chain. Bitgert also offers transactions at near-zero gas fees, which attracts more users to the chain.
Backed by such a strong network, Bitgert’s BRISE coin enjoys the use case relevance as it powers the whole transactional ecosystem of Bitgert. BRISE coin is a BRC-20 token which has its own chain as opposed to the Shiba Inu and PEPE coin. Bitgert’s BRISE coin has already risen by over 40,000% since launch and is up by 70% in the last month alone. Even in this bear market with Shiba Inu and PEPE coin failing, the market performance indicators like RSI score and MACD value strongly suggest investors buy more of the BRISE coin. The trading volume of Bitgert’s BRISE coin is increasing while that of Shiba Inu and PEPE coin has fallen.
Shiba Inu
A lot of people are aware of Shiba Inu as it launched in 2020 and quickly gained momentum. Shiba Inu is a meme currency along with the PEPE coin, which was released just with the aim of community engagement. The use case relevance of Shiba Inu is not high but it can be used to implement smart contracts. There are certain decentralized application use cases too which Shiba Inu is currently supporting. Shiba Inu is based on the Ethereum chain, along with the PEPE coin and therefore has no strong backup of its own. Shiba Inu can serve as a payment option in case of businesses that accept it for payment.
The market relevance of Shiba Inu is not very high either. The Indicators like the RSI score and moving averages continuously indicate that Shiba Inu has been overbought. There is strong selling pressure amidst the investors of Shiba Inu. So, it is safe to say that Shiba Inu does not have a good future outlook as even the trading volume of Shiba Inu keeps falling.
PEPE Coin
Lastly, the PEPE coin is another meme currency that is looked upon by a lot of buyers for quick returns. However, the problem with the PEPE coin is similar to that of Shiba Inu. PEPE coin is also hosted on the Ethereum chain and therefore lacks support of its native chain. The PEPE coin is an ERC-20 token which is more secure and trustworthy than Shiba Inu. The use cases of PEPE coin relate to peer-to-peer transactions and business payments. PEPE coin also powers some of the NFT marketplaces which therefore increases its circulation in the market.
Right now, the market performance of the PEPE coin is not great either like Shiba Inu. PEPE coin has fallen close to 20% in one week alone. There are speculations that the PEPE coin will have another breakdown as the RSI score indicates strong selling pressure. Other indicators like falling trading volume and low MACD score also suggest that PEPE coin holders intend to sell their holdings.
