The cryptocurrency market has been witnessing a surge in activity and interest in recent weeks, with several major coins reaching new highs or breaking records of the year. Among them are Solana, Ethereum, and Bitgert, three projects that have different features and advantages for investors. Here is a brief overview of the latest performance and developments of Solana, Ethereum, and the hot buzz, Bitgert.
Solana (SOL):
Solana (SOL) is a blockchain platform that aims to provide fast, scalable, and low-cost solutions for decentralized applications (DApps). Solana uses a novel consensus mechanism called Proof of History, which allows Solana to process thousands of transactions per second. Solana has recently recorded a significant milestone this year as Solana hit a high for 2023. On November 10, Solana reached $55.47, which was a 150% increase from the previous month and the highest price since May 2022.
The surge in Solana’s price occurred amid the continuous selling of Solana (SOL) tokens by FTX’s bankruptcy estate, which had 55.75 million SOL in its assets. However, the impact of the sales was limited by a weekly sale limit of $100 million and the possibility that some tokens were locked or vested. Solana also benefited from the growing demand for leverage longs. Solana’s also witnessed increasing deposits and usage of DApps within the Solana ecosystem.
Ethereum (ETH):
Alongside Solana, we have the mighty Ethereum (ETH). Ethereum is the second-largest cryptocurrency by market capitalization and the most popular platform for smart contracts and DApps. Ethereum also saw a 14% weekly spike and rallied to levels above $2,000 on November 11. Ethereum has become the most talked-about token, evident from the notable increase in social volume. The main reason behind Ethereum breaking the 2k resistance was the Nasdaq filing that highlighted the intentions of BlackRock to turn its iShares Ethereum Trust into a spot Ethereum Exchange-Traded Fund (ETF). This would be the first ETF of its kind in the US and would boost the liquidity and accessibility of Ethereum (ETH) for investors. Ethereum has witnessed the highest day of whale transactions in 3 months. Ethereum’s social dominance seems to set the course for a positive sentiment in the market.
Bitgert (BRISE):
Now that we have looked at Solana and Ethereum, let’s look at the news hot buzz in town. Bitgert (BRISE), a full-suite crypto platform and blockchain, aims to revolutionize the electric vehicle (EV) industry by creating a blockchain-based platform that connects EV manufacturers, dealers, buyers, and service providers. Bitgert has announced the launch of its own EV car in Dubai in December 2023, which will be powered by solar energy and integrated with smart features. Bitgert’s own native token, BRISE, will be used for transactions and rewards within the Bitgert ecosystem. Bitgert has been gaining momentum in the crypto market, reaching a peak of 0.0000001736 on November 11, which was a 37% increase from the previous month. This increase was driven by the anticipation of its EV launch and the growing adoption of its platform by various partners and customers.
If you are interested in buying Bitgert (BRISE), you will need to follow these steps:
– Create an account on a crypto exchange that supports Bitgert’s BRISE, such as PancakeSwap.
– Deposit some funds into your account using fiat currency or another cryptocurrency.
– Swap your funds for Bitgert’s BRISE tokens at the current market rate.
– Transfer your Bitgert tokens to a compatible wallet for safekeeping.
You can also buy Bitgert’s BRISE directly from the Bitgert website using Binance Smart Chain (BSC) or Ethereum.
The upcoming EV launch in Dubai is expected to boost the demand and price of Bitgert’s BRISE, as it will showcase the potential and innovation of Bitgert’s platform. According to some analysts, BRISE could reach $0.00001, too.
Source: https://www.analyticsinsight.net/crypto-giants-solana-ethereum-and-bitgerts-meteoric-rise-and-latest-developments/