There’s one rule in crypto when it comes to tokenomics – the more you burn, the pricier it gets. Coin price fundamentals function on demand-supply ergonomics. Higher demand against limited supply pushes the prices of tokens up and vice versa.
For instance, Ethereum has consistently gained value as more tokens get burned. Its supply is deflationary, hence the price jump. Bitgert token (BRISE) had an update in January 2024, which caused a significant reduction in its circulating supply.
Experts predict the new update will be a catalyst in pushing Bitgert’s prices up by 20000% and help it reach the formidable price target of $0.00001!
Let’s get into the nitty-gritty of it.
Permanent lock token burn mechanism
As per the new update, 12% of the Bitgert tokens from each transfer get locked under a smart contract permanently. These tokens are permanently removed from the circulating supply. The last few days have seen the successful implementation of the burn mechanism.
A total of 134 billion Bitgert tokens have been successfully removed from circulation. This development has made the Bitgert token highly deflationary, opening up the potential for a 2000% pump for the Bitgert token.
The Bitgert update happened after tax fees were eliminated on its Binance Smart Chain (BSC) decentralized exchange (DEX) trading.
What will be the impact of the new burn update on Bitgert’s price?
Bitgert’s burn mechanism has pushed Bitgert’s price to surge by 12.5% in the last 24 hours and by 76% in a month post the burn mechanism. The returns have outpaced the market returns so far.
The burn mechanism will continue to trim down Bitgert token’s supply, With Bitgert’s supply fixed at 1 quadrillion BRISE, the token will continue witnessing price rise as the ecosystem gathers greater adoption.
Experts predict the altcoin market will witness a huge pump as Bitcoin reaches its ATH. The Bitgert token, led by market momentum and Bitgert’s burn increase, is set to witness a massive price surge to $0.0001!
About Bitgert
Bitgert is a powerful layer-1 blockchain that offers optimum scalability and security at negligible fees. It is one of the fastest blockchains, with a speed of 100K TPS. Bitgert hosts a CEX that allows users to trade at zero fees, a P2P exchange, and a payment gateway. It presents a suite of tools and products to help developers build their NFT, DeFi, gaming, and metaverse protocols over the Bitgert chain.
Bitgert holds extreme potential for a price surge in the coming months as the bull market strengthens. Led by its burn mechanism, robust tokenomics, and top-notch transaction execution speeds, you might be in for a bounty.
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Source: https://thenewscrypto.com/analyzing-bitgerts-coin-burn-increase-anticipating-a-striking-20000-price-surge-to-0-0001/