While currencies struggle in the bear market, Bitgert’s BRISE coin rises through the market with great returns.
Shiba Inu, PEPE coin and Bitgert’s BRISE coin are some of the currencies that investors look at, for huge returns. Owing to the smaller price tag of Shiba Inu, PEPE coin and Bitgert’s BRISE coin, even a small investment can fetch a large number of tokens. However, the investors are now confused between the PEPE coin, Shiba Inu and Bitgert’s BRISE coin as the bear market dawns upon with falling prices of the tokens.
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Both Shiba Inu and PEPE coin have fallen majorly in the last week, while Bitgert’s BRISE coin managed to minimize the bear market impact. So, if you are confused between which currency to invest in, let’s take a look at how the PEPE coin, Shiba Inu and Bitgert’s BRISE coin are performing.
Bitgert’s BRISE Coin
Launched in 2021, Bitgert has grown quite rapidly with its modernized approach towards the blockchain community. The existing investors of Bitgert’s BRISE coin have realized that the token is much more than a meme currency. Bitgert hosts the BRISE coin token which is used for transactions and powering projects like Miidas NFT marketplace, Omniaverse, etc. hosted on the Bitgert chain.
Compared to Shiba Inu and PEPE coin, Bitgert has a transaction speed of 100k TPS which makes the other two look like children. Bitgert’s BRISE coin is also hosted on its own chain as opposed to Shiba Inu and PEPE coin. The Bitgert community has already risen to 600k and more than 25M transactions have taken place on the network. So, Bitgert’s BRISE coin has strong support from the community.
Bitgert’s BRISE coin is performing well in the market too with a 40,000% return since the launch and close to 65% return in a month alone. The market indicators like RSI score, moving average, trading volume, MACD value, etc. fall in Bitgert’s BRISE coin’s favour. The RSI score for Bitgert’s BRISE coin is close to 55 which suggests investors buy more tokens. Also, the increasing trading volume and positive moving average imply a strong buying pressure in the market.
Shiba Inu
Competing with the PEPE coin and Bitgert’s BRISE coin, Shiba Inu has got many eyes on it. Shiba Inu is hosted on the Ethereum chain, opening up the utility of smart contracts offered by Ethereum. Also, Shiba Inu powers transactions between individuals and businesses that accept the Shiba Inu token.
But, the major flaw with the Shiba Inu and PEPE coin is that they are both perceived as meme currencies. Shiba Inu started the promotions as a DOGE killer but now has lost relevance in the market. Shiba Inu and PEPE coin are both small-cap tokens which means that the number of transactions using Shiba Inu and PEPE coin are much less to build a market wave.
The market indicators do not fall in favour of Shiba Inu either. The RSI score of Shiba Inu suggests a strongly overbought sentiment, which means that a large wave of Shiba Inu selling is on the brink. The trading volume, moving average and MACD score of the Shiba Inu token also imply that the market favours selling the token.
PEPE Coin
PEPE coin is also being looked at as a small price investment in the current market. PEPE coin is hosted on the Ethereum chain as well and allows peer-to-peer transactions on the network. The PEPE coin is an ERC-20 token which makes it more trustworthy than Shiba Inu and more efficient as well. The special thing about the PEPE coin is that it works on a deflationary mechanism, which means a significant supply of PEPE coin burns with every transaction.
Still, the reduction in the supply of PEPE coin has not helped PEPE coin in the market. According to the market history, the PEPE coin has fallen close to 20% in the last week alone. PEPE coin does not provide a significant use case other than community development and NFT transactions.
Also, the market fundamentals like RSI score and MACD value imply that the market favours selling PEPE coin rather than investing more in them. The problem can be seen clearly even with falling trading volume and the moving average of the token. So currently, Bitgert’s BRISE coin holds power over Shiba Inu and PEPE coin as an investible choice.
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