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Is It Too Late To Buy Bitgert: BRISE Price Plunges 7% Amid Partnership With BoomCoin

The Bitgert price has dropped 7% in the last 24 hours to trade for $0.0000001592 at 10:03 am EST, on trading volume that increased 46% to $13 million. 

This comes amid its recent partnership with BoomCoin (a revolutionized red packet mining with a share-to-earn strategy). 

What Is Bitgert

Bitgert is a revolutionary crypto engineering organization that aims to revolutionize people’s interactions with digital assets. Through its numerous projects, Bitgert has also created a comprehensive product ecosystem covering all aspects of digital asset ownership. 

The project was launched in July 2021 on BNB Chain. It has rapidly expanded to cover DeFi, NFT, Web 3.0, and Metaverse, positioning itself as a top-tier blockchain ecosystem. Bitgert offers a range of products, including Bitgert Chain, BRISE dApp Wallet, BRISE Swap, BRISE Staking, Bitgert Bridge, and Audit Solutions with Leaderboard Support.

Further, the platform operates on a Proof-of-Stake consensus mechanism, enabling a more energy-efficient alternative to the resource-intensive Proof-of-Work systems oftenly used by various cryptocurrencies. 

The project focuses on scalability, security, and sustainability. Its unique Proof-of-Burn consensus mechanism aims to address the energy consumption concerns associated with traditional Proof-of-Work protocols.

Its native token ($BRISE) powers the Bitgert ecosystem, facilitating fast and cost-effective transactions. 

Bitgert’s ability to solve the blockchain trilemma like no other Layer-1 attracts most developers. The Brise chain boasts a TPS of 100k and an average of 15 seconds, making it one of the fastest Layer-1 chains. 

Bitgert Price Bulls Gear Up For A Bully Rally Above The Falling Wedge

Since its launch, Bitgert (BRISE) Coin has soared by over 40,000%, rapidly gaining attention in the market. Its trading volume has been surging daily, averaging around $2.7 million.

The Bitgert price has recorded a series of higher highs and lows, signifying a bearish sentiment in the BRISE mark.

Bitgert price

 BRISEUSDT. Source:TradingView.com

The Relative Strength Index (RSI) is currently subdued below the 50 mark, remaining in the consolidation zone on the 30-oversold level. Despite several attempts, it has failed to break through this level, correcting lower in a nose-dive-like pattern.

The Moving Average Convergence Divergence (MACD) is also in negative territory, indicating that Bitgert’s momentum is bearish and trending downwards. If seller momentum increases and Bitgert’s price falls below $1.0000001596, the bulls might need to double their efforts to push the price back up.

BRISE trades below the 50-day Simple Moving Average (SMA), with the bulls aiming to maintain the BRISE price within this critical support of around $0.0000001695. BRISE trades well above the 200-day SMA, which may be an indication that the token is still on a long-term bullish stance

However, if the bulls manage to increase their buying momentum, Bitgert’s price could continue to rise. A consistent series of higher highs might see the altcoin testing the $0.0000001900 level or its new all-time high of $0.00000019874.

Additionally, since May 24, Bitgert’s price action has consolidated into a falling wedge pattern, which is a bullish reversal pattern, suggesting a potential breakout to the upside.

Bottom Line

The Bitgert Coin has maintained a high market performance even through shallow waters. With its innovative capabilities and strong fundamentals, Bitgert is well-positioned to capitalize on this trend and set a remarkable growth trajectory.

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Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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