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Ethereum whales are attracted to Bitgert (BRISE): 3 BIG reasons to know!

What is Bitgert (BRISE)? Bitgert’s gasless blockchain and its impact on BRISE price as interest grows. Unlike Ethereum, Bitgert boasts a CEX and an upcoming DEX platform. Ethereum (ETH) has been one of the cryptocurrencies with the best performance on the market so far this month.  According to the figures provided by CMC, the price […]

The post Ethereum whales are attracted to Bitgert (BRISE): 3 BIG reasons to know! appeared first on CoinJournal.

  • What is Bitgert (BRISE)?
  • Bitgert’s gasless blockchain and its impact on BRISE price as interest grows.
  • Unlike Ethereum, Bitgert boasts a CEX and an upcoming DEX platform.

Ethereum (ETH) has been one of the cryptocurrencies with the best performance on the market so far this month. 

According to the figures provided by CMC, the price of Ethereum has climbed by 31% this month, which represents a gain in just 2 weeks. That’s quite a remarkable display, indeed.

The price prediction for the Ethereum currency for the month of January appears to be favorable, and it is possible that the coin will keep its optimistic feeling for the upcoming few days. Despite this encouraging trend, though, investors in Ethereum are diversifying their holdings by purchasing other promising cryptocurrencies.

During the past few weeks, Ethereum whales have reportedly been purchasing Bitgert (BRISE), as stated by experts in cryptocurrencies. In point of fact, during the course of this month, the amount of these whales who have been introducing $BRISE to their holdings have already been significantly expanding. A few individuals have also been stockpiling this coin.

Analysts of cryptocurrencies believe that large holders of Ethereum are drawn to the developments involving Bitgert, which have the chance to cause $BRISE to soar in the coming weeks. 

Mentioned below are the leading reasons why Ethereum enthusiasts are interested in Bitgert. But first, let us discuss what ios Bitgerta is and how it operates as a separate digital entity. 

What is Bitgert?

The people who came up with the idea for the company Bitgert (who will be referred to in what follows as the “Bitgert team”) believe that their primary responsibility is to make a contribution to the formation of a society that is bound together by the shared aspiration to raise their standard of living through application of cutting-edge innovation and the application of technology of the highest possible quality. 

In this regard, blockchain is now the technology that is receiving the most attention, and it is generally seen as the technology that will most naturally succeed the internet.

This new method of data and value generation, transmission, storage, and utilization is made possible by blockchain technology, which is a combination of a number of previously developed technologies. These technologies include distributed data space, peer-to-peer data transfer, consensus mechanisms, and encryption algorithms.

Due to the modified codes behind the foundation of Bitgert, it has higher levels of scalability, security, and stability. 

Bitgert offers an expanding blockchain network that is user-friendly, low-cost, and configurable by providing cutting-edge architectures of virtual machines, adaptive sandboxes, value exchange protocols, and forking mechanisms. 

Bitgert is able to achieve a productivity rate of up to 100,000 transactions per second (TPS) thanks in large part to the optimization of its block interval, block volume, and consensus process. 

Bitgert believes that as technology advancement establishes a new power generation relation network, it will address the issue of trust in communication skills and organically incorporate societal consequences, individual behavior, and value swap into an inseparable whole. This will occur as a result of the network’s ability to organically implement societal consensus, individual behavior, and value exchange.

The Bitgert gasless blockchain remains a significant magnet for interest

The Bitgert BRC20 chain is among the most important products that helped create $BRISE as one of the cryptocurrencies that have the potential to have the greatest impact on the market. The introduction of this blockchain with no initial gas fee caused the price of Bitgert to soar to its all-time high.

The BRC20 blockchain offers significant advantages over Ethereum’s chain in terms of cost, speed, and safety. 

Despite the fact that Ethereum has transitioned to a PoS model, this remains the case. BRISE’s adoption is expected to continue growing at a faster rate than Ethereum’s, which should result in improved price and performance for BRISE. One of the grounds ETH whales are purchasing Bitgert right now is because of this.

Bitgert has its own exchanges

Despite being one of the most popular cryptocurrencies and the pioneering project in the cryptocurrency space, Ethereum does not yet have its own decentralized exchange. 

The cryptocurrency exchange is an essential function that Ethereum is missing, and Bitgert has indeed developed one. However, there are still other trading exchanges that support the trading of Bitgert too. 

Due to the recently created CEX and the forthcoming DEX, a significant number of whales are investing in Bitgert coins. These items have the capacity to skyrocket the demand for Bitgert coins, which will draw a significant number of investors.

Bitgert decentralized sector

As a result of the anticipated effects of the decentralized market, Ethereum whales are indeed stockpiling Bitgert. The BRISE team considers this to be among the most important things they will be launching this year. 

As per the reports given, the decentralized sector of Bitgert is backed up by advanced stages, click here to get further details regarding bots which support the trading of Bitgert tokens.  This online marketplace is going to emerge as one of the highly popular.

The final word

These are significant new developments surrounding the Bitgert project, which are attracting whales from Ethereum as well as other huge cryptocurrencies. As a result of these recent events, the value of Bitgert’s token is expected to skyrocket in the coming weeks. Because of this, a significant number of crypto whales are gravitating toward them.

The post Ethereum whales are attracted to Bitgert (BRISE): 3 BIG reasons to know! appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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4 bearish factors for Bitcoin this week

The Federal Reserve meeting scheduled on Wednesday may be hawkish for the dollar Bitcoin might give up some of its 2023 gains on a hawkish Fed All eyes are on the Fed’s view on inflation, growth, future interest rates, and quantitative tightening The Federal Reserve’s monetary policy decision is scheduled this week. It is the […]

The post 4 bearish factors for Bitcoin this week appeared first on CoinJournal.

  • The Federal Reserve meeting scheduled on Wednesday may be hawkish for the dollar
  • Bitcoin might give up some of its 2023 gains on a hawkish Fed
  • All eyes are on the Fed’s view on inflation, growth, future interest rates, and quantitative tightening

The Federal Reserve’s monetary policy decision is scheduled this week. It is the first time the FOMC (Federal Open Market Committee) meets in 2023, and the stakes are high for the US dollar.

Bitcoin has strengthened against the US dollar in January so far, in sync with other fiat currencies. Therefore, whatever the Fed decides on Wednesday will affect Bitcoin price too.

A hawkish Fed may turn up being bearish for Bitcoin. These are the four areas where the Fed may express its hawkishness: inflation outlook, growth outlook, interest rates level, and quantitative tightening.

Inflation outlook

The Fed is committed to bringing inflation to its 2% target. This is why it has raised rates so aggressively, so if the Fed says that inflation is embedded and upside risks remain, then the US dollar should move higher.

In this scenario, the market will bet that the Fed sees ongoing rate hikes as appropriate.

Growth outlook

The currency stance is that a sustained period of below-trend growth is likely. If the Fed changed its view and sees recession required to have a material impact on the inflation outlook, that would also trigger a sharp move higher in the dollar.

Interest rates

Ultimately, it is all about the interest rate level. The funds rate range has reached 4.25%-4.50%, and all eyes are on what the Fed does and says on Wednesday.

The base case scenario is that the Fed will hike by 25bp and says that ongoing interest rate increases are appropriate. Therefore, anything more than that should be bullish for the dollar and bearish for Bitcoin.

For example, the Fed might hike 50bp. This is a risk going into the meeting, especially considering that inflation is not backing down as fast as initially thought.

Quantitative tightening

The Fed currently shrinks the balance sheet at a pace of $95 billion/month. A decision to accelerate the balance sheet reduction would be very hawkish for the dollar.

The post 4 bearish factors for Bitcoin this week appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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