Bitgert Soars, Defying Market Trends; Solana and Cardano Struggle

In a market plagued by downward trends, Bitgert soars, defying the struggles of Solana and Cardano. Despite their price corrections, Bitgert's resilience shines as an ascendant star, surpassing established players. Its unique appeal and unwavering momentum have left investors green with envy, while Solana and Cardano face challenges in keeping pace with this crypto darling's upward trajectory.

Why Is Bitgert Soaring While Solana and Cardano Are Struggling?

Despite the broader market downturn and price corrections that have plagued the likes of Solana and Cardano, Bitgert Coin has defied the odds and continued its upward trajectory. This crypto darling's resilience has left investors in the aforementioned projects green with envy. Let's delve into the factors driving Bitgert's ascent and the challenges facing Solana and Cardano.

Bitgert: The Ascendant Star

Bitgert's unwavering momentum has propelled it past established players like Solana and Cardano, despite the bearish market conditions. Analysts credit this consistency to the cryptocurrency's unique appeal, particularly since the launch of its blockchain.

The Bitgert BRC20 blockchain stands out as the industry's first with a gas fee of $0.0000000000001, offering near-zero transaction costs. Its speed and efficiency also eclipse Solana, with a blistering 100k TPS.

These advantages have fueled Bitgert's meteoric rise, enabling it to overshadow the likes of Solana and Cardano. As more users flock to the Bitgert chain, market analysts predict a surge in demand from investors, including those from established cryptos like Solana and Cardano. This increased buying pressure is poised to send BRISE to the moon, rewarding early adopters, including savvy Cardano and Solana investors, with astronomical gains.

Cardano: Troubled Waters

Cardano's total value locked (TVL) has plummeted from $520 million on March 14 to a mere $409.9 million on March 22, a staggering $110 million loss in just a week. This sharp decline in decentralized finance (DeFi) participation on Cardano's Layer-1 blockchain paints a gloomy picture for the platform's native token.

Experts attribute Cardano's woes to the dwindling demand for DeFi services on its network and its shrinking market share to competitors like Solana and vibrant Layer-2 networks such as Arbitrum and Optimism. Given the lack of DeFi traction, Cardano's current price retreat is likely to worsen, prompting experts to recommend exploring promising alternatives.

Solana: On the Cusp of a Downturn?

A close examination of Solana's price chart reveals that short-term exponential moving averages (EMAs) are currently hovering above longer-term EMAs, such as the 100 and 200. This observation aligns with the current price level of Solana. Analysts interpret this as a signal of consolidation in the short term. However, many Solana investors are understandably wary of further declines.

Solana has been undergoing a corrective phase in recent days, and experts anticipate that its price will test the $161 support level. If that support fails to hold, $137 could emerge as the next price target. Such bearish price action would represent a significant 21% drop. However, if Solana's price manages to regain momentum, it could return to the consolidation phase and potentially reach $210 again, a 20% increase from its current value.

The uncertainty surrounding Solana's future has led many investors to seek solace in Bitgert as a more promising alternative. Its unique blockchain features and strong growth potential have positioned Bitgert as a beacon of hope amidst the market turmoil.