Bitgert (BRISE/USD) price jumped sharply this week, becoming one of the best-performing cryptocurrencies this week. The token rose to a high of $0.0000010, which was the highest level since May this year. It has risen by more than 200% from the lowest level this year.
What is BRISE and why is it rising?
The blockchain industry has seen significant growth in the past few years. Concepts like decentralized finance (DeFi), metaverse, and non-fungible tokens (NFT) have all gone mainstream.
Bitgert is a blockchain project that seeks to become the next big thing in the smart contract industry. It is a relatively tiny project that prides itself for having significantly low fees and extremely fast speeds.
According to its website, Bitgert can process over 100,000 transactions per second (tps). Most importantly, its fees are negligible since it can handle millions of transactions for cents.
Bitgert price has outperformed other cryptocurrencies this week after the developers teased users about a major announcement. The tweet alluded that the new announcement will be a game changer.
Since then, the developers have made several announcements that have helped BRISE price. First, the total value locked (TVL) in Bitgert surged by 136% to over $76 million. This makes it one of the fastest growing projects in the BNB Chain.
Second, the developers announced the launch of PayBrise, a decentralized payment gateway. E-commerce companies can use its API to simply integrate the platform in their stores.
Third, Bitgert price rose after they announced that they will launch a crypto educative program where investors will learn about how to make money on the platform. Finally, it is now possible to use BNB to buy BRISE on Bitgert Chain.
Bitgert price prediction
The four-hour chart shows that the Bitgert price has done well in the past few weeks. It then went parabolic this week as the developers pumped the coin. The coin managed to move above the important resistance level at $0.00000050, which was the highest point on July 20.
It had moved above the 25-day and 50-day moving averages and formed a bullish consolidation pattern. Therefore, the coin will likely continue rising as bulls attempt to retest the weekly high at $0.0000010.
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