With the upcoming Bitcoin halving, the crypto market is set to gain some interesting momentum as seen historically. Let’s take a look at why Bitgert may be the coin to shine this halving.

What is Bitcoin Halving?

The Bitcoin halving event occurs every 210,000 blocks where the block rewards are halved. This creates a scarcity for Bitcoin which has historically resulted in a surge in price. The Bitcoin halving is expected to be a few hours away and will reduce block rewards from 6.25 Bitcoin per block to 3.125 Bitcoin per block. The last halving saw a surge from $8,602, in May 2020  to $69,000 in November 2021. Let’s take a look at what this means for altcoins like Bitgert.

Altcoins to Benefit Too?

The halving has historically been beneficial for not just Bitcoin but the crypto market as a whole. The sell-off after Bitcoin reaches an all-time high post-halving has historically been able to get volume into altcoins. An altcoin to watch during this halving? Investors say it’s Bitgert’s BRISE coin. The near-zero gas fee and high-speed nature of Bitgert’s BRC-20 chain have been making heads turn in the crypto market. This is the first chain to achieve this milestone and solve the age-old high gas fee problem that has plagued chains like Ethereum since their inception. The uniqueness of the chain has gotten Bitgert’s native coin, BRISE, to gain some attention.

The Bitgert Ecosystem

The Bitgert ecosystem isn’t just the BRISE coin and the unique BRC-20 chain. The team has developed an exchange that just had its v2 release on the Play Store, a marketplace, a swap and its latest addition is an AI-Based Smart Contract auditing tool. These developments have helped the Bitgert team grow to over 600K community members and over 25 Million on-chain transactions. These numbers seem to impress investors, resulting in Bitgert’s BRISE coin outperforming Bitcoin in the last 24 hours, surging over 6%. The halving is expected to play out well for Bitgert as the coin seems to trace the path of Bitcoin.

Conclusion

With the Bitcoin halving only a few hours away, we assess what this could mean for altcoins like Bitgert. Historically, the halving not only drives up the price of Bitcoin in a few months but also adds volume to the market. The volume eventually enters altcoins which get a significant surge post halving. The unique nature of Bitgert seems to be turning heads as the coin to watch this halving.

 

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Filed under: Bitcoin - @ April 20, 2024 9:22 am