Take a look at why a number of factors are attracting Polygon holders to Bitgert

Key points:

• Polygon Matic price has been plummeting for the past 30 days posting a 42% decline
• Polygon Matic ecosystem is still growing but not as fast as the Bitgert ecosystem
• Bitgert BRC20 blockchain is becoming a major Polygon threat

Polygon Matic's performance, like most crypto projects, has been plummeting. The price has declined 42% at this writing, making Matic one of the coins with the sharpest decline in the top 20 cryptocurrencies.

The declining Polygon Matic price is due to the growing number of investors selling their holdings. More Polygon whales are selling their holdings, which has significantly pushed the price downwards. However, several factors can be blamed for the growing number of Polygon Matic holders reducing their holding.

FED's hawkish regulations have been one of the major factors. The adjustment of the inflation rates has been triggering massive selling in the stock and crypto markets. Polygon Matic has been among the cryptocurrencies hard hit by the FED's regulations.

Bitgert Competition

Apart from the FED's regulations and bearish market, competition is killing Polygon Matic. Exciting projects have come up that threaten the Polygon protocol's usefulness. Bitgert has been among the major Polygon Matic competitors and the reason why the Matic price has been declining. A number of factors are attracting Polygon holders to Bitgert.

Unlike Polygon Matic, Bitgert (BRISE) has made major developments. Polygon is a layer-2 scaling protocol for the Ethereum chain, while Bitgert has a complete blockchain with smart contracts functionality. Bitgert chain is also faster and has a lower gas fee than the Polygon network. However, it is the zero gas fee chain that's making Bitgert attractive to investors,

In addition to that, the Bitgert BRC20 blockchain is an EVM chain, which makes it possible to replace Polygon Matic as the best scaling protocol for Ethereum developers. Polygon and Ethereum investors can migrate to the Bitgert chain to enjoy zero gas.

Conclusion

However, many Polygon Matic holders will continue to sell and join Bitgert because of the potential that Bitgert has to increase 1000x. This is looking at the development that Bitgert is launching this year, including the fast-growing Bitgert ecosystem. The Bitgert roadmap V2 products and Bitgert Startup Studio projects are among the major developments that will grow 1000x.