It is an open secret that Shiba Inu is doing badly. In the past 30 days, its marketcap has dropped from $17 billion to $12 billion at the time of this writing. The Shiba Inu price has also dropped by over 14% in the past 30 days. That's how badly the coin has been doing in the crypto market.
The poor performance of the Shiba Inu has made crypto investors leave, and many are joining promising coins like Bitgert (BRISE). That's why the Bitgert price and marketcap have been growing when Shiba Inu is shrinking. Read more about these cryptocurrencies below:
Bitgert has been one of the cryptocurrencies growing the number of token holders and the marketcap when most projects like the Shiba Inu are posting negative growth. The reason why BRISE is outperforming Shiba Inu, and many other crypto projects, is the attractive ecosystem the Bitgert team is building. The Bitgert BRC20 blockchain is the major development that has attracted a lot of investors and blockchain users.
The Brise chain has a zero gas fee and is ranking as the fastest chain in the market right now. But it is the plethora of products and the projects coming on the chain that is making Bitgert super attractive. The Bitgert bridge is already having a huge impact on this project. Bitgert exchange is also launching in the chain soon. Bitgert is a crypto project with massive potential, and that's why investors from other cryptocurrencies are joining.
Like Bitgert, Centcex is another crypto project that has been getting investors from Shiba Inu and other cryptocurrencies that are doing badly. This is why Centcex holders' count and the marketcap have also been growing fast, just like Bitgert. In fact, Centcex has been posting better performance than Bitgert as the coin price has increased by 230% over the past 30 days.
Centcex is one of the projects with massive potential to become the largest cryptocurrencies because of an unlimited number of products on the ecosystem. The Centcex ecosystem will host the largest number of crypto applications. So this is a big project that's in the initial stages of development. Investing in Centcex today guarantees huge returns in the coming days. That's why crypto investors are joining it.
The Shiba Inu drop is driven by many factors, but the utility of the project is the biggest problem. The Shiba project reached a point where it became stagnant, and all the hype had reached the limit. There was nothing exciting that was left to keep the project growing. That's when the Shiba Inu investors started looking for other projects like the Bitgert chain.
The team tried to work around the utility issue by building more products for its ecosystem. But the progress has been quick to keep the community, and the price of SHIB has been plummeting for over three months. The Shiba Inu products have missed delivering the oomph that would trigger a bullish SHIB. Unless this happens, the Bitgert project will continue to outperform it.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.