Key Points:
The crypto market started this week on a bad footing. The market has crashed, with all the major crypto coins already declining by a significant percentage. In fact, all the top 20 cryptocurrencies had yesterday morning posted a huge drop.
Some cryptocurrencies like Shiba Inu posted a double-digit decline yesterday, and they are still plummeting today. Even at the time of this writing, Shiba Inu was yet to kill the zero, and crypto experts say that Shiba Inu might drop further.
The current bear run is widely driven by the anticipation of a rise in the Fed rates as inflation has been soaring. The impact will be felt in the stock and crypto market, just like it has happened over the past few months. This triggers massive sell-offs, and that's how crypto prices will plummet.
Shiba Inu is among the coins that will be affected by the massive selling pressure after the Fed meeting this June. Therefore, if Fed hikes the rates, then we can expect Shiba Inu to plunge even deeper in the coming days. So Shiba Inu might be preparing for another drop.
At the same time, Bitgert is expected to do well in the bear market, just like it had done previously. The Bitgert project fought off the bears yesterday when the market was crashing to post an increase. Today morning, Bitgert posted a 22% increase in 24 hours as Shiba Inu sinks 8%. The Brise has been bullish as Shiba Inu plummets. Bitgert is expected to maintain bullish performance throughout the bear market.
Bitgert coin has managed to push the bears back with its massive community growth. The Bitgert community has been growing fast as hundreds of new investors buy Bitgert daily. That's why Bitgert recently announced reaching 150k holders when other crypto coins like Shiba Inu have been losing holders.
Note that Bitgert has massive developments coming up. The Bitgert roadmap V2, 1000+ Bitgert Startup Studio projects, and Bitgert stable crypto bridge are major developments attracting crypto enthusiasts. The Bitgert roadmap V2 has game-changing developments that are expected to skyrocket Bitgert price.
Shiba Inu might plunge further and further in the coming days if Fed rates are hiked. The Bitgert coin will still post a stable price or even skyrocket as more investors buy the Bitgert coin.
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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.