Key Points:
Shiba Inu has again given to the volatile crypto market, and the price has hit another lower low. From the Coinmarketcap data, SHIB price has plummeted 5% in the past 7 days, with the last 24 hours posting a 3.3% decline at this writing. The Shiba Inu price has also dropped to $0.00001023 at the time of this writing.
As mentioned a few days ago, Shiba Inu price might be heading to '5 zero' if the hawkish FED and bears strike the crypto market again. At the time of this writing, bears were very much in control, and there were all possibilities of the prices plunging down further.
However, Shiba Inu is also dealing with the problem of developing its ecosystem. Though Shiba Inu has got many developments, the slow delivery is the reason investors are losing confidence in this project. The confidence issue has also been escalated by the disappearance of the founder.
In addition to that, the coming of more interesting crypto projects like Bitgert (BRISE) is making Shiba Inu less attractive. In fact, many selling Shiba Inu investors have been joining Bitgert.
Bitgert (BRISE) is now one of the most discussed crypto projects today. This is after posting one of the best price growths during a bearish market. The Bitgert project managed to post a new ATH this year and has also been delivering its roadmap faster than any outhit crypto project of 2021.
The Bitgert BRC20 blockchain still remains the most exciting product and the big reason Bitgert is doing so well. As the first gasless blockchain, Bitgert BRC20 is currently posting one of the biggest adoption rates in the market. In addition to this, Bitgert is bringing more disruptive products to the Bitgert chain through the Bitgert roadmap V2.
Shiba Inu holders are also buying Bitgert BRISE to enable them to invest in Bitgert backed projects. Though about 30 Bitgert Startup Studio projects have been launched, there are 1000+ new projects coming on the Bitgert chain this year.
These are reasons why Bitgert price has been stable while Shiba Inu is plummeting. However, the upcoming bull run is expected to surge Bitgert and SHIB prices.
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