Cardano Indicates Bearish Movements, While Bitgert Remains Strong

Cardano is also struggling to beat competition from the likes of Bitgert (BRISE).

Key Points:

• Bearish market to slow Cardano growth
• Cardano slow adoption remains a big issue
• Bitgert continues to push Cardano price down

The Cardano coin performance has not been at its best in the past 6 months. In fact, the Cardano coin has been plummeting from the ATH. From the Cardano data; the coin has lost 44% for the past 30 days and 82% of its value since the ATH 6 months ago. That's how bad the Cardano coin has been performing in the market.

The Cardano coin still shows bearish movements looking at the charts, and, more so, if the bear market continues. This is because the Cardano team is yet to address most of the factors causing the price to keep plunging when the likes of Bitgert (BRISE) have been skyrocketing.

Among the major limitations causing Cardano to keep plunging, apart from the bad market, are the chain performance, slow adoption, and the slow growth of the ecosystem. The chain performance is one of the areas that Cardano is working on at the moment. There are several Cardano mainnet upgrades that will be launched soon, but it might take a while before a bullish growth can be realized.

The Cardano Vasil hard fork might be a big deal. The Cardano Hydra scaling protocol is also expected to make Cardano the most scalable chain. However, with the bearish market and slow chain adoption, Cardano remains one of the bearish coins in the crypto market.

Cardano is also struggling to beat competition from the likes of Bitgert (BRISE). There are a number of things that makes Bitgert stand out as the major Cardano competitor. One of them is the fast-growing ecosystem, which is expected to continue growing faster.

Bitgert has already launched a more powerful blockchain than the Cardano chain. The Bitgert BRC20 blockchain is faster and has a lower gas fee than what the Cardano chain is offering. That's why Cardano chain adoption has dropped when Bitgert is growing exponentially, But the Bitgert team is also working on bringing more products and projects to the Bitgert ecosystem.

The just released Bitgert roadmap V2 has a list of disruptive DeFi, Web3, and NFT products that the Bitgert team is building within very short timelines. The Bitgert team has also announced the addition of 1000+ new projects to the Bitgert chain in the next 12 months. This, plus the Centcex partnership, are the developments that are making Bitgert bullish when Cardano is bearish.

In conclusion, Cardano has a lot of issues to address to keep the project competitive against the likes of Bitgert and remain strong in a bearish market.