Here’s Why Fantom Price Drop & Whales Joining Bitgert

The widely anticipated BRISE price explosion is the reason why many whales are buying and accumulating Bitgert.

Fantom (FTM) has been one of the most talked-about in the crypto industry. This is after the coin dipped 25% in a single after the announcement that its technical advisor, Andre Cronje, was exiting DeFi and the cryptocurrencies industry. But the coin was not doing well even before the news.

Crypto data from Coinmarketcap shows that Fantom price has been plummeting for most of 2022. For the past 30 days, Fantom has dropped 46% at the time of this writing. That's how bad this cryptocurrency has been doing in the market.

In fact, Fantom whales have been joining Bitgert (BRISE), one of the coins that have been bullish for the same period. Here is more about the Bitgert project and why Fantom has been dropping, and its whales have been leaving:

Bitgert

The Bitgert price has been bullish for the past 30 days, while Fantom has dropped 46% during the same period. The coin has been skyrocketing non-stop, and that's what made this coin popular with investors. But the reason for the Bitgert skyrocketing price is not just mere hype. It is because of the utilities the team has built. The most exciting utility is the Bitgert BRC20 blockchain, a chain that has a zero gas fee mechanism. BRC20 blockchain is also the fastest in the industry.

These are things making Bitgert the most sought-after coin in the industry right now, even by the Fantom whales. The Bitgert chain has already started the adoption, and soon, there is going to be a massive adoption with the ongoing development of the BRC20 bridges. The widely anticipated BRISE price explosion is the reason why many whales are buying and accumulating Bitgert.

Centcex

The Centcex team has been doing a great job over the last few months. Since the project launched in mid-November 2021, there have been many developments, especially in delivering the Centcex roadmap. The team has delivered all the milestones so far as it had promised. The development of the Centcex products has already been started, and the launch date might be announced soon.

The huge returns on investments are what attract people into this industry. Many Centcex products will be built for the ecosystem, which is what makes this project exciting. The revenue generated by these products will be huge. The products also mean huge demand for the coin, which will result in skyrocketing prices. The Centcex project might offer Bitgert tough competition on utilities.

Fantom

The falling Fantom price has been the biggest concern by the investors. The coin has been plummeting for months, starting from Q4 2021. But the recent drops have been massive, and this is why the Fantom community is concerned. A 46% drop in 30 days must say something about this project. Cronje's exit has accelerated this huge drop.

But the tough competition from other networks like Bitgert has also been a key factor. The Fantom network is no longer experiencing the kind of adoption it was getting. This is because of the availability of more competing products like the Bitgert BEC20 blockchain. It is a cheaper and faster chain which makes Fantom appear inferior. Therefore, the FTM needs to work on its mainnet.