Key Points:
Polygon Matic holders have been buying Bitgert over the last few weeks. However, the last two days after the launch of the USDT/USDC bridge have seen more Polygon Matic holders buy and accumulate Bitgert. This is mainly because of the impact that the Bitgert stable crypto growth is expected to have.
Since the USDT/USDC bridge went live on the Bitgert chain, the price of the Bitgert coin has been surging. This is because of the mass adoption of the Bitgert coin and the USDT bridge. Polygon Matic holders are already gaining from the surging price. So the mass adoption of this bridge is helping Polygon Matic recoup their losses.
The main use of the USDT/USDC bridge is to help users of chains supported by the Bitgert chain swap their USDT to the Bitgert chain. This will give them an opportunity to trade their USDT and USDC on a gasless platform. The cost of transacting their stable coins is as little as $0.00000001, which is the gas fee on the Bitgert BRC20 blockchain.
With these benefits, the Bitgert project is going to enjoy massive adoption. This means the price of the Bitgert coin s going to increase. So Polygon Matic holders that have holdings on the Bitgert chain are going to enjoy good profits. That's one of the ways Polygon Matic holders will recoup the losses on Polygon Matic.
The bridge is also going to stimulate more developments. The Bitgert team is already building products on the roadmap V2. These products' massive adoption will be increased by the stable coin bridge. So the price of the Bitgert coin will continue to grow, and Polygon Matic holders will continue to gain.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
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.