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The Shiba Inu performance has been slowing over the last few weeks. This can be seen from the dropping marketcap and also the decreasing number of transactions. This is at a time when other cryptocurrencies, like Bitgert, have been growing exponentially on all fronts.
The dropping Shiba Inu performance shows its hype is dying, and there are other crypto projects attracting crypto investors. One of the crypto projects that has clearly overtaken the Shiba Inu hype is the Bitgert after launching its zero gas fee blockchain. Read more about Bitgert here:
Bitgert is now taking all the hype, and being one of the cryptocurrencies with real utility, it has been gaining popularity from quotas of the crypto industry. The biggest milestone for the Bitgert project so far is the launch of the zero gas fee blockchain. Bitgert chain is a revolutionary and game-changing blockchain designed to increase cryptocurrency adoption.
The Bitgert zero gas fee chain has addressed one of the biggest problems in the crypto industry, which is the high gas fee. This is the biggest problem with Ethereum and many other chains. At $0.0000000000001, Bitgert has the lowest gas fee in the blockchain history. This is why it has attracted the attention of developers.
In addition to that, the Bitgert BRC20 blockchain is currently the fastest in the industry after overtaking Solana. The launched Bitgert chain is now at 100k TPS, which is a speed that is attracting many blockchain users in general. These are the reasons why Bitgert has overtaken the Shiba Inu hype to be the most sought-after blockchain in the market.
The Bitgert team may have developed its project faster, but Centcex is also proving a force to reckon with. The team has also proven that they are going to develop the Centcex at a very fast rate. It is three months since the launch of the Centcex project, but one thing that stands out is the team delivering the project very fast.
The Centcex exchange is marked as the first big product, and the team is already in the advanced stages of its development. There are more products coming as per the Centcex roadmap, with the starting in Q1. Centcex is one of the projects that is promising to keep building projects throughout its life, which is why it is attracting investors.
The Shiba Inu hype looks like it is fading away. The token price has not been doing very well in the market and has also been dropping its marketcap. In fact, there has been a persistent drop in the number of transactions taking place on the Shiba network. All these are signs that the coin is losing traction in the market.
The competition that Shiba Inu is getting from the likes of Bitgert BRC20 blockchain is one of the reasons for the poor performance. Though the team is working on making Shiba a more utility token, it might not beat the features that Bitgert blockchain offers. That Bitgert is one of the biggest Shiba Inu competitors. With the Brise chain, the Shiba team has a lot to do to beat the competition.
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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.
