Ethereum Price Wobbles, While Bitgert Gears For A Price Uptick

Key Points:

• Ethereum is now trading below $1,400

• The bear market might push Ethereum to $1k

• Bitgert has gone bullish today

Bear has taken control of the market, and they are currently causing havoc in the crypto industry. Ethereum is trading at $1,323 on the morning of 13^th June 2022. This price was never foreseen, considering that the Ethereum team is in the final stages of 'The Merge.' This price is after the Ethereum team posted over an 8% decline in the past 24 hours of this press writing.

Ethereum has been hemorrhaging for the last few days, declining from $1,800 to the current price. But at the same time, some coins have been doing well in the current bear market. Bitgert (BRISE) tops among the coins that have managed to withstand the bear market to post a bullish growth.

Bitgert was posting an uptick of 22% at the time of this writing. This is a massive bullish performance considering that the overall global market cap had declined by 7.57% during the same time. Therefore, Bitgert tops among the crypto projects that have been bullish during the current bear market.

But why is Bitgert pulling off a +20% increment when the likes of Ethereum are in such bad shape today? Well, there are several factors driving the Bitgert coin price. The growth of the Bitgert project during this bear market and more upcoming development has been the biggest driver.

The Bitgert coin is waiting for a major tier-1 exchange, which is why Bitgert investors are still HODLing. Therefore, Bitgert has managed to reduce the selling pressure when the likes of Ethereum are struggling with massive sell-offs today.

There is so much that the Bitgert team is working on this month, including building powerful products on the Bitgert roadmap V2. Tens of Bitgert backed projects are launching this June, and there will be 1000+ projects coming up this year. These are just some of the developments that have enabled Bitgert to post such a bullish performance.

For the Ethereum project, the Ethereum team will need to do more to keep Ethereum investors HODLing even when the market is crashing. The ongoing Ethereum upgrades need to make a difference and promise better returns.

Although the upcoming Ethereum 'Merge' is expected to make a difference, it might be after the Ethereum coin has dropped below $1,000. That's if the bear continues controlling the market.