Why Solana Price Dropped By 70% From ATH

Key Points:

• Solana has been plunging 6 months straight

• Solana ecosystem growth has slowed

• Bitgert is quickly surpassing Solana

Since Solana reached the current ATH in the first week of November 2021, the coin has been plummeting no-stop. The Solana coin has dropped from the ATH of $258 to the current price of $51. This means the Solana coin has dropped more than 70% from the ATH, which makes it one of the biggest losers in the industry.

Solana dropping 70% has been driven by a number of factors, with the bad market being one of them. The crypto market has been dropping from Q4 2021, where most of the coins have been affected. Although Solana has been plunging, the problem is widespread across the industry.

The FED has been putting measures in the money market that has hit the Solana price negative. The changes have been triggering massive withdrawals. Solana has been one of the affected coins, and that's why the Solana price has been dropping every time new FED measures are introduced.

However, Solana ecosystem growth has slowed and has been surpassed by other competing coins like Bitgert (BRISE). In fact, Bitgert is one of the projects that has also outperformed the Solana blockchain performance. Crypto experts say that a good number of Solana selling investors are joining Bitgert. Therefore, Solana's poor performance might have been driven by tough competitors and, more so, Bitgert.

The Bitgert team's fast accomplishment in building this project is what attracts Solana and many other investors. Crypto investors love projects that are growing fast, and that's what Bitgert is providing. The delivery of the Bitgert roadmap shows the speed at which this project is growing.

The Bitgert roadmap V1 was delivered within 200 days of the launch. The Bitgert roadmap delivered some incredible products, including the powerful Bitgert BRC20 blockchain. The Bitgert BRC20 blockchain is still the most adopted blockchain today due to its zero gas fee.

But the biggest developments are in the Bitgert roadmap V2. The new Bitgert roadmap is adding more DeFi, NFT, and Web3 products to the Bitgert ecosystem. Among the products in this roadmap are the Bitgert Paybrise, a powerful NFT marketplace, the Bitgert centralized exchange, and the Web3 Oracle.

In addition to that, 1000+ new projects will be added to the Bitgert ecosystem from the Startup Studio program. The Centcex partnership is also growing the number of products on the Bitgert ecosystem.

With all these developments coming up, the Bitgert ecosystem will remain one of the fastest-growing blockchain ecosystems, faster than Solana. More Solana investors will continue to join Bitgert.