Bitgert, a blockchain network, and its native BRISE coin had a breakthrough year in 2022. As of August 23, 2022, the BRISE token has increased dramatically over the past 30 days, bringing its year-to-date gains to over 150%. The launch of the blockchain mainnet for the Bitgert network, which gave the protocol support for smart contracts and decentralized applications (dApps), signaled the network’s substantial recent advancements. Since then, there have been many dApp releases on Bitgert, from non-fungible token (NFT) marketplaces to decentralized finance (DeFi) protocols. The prospective listing of the BRISE token on prominent cryptocurrency exchanges Coinbase and Binance has helped the price of the token nearly quadruple over the past month. Bitgert registered for listings on Coinbase and Binance, according to the company’s official Twitter account. The relevant exchanges will assess the applications and have the option of accepting or rejecting the listing application. We examine Bitgert and its native token BRISE in this post. Continue reading for the most recent Bitgert price forecast for 2022 and beyond to aid your study.
What is Bitgert’s history?
The cryptocurrency network Bitgert bills itself as a blockchain with no gas fees. Among other things, the Bitgert ecosystem is home to the decentralized finance (DeFi) protocol Knit Finance, the non-fungible token (NFT) market Miidas NFT Marketplace, and the decentralized exchange (DEX) SPYNX Labs. Binance currency (BNB) was utilized by Bitgert’s original launch platform, the Binance Smart Chain (BSC), to distribute rewards. The project was originally introduced in July 2021 with the introduction of its website and the listing of its native BRISE token on Binance’s DEX, Pancake Swap, according to Bitgert’s roadmap. The project’s original name was “Bitrise,” but in December 2021, it changed to “Bitgert.” The biggest advancement in the blockchain project to yet came with the debut of Bitgert’s native BRISE Chain in February 2022, which was supported by the BRC20 smart contract. Developers can now create dApps on the Bitgert network thanks to the debut of its native blockchain network. According to Bitgert, the BRISE Chain uses a proof-of-authority (PoA) architecture to support quick block times and inexpensive transactions. The BRISE chain is compatible with the Ethereum Virtual Machine and supports smart contracts (EVM). On the BRISE chain, developers can create new tokens, run full nodes to get real-time updates on transactions, blocks, and consensus activities, and create wallets and other dApp-related tools.
The launch of Bitgert Startup Studio, the network’s incubation program, was a major factor in the proliferation of projects on the BRISE chain. Developers and business owners can issue cryptocurrencies for their projects with the aid of Bitgert Startup Studio, which enables them to raise money through either private or public token sales. The initiative additionally offers technical and marketing assistance for the start of projects on the BRISE chain.
Many of the projects that are hosted on the BRISE chain are still in their infancy. The third quarter of 2022 is when Waferrise, a platform for passive income DeFi, anticipates releasing its first product. An NFT staking platform called OpenVault is anticipated to debut later in the year. Decentralized exchange Sphynx Labs, NFT protocol Omniaverse, staking platform Eco Finance, metaverse 4D Twin Maps, and project development protocol Brisepad were listed by Bitgert as the top five projects on its network.
The BRISE coin: What is it?
The native token of the Bitgert network is called BRISE. It was initially released on the Binance network as a BEP-20 token. The coin was changed into the native BRISE chain token upon the BRISE Chain’s debut. According to Bitgert’s website, users who stake their BRISE will receive staking rewards in BUSD. In the BRISE dApp Wallet, which has no transaction fees, the BRISE coin is also used as a peer-to-peer payment method. It enables direct two-way exchange of cryptocurrency fees between the buyer and seller without the use of a middleman. The platform has also introduced the idea of cryptocurrency buybacks, making the BRISE coin a “token more attractive to hold.” The buyback policy increases investor confidence in buying and holding the coin, which subsequently aims to increase its demand and price. Buyback tax is collected on each transaction at a rate of 5% and is kept in the contract. If a sale happens, a portion of the money paid as repurchase tax is used to buy tokens from the liquidity pool, which are then destroyed right away after the buy. According to CoinMarketCap, the total supply of BRISE tokens is limited to one quadrillion. The number of BRISE tokens in circulation as of August 23, 2022, is over 427 trillion. Over 527.9 trillion BRISE tokens, or more than 57% of the total token supply, are currently stored in a “null address,” which is normally used by blockchain networks to hold “burnt” tokens, according to BNB chain-based analytics tool BscScan. Data also revealed that a smart contract controlled the second-highest concentration of BRISE coins, or around 8.2% of the entire supply. As of August 23, 2022, 2.2% of the total BRISE supply was held by the non-smart contract address with the highest concentration of BRISE tokens. The top 20 BRISE holders, according to CoinCarp, held around 88% of the token’s total supply, and as of August 23, 2022, there were 155,625 addresses that held BRISE, a tiny rise of about 1.7% from the previous month. According to data from CoinMarketCap as of August 23, 2022, BRISE had a market capitalization of over $335 million and was trading at approximately $0.000000780.
News: Bitgert developments
Bitgert debuted on Crypto.com on January 27, 2022. For network expansion, Bitgert raised $5 million on February 3, 2022. The Bitgert (BRISE) mainnet chain went live on February 15, 2022, bringing about the platform’s biggest update since its inception. The Bitgert Bridge went operational on March 17, 2022, allowing users to exchange BEP20 BRISE tokens hosted by Binance for the BRISE coin on the native Bitgert chain. The Bitgert network is now available on the BitForex platform, allowing traders can utilize it to deposit and withdraw BRC20 tokens, according to a statement made on April 14th, 2022. The BRISE Wallet joined the Bitgert network on April 15, 2022, allowing users to send, receive, buy, and sell BRC20 tokens. The native token of Bitgert, BRISE, was listed on the global cryptocurrency market KuCoin on April 28, 2022. Bitgert stated that the BRISE chain had been merged into cryptocurrency platform Gate.io on May 23, 2022. Bitgert added BRC-20-pegged USDT and USDC stablecoin to its blockchain on June 23, 2022. The creation of a cross-chain bridge to integrate ETH, SHIB, BNB, BUSD, and MATIC into Bitgert’s network was revealed on July 3, 2022. Bitgert tweeted on August 20, 2022, announcing its application to list BRISE on Binance. Bitgert tweeted on August 23, 2022, that it had submitted an application to list BRISE on Coinbase.
Price development for the BRISE token
According to CoinMarketCap, Bitgert’s native token BRISE had a market capitalization of roughly $335 million as of August 23, 2022, ranking it as the 2,770th largest cryptocurrency.
USD to Bitgert chart for 2021 to 2022
A historical price analysis of BRISE revealed that on August 23, 2022, the token’s price had risen from roughly $0.000000003564 in late July 2021 to about $0.000000780 today. However, BRISE has been on a decline since since reaching an all-time high of $0.00000404 on August 13, 2021. The token’s price has fallen by more than 80% from all-time highs. With prices increasing by around 120% in the previous 60 days, the BRISE token has recently experienced a strong surge, boosted by news of applications for listings on important cryptocurrency exchanges Coinbase and Binance as well as the impending completion of Ethereum’s shift to PoS.
Forecast: Bitgert’s road map
Early in April, Bitgert said the network would utilize Web3 oracles to instantly link off-chain data to blockchains and Web3 geodata maps to give dApps access to crowdsourced maps and decentralized location services. In order to accept payments in BRISE, Bitgert will also create decentralized marketplaces and a payment software called PayBrise. Bitgert will work on a decentralized virtual private network (VPN) between the second quarter of 2022 and the fourth quarter of 2024 to allow users to browse the internet completely anonymously and safely. A decentralized freelancer market for peer-to-peer service hiring with on-chain cryptocurrency payment mechanisms has also been announced as a project.
Price Prediction for Bitgert till 2022 and beyond
- According to CoinCodex’s short-term Bitgert coin price prediction, the token’s value could decrease by more than 9% to $ 0.000000718 by August 28, 2022.
- As of August 23, 2022, according to CoinCodex’s one-month BRISE price forecast, the token would have increased to $0.000001226.
- Longer term, the BRISE cryptocurrency price prediction made by algorithmic website WalletInvestor anticipated that the token would trade at an average price of $0.000000736 by the end of 2022.
- By the end of 2025, WalletInvestor predicted that the price of Bitgert would increase to an average of $0.000001089 per token.
- Regarding the long-term performance of BRISE’s price, DigitalCoinPrice was optimistic. In its Bitgert price forecast for 2030, DigitalCoinPrice assumed that the token would trade on average for $0.00000365 in that year.
- According to PricePrediction’s forecast for the price of Bitgert as of 23 August 2022, the token would trade for an average of $0.00000944 in 2030.
Be aware that projections of the price of Bitgert’s cryptocurrency made by analysts and algorithms can be off. Forecasts shouldn’t be used as a replacement for independent research; always do your own homework and keep in mind that your choice to trade or invest should be based on your risk tolerance, market knowledge, portfolio size, and investment objectives.
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Author: Francesco La Rocca
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