The crypto market made some recovery on Sunday, where most of the coins remained in the green by the end of the weekend. However, it looks like the bears are growing stronger, and today, the market was dumping again. Ethereum (ETH) and Polygon (MATIC) have wiped out most of the gains made this weekend.
However, some of the coins performed well this weekend. Even as Ethereum (ETH) and Polygon (MATIC) dumps today, they have been doing quite well. Bitgert (BRISE) is one of the coins that have done pretty well in the market. In fact, Bitgert demand has been spiking this morning.
Why ETH and MATIC Are Dumping
These coins’ dumping is majorly triggered by the recent Fed rates hike, which has crashed the whole market in the past few days. The growing withdrawals have caused a cascading effect, which has increased the selling pressure as more investors sell to avoid losses.
Therefore, $ETH and $MATIC dumping is a market problem that might continue if inflation remains stubborn. Crypto analysts have also cited the lack of major developments on the Ethereum (ETH) and Polygon (MATIC) as another factor discouraging investors from holding.
Therefore, we might see $ETH and $MATIC decline further this week and before the end of this month.
Why Bitgert Demand Is Spiking
The Bitgert (BRISE) has had an impeccable performance this weekend, and even today, the coin is doing well as big players plummet. Bitgert (BRISE) demand is doing better than Ethereum and Polygon today due to the recently delivered disruptive developments.
Bitgert has managed to beat the current bear run due to the impact that the exchange and Paybrise have had. These are recently launched products, and their mass adoption is the reason Bitgert (BRISE) has done better than $ETH and $MATIC.
With more products and strategic partnerships coming up, then we can expect Bitgert (BRISE) to remain more attractive than Ethereum and Polygon in the next few weeks. Therefore, Bitgert is a good buy today.
Centcex (CENX) Is Also Doing Well
Another cryptocurrency that is doing better than most big players is Centcex (CENX). Centcex has not only withstood the bear runs but has also rewarded its investors bigger than most $ETH and $MATIC this year.
Centcex (CENX) is definitely a coin that will give big players tough competition in the next few months. So, Centcex is a Coin worth watching and buying today.
Read More: news.google.com