Shiba Inu Transactions Dropped By 50% In The Past 60 Days Because of Its Competitor Coin (Bitgert)

Bitgert is a crypto project that is threatening a majority of the largest cryptocurrencies, not just Shiba Inu.

The Shiba Inu is one of the cryptocurrencies that are experiencing tough competition in the market. The has been one major observation about the Shiba Inu project. One of them is the dropping transaction, which has gone down by 50% in the past 60 days. The drop has been associated with fast-rising competing projects that are more attractive than Shiba. One of these competing coins is Bitgert. Here is more about Bitgert and Centcex, which are coins giving Shiba Inu a rough time:

Bitgert

Bitgert is a crypto project that is threatening a majority of the largest cryptocurrencies, not just Shiba Inu. The Bitgert project is just 7 months old, but the development team has been accomplished a lot during this time, making it one of the fastest-growing cryptocurrencies. The Bitgert team has developed multiple products so far, but the launch of the zero gas fee blockchain, which is also the fastest chain at 100k TPS, has been the biggest milestone for the project.

The Bitgert zero gas fee blockchain has addressed the growing problem of costly gas. The gas is only costing $0.0000000000001 to transact on the Bitgert chain. It is a feature that has increased the adoption rate of the Bitgert chain, and that’s why transactions have increased tremendously. With Bitgert Startup Studio gaining momentum fast, Shibu Inu is going to have a tough competition to beat.

Centcex

The Centcex is another crypto project that is threatening Shiba Inu. The Centcex team has been doing an impressive job in delivering this project, which is one of the reasons the crypto community is loving this project. However, the Centcex team’s dream, which is seen through the roadmap, is what’s attracting most crypto investors than Shiba Inu right now.

The Centcex team wants to provide a platform for the best cryptocurrency apps. They are building an unlimited number of products for the Centcex network. Investors are benefiting from the 100% APY staking revenue. This is a huge amount of passive revenue due to tens or hundreds of projects, and that’s why crypto investors are joining Centcex in large numbers. Shiba Inu will need to develop more products to beat Centcex’s competition in the future.

Shiba Inu

The Shiba Inu competition has been getting tougher in 2022. As more cryptocurrencies invest in building utility, they are becoming popular with investors. That’s why cryptocurrencies with slow products deliveries have been losing traction in the market. One of these cryptocurrencies is Shiba. Although the team is now developing more products for the network, including Shiberse, they have not been launched.

That’s why over the past 60 days, the Shiba Inu transactions have fallen by 50%. With the tough competition Shiba is getting from the likes of Bitgert, the team will need to do more. This includes building its own blockchain. The gas cost at Shiba Inu will need to be lowered below the Bitgert chain’s gas as well as increase the transaction speed above 100k TPS.

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