Cardano has not made a significant move over the past few weeks. What could be causing this stagnation has been the biggest discussion amongst the crypto community members. But something that is coming up is that new and highly performing crypto projects might be the reason Cardano performance has been stagnating. Bitgert (BRISE) is one of the new cryptocurrencies outperforming Cardano today.
The Bitgert project has been making moves that are attracting the attention of blockchain users and developers. For the Bitgert project, adoption has been skyrocketing while the likes of Cardano have been stagnating. Here is more about these projects.
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Bitgert
The Bitgert (BRISE) performance might be the reason Cardano has not been moving over the past few weeks. The Bitgert team has built one of the most disruptive crypto projects that are attracting the attention of the entire crypto industry. The launch of the BRC20 blockchain was one of the biggest reasons why Bitgert might be slowing Cardano performance.
The Bitgert blockchain is the fastest blockchain and has the lowest gas fee right now. This makes it a better blockchain than the Cardano chain. This means more developers are now choosing Bitgert over Cardano for developing their products. That’s one of the reasons why the Cardano adoption rate has slowed significantly over the past few days.
The fast-growing Bitgert ecosystem is another reason why Bitgert is attracting a lot of investors. The Bitgert team just updated roadmap V2, which now carries crypto products that will be the most disruptive in the crypto industry. They include NFTs, DeFi, and Web3 products.
There are also hundreds of Bitgert backed projects that the Bitgert startup studio is adding to this ecosystem. According to the Bitgert team, there will be 1000+ projects launched this year, with 100+ Bitgert backed projects launched every month. Such a fast-growing Bitgert ecosystem is attracting many crypto investors than Cardano.
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Cardano
Will Cardano beat the tough competition that Bitgert is offering? Well, the issue of the slow speed on the Cardano chain and the high gas fee compared to Bitgert needs to be addressed first. But the Cardano team is also doing a lot of developments to beat this competition.
But there are two major Cardano developments that are going to make this coin more aggressive. First is the hydra scaling protocol upgrade that will make Cardano chain faster. The Vasil hard fork is another development that will make Cardano mainnet better. Therefore, Cardano might soon be able to deliver a better speed than the Bitgert chain.
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Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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