The crypto market recovered somewhat on Sunday, with most coins remaining green by the end of the weekend. However, the bears appeared to be gaining strength and today the market fell again. Ethereum (ETH) and Polygon (MATIC) have wiped out most of this weekend’s gains.
However, some coins did well this weekend. Ethereum (ETH) and Polygon (MATIC) are still down today, but doing very well. Bitgert (BRISE) is one of the coins that are doing pretty well on the market. In fact, the demand for Bitgert has surged this morning.
Why ETH and MATIC are Dumping
The dumping of these coins was largely caused by the recent Fed rate hike, which has caused the entire market to crash in the past few days. The increase in withdrawals caused a cascading effect, increasing selling pressure as more investors sold to avoid losses.
Dumping of $ETH and $MATIC is therefore a market problem that may continue if inflation remains stubborn. Crypto analysts also cite the lack of major development in Ethereum (ETH) and Polygon (MATIC) as another factor discouraging investors from holding.
Therefore, $ETH and $MATIC are likely to fall further this week and by the end of the month.
Why Bitgert Demand Is Soaring
Bitgert (BRISE) has had an impeccable performance this weekend and the coin is still doing well today as big players plummet. Demand for Bitgert (BRISE) outstrips his Ethereum and Polygon today due to the disruptive developments it recently offered.
Bitgert was able to beat the current bear market due to the influence of the exchange and Paybrise. These are recent product launches and their mass adoption is what makes Bitgert (BRISE) better than $ETH and $MATIC.
With more products and strategic partnerships coming out, we can expect Bitgert (BRISE) to remain more attractive than Ethereum and Polygon in the coming weeks. So Bitgert today is a bargain.
Centcex (CENX) also doing well
Another cryptocurrency that outperforms most of the big players is Centcex (CENX). Centcex has not only endured the bear market, but it has also delivered greater rewards to investors than most $ETH and $MATIC this year.
Centcex (CENX) is undoubtedly the coin that will give the big players tough competition in the coming months. Centcex is therefore a coin worth looking at and buying today.