Cryptocurrency

Investors Eye Bitgert Coin’s Rally as Solana and Cardano Prices Take a Hit

Written By : IndustryTrends

The crypto market has gone agog with varying market activities. You have, on one side, cryptos like Solana and Cardano taking a hit and, on the flip side, rampaging cryptocurrencies like Bitgert Coin gearing up for an explosive price rally. 

Which of these cryptos promises better profit prospects? Find out all market analysts have found from this frenzy and tips on maximising the opportunity it presents.

Bitgert Coin

Bitgert coin's (BRISE) incredible price run hasn't gone unnoticed. These impressive performances have increased the explosive profit prospect it has. Expert investors acknowledge the coin's prospects, rating it above crypto giants like Solana (SOL) and Cardano (ADA). 

Comparing Bitgert's bullish run with Solana and Cardano's price decline, experts believe Bitgert looks on track to relieve the early days of Cardano and Solana. While Bitgert Coin is not one of the bigwigs in the cryoto market yet like Cardano and Solana, exciting features like its scalability, smart contract efficiency, and thriving developer community can be likened to the glory days of Solana and Cardano. Even Solana and Cardano investors are bulkish about Bitgert Coin.

Cardano

Analyzing the numerous market performance signals available, Cardano market analysts have raised concerns about Cardano's open interest in the derivatives market's steep decline. In this regard, Cardano has dropped by over $500 million over one month. That setback drove Cardano's open interests down from $1.5 billion on Feb 19 to $1.1 billion on March 22, according to the last analysis.

Like several other bearish signals around Cardano, analysts have deemed this $500 million reduction in Cardano open interest another pointer to the bearish sentiment pervading the Cardano ecosystem. It is a sign that Cardano traders are getting ready for more downturns.

Finally, with Cardano's recent flat price movement, traders are restricted in their opportunities to benefit from these huge market instabilities. Therefore, speculative Cardano traders may liquidate more positions in the coming days.

Solana

Right after Solana recorded a week-long bullish momentum, the cryptocurrency got hit with a 15.9% fall on March 19. That fall sent Solana's price down to a five-day low of $166. The bullish momentum took Solana's price briefly to nearly $210 and an all-time-high market cap of roughly $92 billion. But the latest hit has changed the feeling in the Solana ecosystem, with Solana investors recording losses. 

However, Solana regained traction slightly as the market trend turned bullish briefly. Regardless, Solana's price of around $174 as of press time, with a market cap of roughly $77 billion, according to CryptoSlate, remains far from expectations.

Solana hasn't had such a heavy price hit since March 14. Then, Solana's price sat at $162, with a market cap of $71.9 billion. This bearish trend has been an overall one since March 16, considering how Bitcoin and altcoins like Cardano lost sizable gains, too. Notably, Bitgert coin price performance remains positive, and experts believe there's more ahead.

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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.

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