Key Points:
The crypto markets are crashing again this morning, with the global market cap already down by 5%. All the top 20 coins are plummeting, including Cardano, having lost the gains made in the past few days. Cardano was 5% down for the past 24 hours, and if the bearish market does not stop, we might see Cardano drop further before the end of the day.
The crypto market has been wobbling this week after the news of the FED's O.5% inflation for June adjust getting a lot of backing. This means the stock and crypto markets might crash again due to a spike in selling pressure. Cardano is already feeling the selling pressure, and that's why the price has dropped this morning.
The hawkish FED's effects might plunge the Cardano price like it did last month when the Cardano value dropped +50% in just 7 days. With the price expected to keep crashing as bears run the markets, Cardano might trade below $0.4 in the next few days.
Unlike Cardano, Bitgert (BRISE) has proven with the past bear markets that it can withstand a crashing market. Bitgert has been doing well, and despite the slight plunge experienced today, Brise is expected to keep a solid, stable price. Unlike Cardano, Bitgert has so much to keep the selling pressure down.
The powerful Bitgert BRC20 blockchain mass adoption is one of the reasons why Bitgert is doing well in the market. The growing mass adoption of the Bitgert chain is expected to keep Bitgert bullish when Cardano plummets.
The Bitgert team has so much coming up, including the delivery of products on the Bitgert roadmap V2. Bitgert CEX, Paybrise, and Bitgert NFT marketplace are major products coming up. The Bitgert Startup Studio projects, which are 1000+, are also going to increase Bitgert project adoption. Therefore, Bitgert developments are some of the key factors that will help keep Bitgert price stable in this market.
The crypto market is headed for another harsh downturn as the hawkish FED adjusts inflation rates this month. Cardano will definitely be among the most affected by the massive selloff, but Bitgert price is expected to remain stable.
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