Cardano's slow price growth is evident from the charts, where the cryptocurrency has been plummeting for the whole of Q1 2022. The Cardano token is yet to recover the previous dips, even with the past bullish market conditions. Therefore, $ADA is still in the red for the growth posted in 2022.
However, the poor Cardano performance has benefited most of the best performing cryptocurrencies like Bitgert (BRISE). In fact, crypto experts say that Bitgert has been one of the cryptocurrencies that benefited from the crashing crypto markets.
Bitgert has been one of the cryptocurrencies that grew exponentially in Q1 2022, while the likes of Cardano were plummeting. But how has Bitgert (BRISE) benefited from the Cardano plunging price? Well, here are some exciting facts you need to know about these cryptocurrencies:
The biggest way that Bitgert (BRISE) has benefited from Cardano's slow growth is the huge number of Cardano investors that have been joining the coin. Bitgert is one of the cryptocurrencies that have its token holders increase by +500% in Q1 when most of the cryptocurrencies were losing holders.
Due to the powerful BRC20 blockchain, which is the fastest chain and has the lowest gas fee, many crypto users and developers have joined the Bitgert chain. Investors have also been buying Bitgert in anticipation of the massive chain adoption. These are two major factors that have made Bitgert one of the best performing coins of 2022.
The Bitgert blockchain is also better than Cardano in terms of speed and gas fee. In addition to that, $ADA price was plunging when BRISE was surging. These factors have led to thousands of Cardano investors joining Bitgert, which is guaranteeing profits. That's how Bitgert has been benefiting from the crashing Cardano price.
There are a number of factors that are contributing to Cardano's slow price growth. One of them is the crashing crypto markets. The other fact is the project performance. Cardano is among the crypto projects that are struggling with poor chain performance. The Cardano coin has not been growing rapidly like the Bitgert and others, mainly because the demand for its chain has been very low.
Though Cardano has been one of the blockchains to implement the PoS protocol, it has been struggling with a slow chain and the expensive gas fee. The Cardano team recently announced the June launch of its widely anticipated Vasil hardfork, which is expected to address most of the limitations Cardano is facing.
The hardfork is expected to increase the Cardano chain TPS and, at the same time, increase volume and liquidity. However, the Vasil hardfork might not reach the Bitgert zero gas fee. That's the only time that Cardano adoption will become competitive, and the ADA price will start growing rapidly.
Disclaimer: The information posted in the article is for educational purposes only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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