The Bitgert (BRISE) is doing very well in the crypto industry. The price has been bullish for the most part of 2022, where the Bitgert coin has even posted a new ATH. What Bitgert has done in the past few months is grow the competition in the market. In fact, Bitgert (BRISE) has surpassed so many blockchain products in the market.
Shiba Inu is among the many coins that have been left behind by the Bitgert project. This is looking at the developments that the Bitgert team delivered and what Shiba Inu has done. Bitgert has achieved so much that it is far ahead of many crypto projects.
To compete with Bitgert, Shiba Inu has to do a few things. Most important is outperforming Bitgert in what it has already delivered. If Shiba Inu can do the following, then it might stand a chance to beat Bitgert:
The closest that Shiba Inu has come to building a blockchain is building a scaling protocol. Shibarium is the scaling protocol that will make Shiba Inu faster, but it is yet to launch. But the team will need to build a complete blockchain to compete with the Bitgert BRC20 blockchain. It should be a blockchain that will offer a gas fee below $0.00000001 and over 100k TPS. Such a blockchain will be able to compete with the Bitgert chain.
One of the biggest challenges of the Shiba Inu crypto project is the lack of utility. Unlike Bitgert, Shiba Inu is a meme coin. The lack of utility has made the SHIB coin lack traction in the market, and that's why the price performance has been very low. The Shiba team must create utility for the SHIB coin to compete with Bitgert. Bitgert is one of the high utility projects in the market.
Shiba Inu will also need to build a bigger ecosystem than Bitgert. Bitgert has delivered a lot of products and projects to its ecosystem. In fact, Bitgert has been ranked among the fastest-growing ecosystems in the industry. This is one of the reasons Bitgert is doing well today.
For Shiba Inu to come close to Bitgert, it must do these three things.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. 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. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.