Key Highlights:
Solana has been having issues with lawsuits, and just recently, another class lawsuit just came up. The new lawsuit says that Solana SOL is unregistered centralized security. Filed in the Northern District of California, the lawsuit might tumble the Solana price.
The impact of this Solana lawsuit will be huge. In fact, it will be one of the cases that might discourage investors from buying Solana. It might also push Solana into a massive sell-off.
The lawsuit might push more Solana investors to its biggest rivals, including Bitgert (BRISE). Bitgert is one of the crypto coins that have attracted a lot of Solana investors. Many Solana holders have holdings in the Bitgert project.
The affection that the Solana team has for the Bitgert project is due to the powerful project the Bitgert team is building. The Bitgert BRC20 blockchain has been the biggest attraction. This is the only blockchain that has outperformed the Solana speed and transaction cost.
Bitgert blockchain has a 100k TPS, and the gas fee is $0.00000001, which is a zero fee. The Bitgert project is also popular with Solana holders due to its massive developments. The Bitgert project has many products and projects already launched, and many more are coming up.
So Bitgert has massive potential to explode in 2022. Among the major Bitgert developments coming up is the Bitgert roadmap V2 products that include Bitgert NFT marketplace, Bitgert Paybrise, and Bitgert CEX. Many Bitgert Startup Studio projects are also coming on the Bitgert chain. These are Bitgert developments that will make Bitgert price skyrocket.
Therefore, Solana holders will be selling to buy Bitgert if the lawsuit finds Solana culpable. The Solana selling pressure will have a significant effect on the Solana coin. The cascading effect will benefit Bitgert immensely, which will be growing in terms of community and price.
Solana lawsuit comes when the Solana team is about to actualize one of the biggest products, the Solana web3 Mobile Phone. Solana has a lot to lose if the lawsuit is merited. For the Bitgert project, it will be one of the biggest gainers.
So Bitgert's price and marketcap might rise as Solana holders accumulate Bitgert coins in the next few weeks.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
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.