Key Points:

• Safemoon (SFM) is down by double digits in 24 hours
• Safemoon might be headed for a 4^th zero
• Bitgert remains stable with a bullish outlook

Today looks like it's gonna be a bad day for the crypto community. The crypto market is crashing hard, with most cryptocurrencies posting massive declines. The global marketcap has already declined 8.53% in the past 24 hours, and it appears bears have gotten a tight drip on the market.

Safemoon SFM is among the crypto coins feeling the heat today. In fact, Safemoon is one of the coins that have dropped by double digits. Safemoon had fallen by 12% at the time of this writing to trade at $0.0005353. This makes Safemoon one of the coins that posted one of the largest drops today. If the market remains bearish, Safemoon might drop to 4^th zero.

The current Safemoon SFM decline may have been driven by the speculation of the hiking rates during the Fed's June meeting. The soaring inflation might see the Fed hike the rates, which is why Safemoon is experiencing massive sell-offs. However, there could be more that is driving a bearish Safemoon.

There is a lot of Safemoon competition building up, which is accelerating Safemoon's selling pressure. Among the coins giving Safemoon tough competition is the Bitgert (BRISE). Bitgert is putting a tough resistance to the bear market today to maintain a stable price. Here is more about Bitgert:

Bitgert

Bitgert may not be bullish in the current bear market, but its stable price indicates that Bitgert coin might be preparing for a bull run. With the market crashing, the next thing is a bull run, and that's when Bitgert will explode. This is because, apart from the bull run, the massive Bitgert developments happening right now are expected to explode the Bitgert coin.

Note that Bitgert BRC20 is still the most adopted blockchain today due to its 100k TPS and the zero gas fee. The Bitgert team has so many developments coming up. The Bitgert roadmap V2 is still a big deal due to the disruptive Bitgert products it brings.

The Bitgert ecosystem is also growing fast, with many Bitgert backed projects coming up. Therefore, Bitgert has everything to grow bullish in the next few days.

Conclusion

Bears have taken hold of the market, and it looks like it might bleed the whole day. The FED regulations are the reason Safemoon and Bitgert are feeling the pressure. However, the Bitgert coin has everything to push back.