One of the biggest news in the market this week has been the hacking of the Solana-based DeFi trading. Mango Markets lost about $117m in a hack on Tuesdays, which triggered selling pressure in the Solana coin and also many other coins in the market.
It was one of the reasons why Solana has been one of the biggest losers in the top 10 coins. Cardano (ADA), Bitgert (BRISE), and Centcex (CENX) are also some of the coins that got affected by this hack
The news about Solana hacking triggered a sell-off in all the top coins, and with the FED minutes already out, these two factors led to most of the top coins posting a decline. As of writing, the crypto market was still bearish, with Cardano (ADA), Bitgert (BRISE), and Centcex (CENX) still in the red for the past 24 hours.
It is important to note that Bitgert (BRISE) also experienced a hacking attempt on the 12th of this month, a day after the Solana hack. According to the Brise team, the hackers tried to exploit a vulnerability in the backend of the Brise bridge, but the team managed to thwart it and secure the chain.
Therefore, the market has been experiencing hacking attempts in the market over the last few days, and this, plus the hawkish FED, caused most of the crypto markets were bound to crash.
Though the markets have been bearish, there is a lot of optimism, especially around the Bitgert and Centcex coins. These are two coins that are expected to do very well in the market, according to crypto experts.
The price predictions for these two coins are that they might do very well, especially for the next few days. The prediction is that we might see the coins increase by over 50% in the next few days.
This explains why Bitgert and Centcex have been performing so well on Google search trends compared to Solana and Cardano. The number of investors and Bitgert wallet downloads has also been increasing rapidly over the last few weeks.
Therefore, even with the Solana hack triggering selling pressure on the Cardano (ADA), Bitgert (BRISE), Centcex (CENX), and other coins, there is a lot of potential for that these coins will do very well in the market in the next few days.
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