Key Insights:
The Fed is meeting in mid-July, and the crypto market is already responding to its hawkish minutes. Solana is among the top 10 cryptocurrencies posting the largest drop in the past few days. At the time of this writing, the Solana price had dropped below the $35 support level. Solana was trading at $34.87.
Solana is expected to keep dropping for as long as the bears are in control. This is looking at the previous bear condition and how Solana price responded. Crypto experts believe Solana might hit below $15 as selling pressure grows. Solana has a new class-action lawsuit challenging the Solana SOL token for being unregistered security.
The outcome of the Solana lawsuit might damage Solana's reputation if found culpable. Therefore, Solana has a lot of challenges coming its way, which might hamper Solana coin growth. But there are also many Solana developments, including the Solana web3 mobile phone, growing Solana hype.
On the other hand, Bitgert (BRISE) is posting a slight fall over the last 24 hours. However, Bitgert is still doing better than Solana, and the crypto community is bullish about Bitgert. In fact, Solana holders have been buying Bitgert over the last few months. Even now, Solana holders selling their coins are buying Bitgert.
Bitgert bullish coin is the reason why Solana investors are buying BRISE. Important to note is that Bitgert price performance in 2022 has been better than that of Solana and many other coins. When the market plummeted in the first half of 2022, Bitgert was posting a new ATH.
Bitgert price growth is being driven by the Bitgert BRC20 blockchain adoption and the fast-growing Bitgert ecosystem. Immediately after the Bitgert team released the Bitgert BRC20, the adoption of this Bitgert chain just skyrocketed, and the Bitgert coin reached the new ATH. But there is more that Bitgert is offering.
Bitgert is building its ecosystem faster by launching more products and projects on the Bitgert chain within a short time. The Bitgert roadmap V2 is currently being delivered, and more Bitgert startup studio projects are coming on the chain this year.
So Bitgert has everything to grow bullish, which is why even Solana holders are buying $BRISE during this bear market.
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