Ethereum might never reach the $1,500 as soon as expected if bears control the crypto market. Ethereum price is responding to the Fed's hawkish minutes, which means the interest rates might be adjusted upward. Therefore, Ethereum holders have started selling to avoid the upcoming crash.
Ethereum was trading at $1,150.21 after dropping 3.5% in the past 24 hours of this writing. With the bear taking control today, Ethereum might drop even further today. However, if the bull takes over, then the Ethereum price might recover from the decline. We might see Ethereum close the day above $1,200.
Bitgert (BRISE) is also affected by today's bearish market. The Bitgert coin has slumped but still doing better than Ethereum. In fact, the Bitgert outlook is still bullish despite the bearish condition. However, several factors might make Bitgert do better than even Ethereum during this bear market. They include:
The Bitgert coin will do well than Ethereum because of the mass adoption the Bitgert BRC20 blockchain is experiencing. The zero gas fee ($0.00000001 per transaction) and the 100k TPS of the Bitgert blockchain are attracting more users than even Ethereum. The fast-growing Bitgert chain adoption is expected to keep the Bitgert price growing better than Ethereum during this bear market.
The Bitgert team's delivery of new products and projects might be faster than even Ethereum. This is looking at the Ethereum team delivery. Though Bitgert has just celebrated its first year of existence this month, it has delivered so much more than Ethereum's first year. This is growing Bitgert adoption faster than Ethereum. In fact, Ethereum has no game-changing products coming up in the next few months like Bitgert roadmap V2. The Bitgert fast-growing ecosystem will make Bitgert do better than even Ethereum in this bear market.
The 1000+ projects coming on the Bitgert chain will make many crypto investors join Bitgert this month. This will keep the Bitgert coin doing much better than Ethereum due to the mass Bitgert coin adoption.