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- Insights
- Cryptocurrencies
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- White Papers
- Industry
- Geography
Safemoon is currently struggling with a massive plunge after the coin dropped 13%. This is at a time when one of its tough competitors, Bitgert, was booming and posting an impressive price increase. In fact, Bitgert price has been skyrocketing non-stop for more than a week now, after launching its own BRC20 blockchain, which has thrown the entire crypto industry into a spin. Here is more about these crypto projects' performance.
The Bitgert has been posting impressive performance since the coin launched 7 months ago, as of this writing. But it is the launch of the Bitgert BRC20 blockchain, which is a zero-fee gas chain, that has excited the crypto community. The issue of the expensive gas fee has been a growing concern, but the Bitgert BRC20 blockchain has solved it by providing developers chain that charges $0.0000000000001 only, which is a near-zero figure.
In addition to that, the Bitgert BRC20 blockchain is now the fastest blockchain, at the time of this writing, with an impressive 100k TPS. This is faster than Solana. These are two major reasons why the Bitgert BRC20 blockchain has grown very popular and why the Bitgert price is booming when Safemoon is plunging. The Bitgert team is also bringing more products on the Brise chain, like the Startup Studio program, which makes this chain popular with the crypto community.
The Centcex project has been doing superbly well for a three months project. The fast-growing Centcex price and the marketcap are signs that the crypto community is loving this project. This is despite the Centcex project being only three months old and developing the first product, which is yet to be launched. The most exciting feature about the Centcex project is the huge number of products the team is building.
The team is working on building an unlimited number of products that will be running on the network. The Centcex token investors will be sharing the revenue developed by these products. The Centcex project has put the staking reward at 100% APY, which is an attractive reward considering the huge number of products. That is why Centcex is increasingly growing popular with the crypto community.
The dropping of the Safemoon price could have been driven by the crashing market, but there are also many other factors. The delivery of the project's roadmap has been a big issue, and this can be seen from the few products the Safemoon team has launched compared to younger projects like Bitgert. This is why the number of investors joining SFM is dropping when Bitgert is increasing.
Apart from the plunging crypto market, the Safemoon project is facing a class-action lawsuit by investors. The Safemoon team plus a number of celebrities are being sued for misleading promotions that led Safemoon investors into losing money. The lawsuit has negatively affected the Safemoon price, hence the drop being experienced.
