Solana and Cardano Prices Retreat, Bitgert Coin’s Price Outlook Turns Bullish

From price actions, new introductions, success stories and otherwise, to rocketing cryptos, the crypto space has been buzzing with activities in recent weeks. For top cryptos like Solana and Cardano, it's been a battle of price declines. Meanwhile, the fast-rising investors' favorite, Bitgert Coin, looks good to deliver all the goodies for a crypto summer. Here's why!

Bitgert

Solana and Cardano are popular projects with impressive price histories. Yet, without the extensive price history, Bitgert has positioned itself to displace Cardano, Solana, and other top coins. 

Cardano and Solana might have a reputation for scalability and smart contracts. Still, bottlenecks like network congestion and exorbitant gas fees were challenges for Cardano and Solana. Such bottlenecks hinder the growth of mainstream adoption for the cryptos industry. Hence, the search for fast, efficient and affordable solutions.

Thankfully, Bitgert introduced its BRC20 blockchain, built on the Binance Smart Chain. Leveraging the Proof-of-Authority consensus mechanism, Bitgert delivers the fastest transaction processing time of about 100k TPS, toppling Solana, Cardano, and Ethereum. In addition, Bitgert users also enjoy near-to-zero transaction costs.

Unlike Solana and Cardano, with high transaction fees, congestion and lost transaction processing time, this new cryptos delivers scalability at almost zero cost. Hence, its fast rise, widespread adoption and incredible price-performance potential.

Solana

From being the first-choice blockchain for meme coin speculation, Solana recorded 70% failed transactions in March 2024 alone. According to reports from the Dune dashboard, since February 22, 2024, the majority of non-voting Solana transactions failed. These are transactions involving Solana tokens transferred across smart contracts or accounts. 

This inefficiency, coupled with the latest price decline, has forced Solana (SOL) whale investors to consider other options like Bitgert. Solana whale investors are renowned for having significant holdings and wielding massive influence on the cryptocurrency market and the price performance of cryptos. Considering their strategic investment decisions, these Solana investors' switching attention to Bitgert coin points to its high-growth prospect and potential to disrupt the crypto market.

Cardano

Wednesday saw Cardano's price decline to $0.56, marking its lowest price since mid-February. Due to this fall, several Cardana traders had to shed their Cardano (ADA) holdings, and several others had to switch to alternative high-flyers like Bitget for fear of a steeper retreat. 

According to Santiment, Cardano traders recorded $20.09 million in losses on Tuesday. 24 hours later, Cardano holders recorded a further decline of approximately $785,000. Overall, Cardano's Network Realized Profit/ Loss metric displays evident drops. Cardano investors believe this is a sign that, alongside the recent Cardano price retreat, there might be more ahead. There's no better time for Cardano holders to buy the bullish Bitgert than now.