There are a number of factors that are accelerating the Solana price drop

Key Points:

• Solana has plunged non-stop for almost 6 months
• The bearish market continues to grow Solana withdrawals
• Bitgert growth is also a big threat to Solana

The Solana coin's performance in the past 6 months has been dismal. In fact, the coin has been crashing and has lost so much value in the past six months. The data provided by Coinmarketcap shows that Solana has lost 73% of its value over the past 6 months at the time of this writing.

The Solana is currently trading at $70 after dropping 37% in the past 30 days. The crypto experts say that Solana might drop to $30 if the bearish market persists for another 30 days. This is based on the statistic from the past 30 days plunge.

There are a number of factors that are accelerating the Solana price drop. The bad market, which has been influenced by the FED regulations, is one of the major factors. It has been one of the biggest causes of the current crypto crash, which has dropped the Solana price by a massive percentage.

But the issue of Solana saturation has been coming up lately. In fact, it has been noted as one of the reasons why Solana whales and other investors have been leaving. The expected price growth of the Solana coin might not compare to other crypto projects like Bitgert (BRISE). That's why some of the Solana whales and investors are joining Bitgert.

The Bitgert project is a crypto project that is just 9 months old and posting impressive growth. In the past 9 months, the Bitgert coin has increased many folds and has made many investors rich. What's interesting about Bitgert is it is a real utility project building a powerful blockchain ecosystem. That's why it has been identified as one of the biggest Solana threats. Read more about Bitgert below:

Bitgert

Bitgert is building a revolutionary blockchain ecosystem by developing some of the most disruptive products. The Bitgert BRC20 blockchain is the first chain to surpass Solana chain speed to reach 100k TPS. Bitgert is also offering the lowest gas fee at $0.0000000000001. That's how powerful and disruptive the Bitgert blockchain is.

The Bitgert ecosystem has been ranked as the fastest-growing blockchain ecosystem in 2022 because of the huge number of products and projects added to the chain. The Bitgert roadmap V2, Startup Studio projects and the recent Centcex development partnership are making Bitgert the fastest-growing ecosystem today.

The bottom line is that Solana might plunge further, and Bitgert might be one of the causes. With a faster and cheaper blockchain than Solana, Bitgert is making Solana less attractive. Therefore, Bitgert might be one of the factors that might push the Solana price down to $30 in the next 30 days.