Will Solana Labs Lawsuit Trigger A Sell-off? Read Why Bitgert Could Be The Next Best Option

Key Insight:

• Solana Labs is being sued for operating SOL tokens as 'unregistered securities'
• The legal action, filed in California, might trigger a Solana sell-off
• Bitgert may be the next best option in case of a Solana sell-off

Solana Labs is being sued for running SOL, unregistered security, which has caused the investors massive losses. The class-action lawsuit has been filed by Mark Young, a California resident. Young says the Solana project is security since it satisfies the US Howey Test.

He says that Solana has been operating as an unregistered security, hence exposing retail investors to massive losses. The Solana Labs have also made huge profits from this project. If the case is found to have merit, then Solana is likely to trigger a massive sell-off.

This is because most Solana investors will lose confidence in the Solana investors. The Solana selling pressure might create a cascading effect that might cause a massive fall in the $SOL price. But a declining Solana will push holders into buying other high-potential crypto coins.

Bitgert (BRISE) is among the cryptocurrencies that Solana holders might put their money in. Bitgert was attracting a lot of Solana investors in 2021, especially after Bitgert got labeled as the Solana killer. However, the Solana community's affection towards Bitgert increased after the Bitgert team released the BRC20 blockchain.

The Bitgert BRC20 blockchain launched as the fastest blockchain in the industry, surpassing Solana 65k TPS. With 100k TPS throughput, Bitgert instantly became more scalable than Solana. However, it is the zero gas fee that makes Bitgert very attractive to Solana holders.

The fast delivery of the Bitgert roadmaps is another reason Solana has been attracted to the Bitgert project. Although Bitgert just celebrated its first birthday this July, it has delivered so much for a one-year project. With the roadmap V1 already delivered in the first 6 months, the Bitgert team proved they mean business.

Bitgert roadmap V2 might be the reason more Solana holders will opt to buy Bitgert. The huge number of disruptive blockchain products that Bitgert is delivering is what makes attracts a lot of crypto enthusiasts.

Bitgert CEX, Bitgert NFT marketplace, Bitgert Paybrise, and the Bitgert Web3 Oracle are among the disruptive products in the Bitgert roadmap V2. Solana investors also love Bitgert Startup Studio projects. These are reasons why Bitgert might be the best option for selling Solana holders.