29 February,2024 08:17 PM IST | MUMBAI | BrandMedia
Bitcoin saw the biggest pump on February 29. The altcoins look ready to follow suit. The bull market has officially arrived. And the total crypto market cap has crossed the $2 trillion mark. Investor sentiment is extremely greedy, there's liquidity flowing, and numbers tell retailers are yet to arrive on the scene.
There's no better time to be early than now and look for investment opportunities that reward well. The next coin to soar was Solana besides Bitcoin and Ethereum. Solana's native token (SOL) saw a huge jump in 2023 after the FTX scandal. But outages and centralization woes continue to threaten the ecosystem.
In this article, we discuss whether Solana is a good investment. And a better alternative, given that Solana coin looks already priced in.
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Solana's Price Analysis
Solana's price moved in a tight bound price range between $106-$110 for the entire week. Its price jumped by 16% led by the market enthusiasm for Bitcoin on February 29. Solana's price rose by 22% in the last 7 days.
However, the monthly technical analysis figures paint a very different picture of Solana's price rise. Its Relative Strength Index (RSI) is neutral, indicating lacklustre momentum, and moving average convergence divergence (MACD) levels are at -4.11.
The weekly price increase for Solana is more of a price pump than a sustained increase, given Solana's notorious trysts with outages. Solana is a fast blockchain with affordable fees and has 400 active projects. Solana is also coming up with a few major developments.
But those developments do not confirm another price rally for Solana, given that there are faster blockchains like Bitgert processing transactions at the speed of 100K TPS and presenting a much better alternative to investors seeking to maximizing their returns.
Bitgert: A Better Alternative over Solana?
Bitgert is a BRC20 blockchain and remains undisputed as the fastest blockchain with zero gas fees unlike Solana. It boasts its own CEX and several other projects gaining traction among the masses. It hosts platforms such as Unity Ventures, equipped with cross-chain bridge-to-bridge compatibility on 30+ blockchains and an in-built wallet manager. It has several other projects across DeFi, NFTs, and the metaverse.
Bitgert's native coin, BRISE price, rose by 16% in the last 24 hours and saw 22% price increase in the last 7 days. Its moving averages show a strong buy signal. An RSI of 72 indicates rising price momentum and a positive investor outlook.
Conclusion
Bitgert's BRISE is a mid-cap coin with huge potential for price gain. Its ecosystem is gathering speed, and investors can gain maximum returns and value on their investments. Solana is doing great, but if we measure the investment potential in terms of the scope for growth and price increase - Bitgert is an undisputed winner. https://bitgert.com
"Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions."
