Bitgert price remained under pressure on Wednesday morning as focus shifted to the upcoming Fed decision. It dropped to a low of $0.00000050, which was about 36% below the highest level in October. This price is about 10% above the highest point in October, giving it a market cap of over $193 million.
Bitgert price declined sharply after Google removed its app on its app store, citing its policies. According to its developers, they have reapplied for listing and expect that the app will be live again soon. It is still unclear why the app was removed and whether it will returned to the app store. On social media, users were complaining that they had lost funds due to the delisting. The app was still not on the PlayStore at the time of writing.
Meanwhile, Bitgert’s total value locked (TVL) in DeFi has dropped from more than $10 million in September to about $5.6 billion today. This decline is a sign that the transactions in the network are dropping. Sphynx is still the biggest DeFi protocol in Bitgert.
BRISE price has come under pressure even after it was listed in Huobi, one of the biggest exchanges in the world. Other key developments in its ecosystem are its partnership with Arctic Wallet and the upcoming launch of the Bridge-2-Bitgert strategy. The strategy will see the developers bridge all good projects listed on CoinMarketCap free of cost. Meanwhile, the developer launched the BETA version of BRISE payment gateway.
The hourly chart shows that the BRISE price rose to a high of $0.00000080 last week as the crypto momentum continued. Since then, the coin has lost momentum and is sharply below its highest point last week. It has moved slightly below the 25-day moving average while the Relative Strength Index (RSI) has moved below the neutral level.
Therefore, the Bitgert price will likely continue falling as sellers target the key support level at $0.0000045. A move above the resistance at $0.00000055 will invalidate the bearish view.
This post was last modified on Nov 02, 2022, 02:38 GMT 02:38