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Solana and Cardano have been showing strong resilience. In this article, we will take a look at their price performance and see how they have been performing in terms of price and market cap, while Bitgert releases new products and pushes ecosystem growth.
Cardano's market performance
Cardano is a third-generation smart contract platform that aims to create a decentralized finance ecosystem. The Cardano ecosystem is based on the Ouroboros consensus mechanism, which allows users to stake their ADA tokens and participate in the validation process. Cardano recently launched its smart contracts functionality with the Alonzo hard fork, opening up new possibilities for developers and users. However, Cardano is not very fast compared to its competitors. On average, Cardano can process only 250 transactions per second (TPS),
Cardano (ADA) is one of the most popular and well-established projects in the crypto space. Cardono blockchain aimed to create a platform for smart contracts, decentralized applications, and governance. ADA is the native token of the Cardano network, which is currently undergoing a major upgrade called Alonzo, which will enable full smart contract functionality. According to CoinGecko, Cardano’s native token ADA has a circulating supply of 35 billion tokens and a market cap of $10.67 billion as of July 20, 2023. ADA has been trading at around $0.32, which is a 60% increase from its price at the beginning of the year. Cardano has also been one of the best performers among the top 10 cryptocurrencies by market cap, gaining over 300% in the past year.
Emerging project Bitgert (BRISE)
Bitgert is a newcomer in the blockchain space but shows solid technical performance and stability. Bitgert has achieved 100,000 TPS with its BRC20 blockchain, which launched in mid-February 2022. Bitgert also boasts of having low gas fees thanks to their validation mechanisms. It is compatible with EVM, which means Bitgert can support existing Ethereum-based applications and tokens. Bitgert also plans to launch its own decentralized exchange (DEX), NFT marketplace, and gaming platform, among other products.
Bitgert (BRISE) is a crypto engineering project that specializes in blockchain products and centralized exchange. Bitgert was launched in July 2021 on BSC but later developed its own blockchain called Bitgert BRC20, which offers near-zero gas fees and high-speed cross-chain transactions. BRISE is the native token of the Bitgert network, which allows investors to benefit from staking and earning rewards in BUSD on the BSC network only. Bitgert’s BRISE also has a real use case as a payment system and a peer-to-peer service in the BRISE dApp Wallet. According to CoinMarketCap, Bitgert has a circulating supply of 400 trillion tokens and a market cap of $101.89 million as of July 20, 2023. BRISE has been trading at around $0.00000026. Bitgert (BRISE) has also shown volatility on the cryptocurrency market, fluctuating between $0.00000001 and $0.0000012 in the past year.
Solana's high performance blockchain
Solana is a high-performance blockchain that claims to be the fastest in the world. It can handle up to 65,000 TPS, thanks to its innovative Proof of History (PoH) and Proof of Stake (PoS) hybrid consensus mechanism. Solana also supports smart contracts, decentralized applications, and non-fungible tokens (NFTs), making Solana a versatile platform for various use cases. Solana offers a scalable and low-cost solution for developers and users. However, it is not without its drawbacks. The Solana chain has experienced some network outages and security issues in the past,. Solana also faces stiff competition from other fast and innovative blockchains like BSC and Ethereum.
Solana (SOL) launched in March 2020 and gained a lot of traction in the crypto community. Solana is a high-performance blockchain that offers scalability, speed, and low fees. SOL is the native token of the Solana network, which is used for paying fees, staking, and governance. According to CoinMarketCap, Solana’s SOL has a circulating supply of 272 million tokens and a market cap of $8.16 billion as of July 20, 2023. SOL has been trading at around $30, which is a staggering 1500% increase from its price at the beginning of the year. Solana (SOL) has also been one of the fastest-growing cryptocurrencies in the market, surging over 6000% in the past year.
Conclusion
As we can see, Cardano and Solana have been outperforming altcoins in the crypto market. While Cardano is a well-established project with a loyal fan base and a promising roadmap, Solana is a newcomer that has impressed with its scalability and speed. Meanwhile, Bitgert positions itself as a niche project that aims to offer low-cost and fast transactions.
Yuri Molchan
Denys Serhiichuk
