As the bitcoin bull run draws near to touching the $63k mark again on Sept 22, the hunt for this year's gold mines has already begun.
Investors are eyeing Bitgert over Ethereum and Solana for its speed, low fees, and deflationary edge as Bitcoin nears $63K.
What Happened: Bitcoin price is once again nearing the $63K mark, and investors are hunting for the best cryptocurrencies to invest in this bull run. Three layer-1 (L1) contenders that have been grabbing attention are Ethereum, Solana, and Bitgert.
Each coin has its own strengths. However, Bitgert seems to be offering more for investors, especially those looking at a coin that could generate high returns over the next two years. Here’s why investors are choosing Bitgert over Ethereum and Solana.
Bitgert Gas Cost Is Low Compared To Ethereum And Solana Chain
One key factor for any investor is the gas fee that comes with a transaction. This is where Bitgert differs from Ethereum and Solana.
Solana is known for its low gas cost, which currently averages around $0.00025, while Bitgert charges a gas fee of $0.0000001. Ethereum, on the other hand, promises to be reducing the cost, but the issue is yet to be fully resolved.
Bitgert’s low gas cost makes it more attractive for dApp development and user adoption, where users and developers can interact with the network without worrying about high fees. In this area, Bitgert definitely has an edge over Ethereum and Solana.
Bitgert Speed Is Unmatched By Ethereum And Solana Chain
Bitgert’s exceptional scalability is attracting a lot of attention. The Brise Chain can handle a lot more data per second than Solana and Ethereum combined. It can process at a speed of 100K TPS. Solana promises to be fast, but only at 65K TPS, while Ethereum is slower than both of them.
Bitgert uses the Proof of Authority (PoA) consensus mechanism, which enables faster and more secure network transactions compared to Ethereum and Solana. Bitgert is now among the fastest blockchains, which ensures that the chain will not slow down as more users and dApps join the network.
Bitgert Deflationary Edge Over Ethereum And Solana Chain
One other area that is helping Bitgert to lead the next bull run in 2024 over Ethereum and Solana is its deflationary token. Bitgert slowly reduces the number of tokens in circulation through manual burning and buybacks, which improves the price dynamics of the token. Solana has a deflationary mechanism, but Bitgert’s is more aggressive.
Moreover, Ethereum’s token supply is uncapped. For this reason, Bitgert is a better long-term investment than Ethereum and Solana combined.
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