The crypto market has been undergoing correction ever since Bitcoin lost track of its rising trajectory. After touching a formidable target of $73K, Bitcoin has been unable to look up and is trading between $66k and $68k.
The most tantalizing gains have come from memecoins and mid-cap tokens like Bitgert. Solana is the new hub for launching memecoins this bull season. While altcoins have taken to following Bitcoin’s footsteps and retraced, a few coins need investors’ attention.
Let’s dig deeper into what makes Shiba Inu, Pepe Coin, and Bitgert great contenders for investments with good returns in 2024. Is Bitgert bullish while the market undergoes correction? Let’s find out.
Bitgert
Bitgert is a layer-1 blockchain similar to Solana and Cardano. It uses a Proof of Authority mechanism to cross-check transactions and execute them at super-fast speed. Cardano and Solana have been in the Layer-1 blockchain space for quite a long time now. However, both have been unable to provide a TPS that can catalyze mass adoption.
But Bitgert offers a transaction throughput of 100K TPS, which is far better than Solana and Cardano can afford. Solana’s jump this season has been mainly because of the memecoin frenzy. Solana and Cardano have low gas fee requirements, between $0.003 and $0.005. But what do you say to a $0.0000000000001 gas fee?
That’s Bitgert for you. Bitgert’s token BRISE has a deflationary mechanism and limited supply, which grants it a superior edge over Solana and Cardano. Bitgert blockchain has a full-fledged economy with multiple projects running, a dedicated community, and the potential of 20.000% returns in the coming months.
Solana and Cardano have already soaked in their gains, and most factors look priced in.
Pepe Coin
Pepe Coin was launched in August 2023 to celebrate the spirit of the popular meme Pepe The Frog. Pepe Coin jumped by 651% in the last 30 days. Those are some formidable returns for growing your portfolio from 1x to 600x in a matter of a few weeks,
Pepe Coin is still going strong and has earned good repute among the memecoins that come, create controversy or hype, and disappear. Pepe Coin has a no-tax policy, a price-burning mechanism to make the token deflationary, and a redistributive system to reward long-term stakers.
Shiba Inu
Shiba Inu is among the most popular dog meme-themed coins besides Doge. Sihna Inu is also one of the oldest and most resilient memecoin ecosystems in the cryptocurrency space.
Shiba Inu was launched in 2020 and has gained value ever since. The token jumped by 155% in the past 30 days alone and looks nowhere stopping.
Shiba Inu has a full-fledged ecosystem of native projects like an NFT marketplace, games, and a DEX. Its dedicated community is one of its biggest strengths and the strongest reason for its great performance this bull season.
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