As we head into 2024, the cryptocurrency market is witnessing a surge in trading activity, especially among major layer-1 blockchains like Ethereum, Solana, and the emerging contender Bitgert. Investors are keenly watching which of the three, Bitgert, Solana, and Ethereum, offers the best investment potential for the upcoming year.
Let’s take a closer look at Bitgert, Solana, and Ethereum, focusing on each token’s history, trading volume trends, pricing, market position, etc., and why Bitgert could be the smartest buy in 2024.
Ethereum: A DeFi Powerhouse against the Newcomer Bitgert
Ethereum continues to dominate decentralized finance (DeFi), boasting the largest ecosystem of decentralized applications (dApps) and smart contracts. Despite Ethereum’s vast network effect, Ethereum still faces scalability issues, leading to high gas fees and slow transaction speeds.
Ethereum uses the Proof fo Stake (PoS) consensus mechanism, while Bitgert has revolutionized the blockchain world with the PoA mechanism. While Ethereum still struggles with a transaction speed of around 15TPS, Bitgert boasts a speed of 100k TPS, and that too at a near-zero gas fee for transactions.
Solana: Fast and Scalable, but Is it as Good as Bitgert?
Solana gained significant traction in 2021 and 2022 due to its high throughput and low transaction costs. Solana operates using a unique Proof-of-History (PoH) consensus mechanism, which allows the network to process over 60-65k transactions per second. The Solana network is also known for being a favorite of developers who develop dApps on it.
However, with the entry of Bitgert, developers have started turning away from Solana. Bitgert is partnering with multiple protocols and projects to improve its DeFi space. Solana also suffers from network outages and downtime. Bitgert provides continuous uptime and complete user support for a seamless process. Bitgert also runs multiple contests and hosts events to connect with its audience and solve any problems that the users face. Their Grants program under the Startup Studio allows devs to win up to $25k worth of Bitgert’s $BRISE coin for developing memecoins on Bitgert.
The Market Performance
While Solana and Ethereum sit at the top of the table, Bitgert is still coming up. Solana’s market cap has fallen over 2% in a day, and Ethereum has just kept its spot on the table. Bitgert has been becoming popular amongst developers, deployers, and other users, leading to higher investments in the project and Bitgert’s $BRISE coin. Bitgert has risen more than 4% in terms of trading volume too. The trading volume of Ethereum and Solana hasn’t been rising much for some time, indicating saturation.
Conclusion
With the information you gathered here, it would be clear how Bitgert has overtaken Ethereum and Solana in terms of technology and market performance. So, if you are planning to invest in crypto, then Bitgert can be a smart buy for you to earn much higher returns than you would over Ethereum and Solana.
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