Solana Bearish for Next Few Months? Here’s What You Need to know

Crypto projects like Bitgert (BRISE) are giving Solana a rough time as they might make it less attractive.

The Solana coin price growth has been bearish for the whole of 2022. The Solana coin opened this year at $178, and at the time of this writing, it was trading at $94. This is a huge drop for a coin in the top 10 largest cryptocurrencies. However, the last two weeks of March saw the coin surge to around $136 before pulling back to the current price.

But how will the Solana price be for the next few months? Well, there is a lot happening in the industry that might make Solana bearish. One of the factors is the fast-growing competition. Crypto projects like Bitgert (BRISE) are giving Solana a rough time as they might make it less attractive.

The Bitgert is among the projects that might kill Solana hype with their disruptive developments. Read more below about the Bitgert (BRISE) project and why it might be responsible for the bearish Solana.

 

Bitgert

Many crypto analysts have reviewed Bitgert as the Solana killer. The thing about the Bitgert killing Solana started back in Q3 2021 after the Bitgert team launched the roadmap. In the roadmap V1 was the Bitgert blockchain, a major product that promised to offer a faster speed than Solana.

That’s exactly what the team delivered when the BRC20 blockchain was launched. The Brise blockchain offer 100k TPS, which is faster than the Solana chain’s 65k TPS. The gas fee for the Bitgert chain is also lower than the Solana chain. These are factors that make Bitgert the most attractive crypto project today.

With a faster chain than Solana and delivering the Bitgert updated roadmap V2 fast, Solana coin hype might start dying. That’s Bitgert might make Solana bearish in the next few months.

 

Solana

Solana is already feeling the pressure from Bitgert, which is challenging its industry dominance. After the Bitgert built a blockchain that is faster and cheaper than Solana, the project started wobbling. This is because the attention and the traction for the Solana project were taken away.

Therefore, Bitgert pressure is one of the factors that can explain why Solana is doing badly in the market. However, there are a lot of developments on this project that might make the SOL do better in the industry. The Solana hackathons, including the recent Riptide hackathon, are expected to grow the Solana ecosystem.

There are also a lot of developments around the products and the improvement of the Solana mainnet. However, the zero gas fee that Bitgert offers might be a challenge for the Solana engineers for now.

 

Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.

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