The cryptocurrency market is witnessing a surge of interest in alt coins, with Pepe Coin (PEPE), Cardano (ADA) and Bitgert (BRISE) among the top performers. Here is a brief overview of tꦅhe latest developments and price movements of these coins.
Pepe Coin (PEPE):
is a meme coin inspired by the popular Pepe the Frog internet character. Pepe Coin aims to provide a fun and decentralized way of tipping and rewarding online content creators. PEPE has seen a remarkable 31.58% increase in the last 24 hours, reaching a price of $0.0000009698 as of October 24, 2023. This growth was driven by the rising demand for meme coins, as well as the positive outlook for PEPE's supply in the exchanges, which indicates a bullish trend. However, they also pointed out an increase in the supply of ELON on exchanges, indicating a bearish outlook. Moreover, PEPE recently found itself in the midst of a controversy as some of its developers made unauthorized token💦 sales from multisig wallets, resulting in a sharp price drop. PEPE faced some challenges as some of Pepe Coin's main developers sold tokens without permission and caused a price dump. The current PEPE team claimed to have resolved the issue and promised to 🅺focus more on the project.
In a notable turn of events, the Pepecoin team also burned a substantial 6.9 trillion tokens, resulting in a 20% surge in PEPE's value. These burned tokens, valued at around $6,000,000, paved the way for a new team of advisors to guide Pepe in the right direction. The remaining 3.79 trillion tokens allocated to the original team's CEX multi-sig wallet are earmarked for strategic partnerships and marketing efforts. Back in late August, PEPE witnessed a 20% price dip, triggered by the actions of former team members who withdrew a hefty 16 trillion tokens, 🌠valued at approximately $15 million, from a multi-signature wallet and offloaded them on centralized exchanges.
Cardano (ADA):
Next to Pepe, we have Cardano. Alongside Arbitrum, we have in the list. Cardano is a smart contract platform that aims to deliver more advanced features than Ethereum, such as interoperability, sustainability and scalability. Cardano uses a proof-of-stake consensus mechanism called Ouroboros. Cardano’s Ouroboros claims to be more energy-efficient and secure than proof-of-work. Cardano is currently in the final phase of its roadmap, called Goguen, which will enable smart contracts and decentralized applications on Cardano’s network. Cardano’s ADA has gained 17.5% in the last month, trading at $0.2889 as of October 24, 2023. This increase was fueled by the high trading volume of over $100 million, as well as the anticipation for the upcoming launch of smart contracts on Cardano's network . Cardano's 🧜founder, Charles Hoskinson, announced that smart contracts would be enabled by the end of October 2023, after several delays and technical challenges . This would allow Cardano to compete with other platforms like Ethereum and Solana, and potentially at🅺tract more developers and users to its ecosystem.
However, among the top 20 cryptocurrencies by market cap, Cardano ranks as one of the most underperforming ones, along with Shiba Inu (SHIB), Tron (TꦐRX), and Binance Coin (BNB). In the last week, it has only gained a meager 4%, with some positive movements in the last 4 days. However, this could also indicate a continued consolidation🍬 phase. At this stage, let’s just say, be wise on what you bet on.
Bitgert (BRISE):
Alongside Pepe Coin, and Cardano, we have Bitgert in our list. Bitgert (BRISE) is a utility token that powers the Bitgert platform, a decentralized exchange that offers peer-to-peer trading, lending and borrowing services. Bitgert’s BRISE aims to provide a fast, secure and low-cost way of exchanging cryptocur൲rencies and fiat currencies. Bitgert’s BRISE has soared by almost 15% in the last 7 days. This surge was influenced by the growing interest in decentralized finance (DeFi) solutions, as well as the upcoming launch of Bitgert's peer-to-peer exchange. Bitgert’s peer-to-peer exchange will offer more liquidity, transparency and efficiency than traditional exchanges, and will also reward users with Bitgert’s BRISE tokens for providing liquidity and referrals. Bitgert expects that Bitgert’s peer-to-peer exchange launch will boost the demand👍 and price of Bitgert’s BRISE significantly.
To buy Bitgert (BRISE), one needs to have an account on a cryptocurrency exchange that supports Bitgert’s BRISE trading, such as Uniswap or PancakeSwap. Then, one needs to deposit some funds in a supported cryptocurrency or fiat currency, such as Ethereum or USDT. Next, one needs to find the BRISE trading pair on the exchange and enter the amount of Bitgert’s BRISE they want to buy or sell. Finally, one needs to confirm the transaction and wait for it to be processed by ♔the network.
The cryptocurrency market is constantly evolving and offering new opportunities for investors. Pepe Coin (PEPE), Cardano (ADA) and Bitgert (BRISE) are some of the coins that h𒀰ave shown impressive performance and potential in recent days. However, investing in cryptocurrencies also involves risks and uncertainties, so investors should always do their own research and due diligence before ma✨king any decisions.
