Bitcoin’s price action post-halving has usually been compared to previous halving cycles in the past years. Since the quadrennial event ended last Saturday, the largest cryptocurrency in the market has displayed slight upward movements.
Enthusiasts and investors anticipated a major upswing in Bitcoin’s price post-halving. Some investors even dreamed of Bitcoin reaching the $200,000 threshold. Despite these predictions, BTC’s price action has been far from expectations, consequently affecting the performance of altcoins in the overall market.
Bitgert, an engineering project in the market, is defying the current bearish market trend. Thanks to the expansion and aggressive adoption of its exchange, Bitgert’s price chart paints a bullish bias. Experts argue the ongoing expansion of Bitgert Exchange will catalyze Bigert’s market value for massive gains in the coming months.
Read on as we shed more light on this topic.
Bitcoin’s Failure to Mirror Previous Post-Halving Success
Historical data shows volatility and price upswings were advents of past halving events; however, the BTC’s price action has managed a 4.66% uptick in the market value.
In comparison to the preceding halving event, which surged Bitcoin’s value by approximately 533%, Bitcoin has failed to replicate its success this time. Now trading at $66,680, BTC has struggled to rise above the $67,500 key resistance level.
Despite the market downturn, respected market analysts like Jay Jacobs, a Blackrock executive, are bullish on Bitcoin in the long term. In a recent post, Jacob shared his thoughts on the importance of Bitcoin’s halving and how it will affect its market value moving forward.
Hence, investors are turning their heads to market sensations like Bitgert for short-term gains.
Bitgert Exchange Expansion Catalyzes Upward Price Movements
Bitgert, a crypto engineering project on the market, has exponentially grown in popularity as well as traction. Bigert Exchange, home to a suite of leading-edge solutions and native products within the Bitgert ecosystem, has played a key role in Bitgert’s rapid adoption in the market.
Through the aid of the Proof-of-Authority (PoA) consensus mechanism, Bitgert Exchange provides users with swift block processing and next-to-zero transaction fees on its blockchain. By reducing block times and gas fees, Bitgert fosters a more effective and cost-efficient exchange.
The efficiency of Bitgert Exchange in delivering a seamless transactional experience to users has attracted traders and investors from every nuke and corner of the market.
As Bitgert Exchange continues to expand, Bitgert will consequently surge in market value. Experts are predicting a massive surge of 30x in the short term.
Conclusion
Other innovative solutions within Bitgert’s ecosystem include Bitgert Chain, Bitgert Startup Studio, Local Bitgert, Bitgert P2P Marketplace, etc.
Bitgert is a one in a year-long opportunity; a chance to flip your $100 into $3000 in 2024 might not come knocking twice.
Invest in Bitgert and get your fair share of a 30x before July.
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