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Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

BRISE Gains 21% In 24 Hours – Could This Be A Market Recovery?

Semilore Faleti
Semilore Faleti
1 year ago
3 mins read
BRISE

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BRISE, the native token of the Bitgert blockchain, has recorded some significant positive price movement in the last 24 hours. Although the BRC-20 token is still trading in the red zone, it appears to be attempting a market recovery following this sudden hike in its market value.

BRISE: Biggest Gainer In Top 200 Coin Roster

According to data by CoinMarketCap, BRISE has soared by 21.44% over the last day, making it the largest gainer among the Top 200 cryptocurrencies in the market, followed closely by the meme season diamond – Pepecoin. 

This price movement has produced much excitement within the Bitgert community as the BRISE token has been in a bearish state for quite some time, recording significant losses. 

Data from CoinMarketCap shows that BRISE had lost 3.09% and 26.07% of its value in the last seven and 30 days, respectively. 

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BRISE opened its weekly market around a price region of $0.0000003534 and exhibited a steady decline over the next few days before finding support around a market price of $0.0000002759 on May 12.

Thereafter, BRISE began to show signs of consolidation before finally experiencing a price surge yesterday morning to trade as high as $0.0000003781.

Although Bitgert’s native token has slipped from such price heights, the decline has been insignificant, and BRISE appears to be gathering momentum for another price breakout. 

Interestingly, shortly after the BRC-20 token’s surge, Bitgert’s developer team announced a supply burn of 500 billion BRISE tokens, which had drawn more interest to the asset as token burns are usually associated with price rises. 

🔥 500 Billion #BRISE burned!

Another 400 Billion #BRISE to be burned in next 6hrs!

Txn Proof: https://t.co/Dhtrk8fU49

— Bitgert – $BRISE (@bitgertbrise) May 13, 2023

At the time of writing, BRISE is trading at $0.0000003514 with a 0.4% gain in the last hour. The token’s daily trading volume is up 6.99%, valued at $9.71 million. With a circulation supply of 395.68 trillion tokens, Birget’s native coin boasts a market cap value of $139.5 million. 

BRISE

BRISE Trading At $0.00000035258 | Source: BRISEUSD Chart on Tradingview.com

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Could A BRISE Recovery Be On?

Following BRISE’s impressive price action, there is much ongoing speculation about the token’s ability to pull off a full market rebound. 

According to the price prediction team at Coincodex, the current public sentiment surrounding BRISE is neutral which is further backed by a Fear and Greed Index of 48.

That said, the team forecasts the value of BRISE to plummet by 12.31% in the next five days, falling to a price region of 0.0000003139. 

However, they soon anticipate a dashing reversal, with the BRC-20 token projected to have resumed its bullish course, trading as high as $0.0000004276 in the next 30 days. 

That said, these predictions are merely speculation and should not be relied upon as investment advice. 

-Featured Image: Capital.com, chart from Tradingview.
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Semilore Faleti
Semilore Faleti

Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Read more

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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