Although there is always a changing tide in the cryptocurrency market, one of the recent standout trends has been that some major investors have been focusing their sights on Bitgert ($BRISE) as Kaspa (KAS) sees significant depreciation. When whales (investors who buy large amounts of one kind of cryptocurrency) begin to move towards Bitgert, it signals a change in market regime and confidence. Today, we are going to look at these two coins.
Kaspa Volumes Drop Amid Decline
While Kaspa has a strong community and platform with lots of previous momentum, it has also been lagging lately, as its prices are stuck in a highly volatile down range. Kaspa, one of the most prominent altcoins, has experienced falling trading over the last few months, with daily volume falling from $436 million to just $38 million in August. This downward slide was further amplified by a meagre 0.7% price increase over the past week, which has put Kaspa in a challenging position to find some support. This decline and low liquidity have damaged Kaspa’s performance significantly.
Whales Flocking to Bitgert
Despite low trading volume and falling prices for Kaspa, Bitgert steadily increases its number of whale investors. Bitgert, being one of the alternatives, has a strategic position in delivering nearly zero-cost gas fees, high scalability, and innovative DeFi solutions. This has turned Bitgert into one of the favorite options.
Whales, who usually do their research and make strategic moves in the market after extensive analysis, are trendsetters in the cryptocurrency industry. Bitgert’s popularity reflects the coin’s growth and strong fundamentals, not just by prospective value but by constantly progressing even through challenging market situations, unlike Kaspa.
Why Investors Are Switching to Bitgert
Several reasons contributed to whale investment turning left from Kaspa into Bitgert. First, Bitgert has been doing quite well during the market dump, displaying a reasonably constant price trend as opposed to Kaspa´s recent downtrend. Another reason is that Bitgert powers a real-world implementation of blockchain technology. Bitgert’s focus makes decentralized finance (DeFi) and smart contracts more efficient, which happens to be the hot thing in the investor space right now.
The challenges facing the Kaspa coin have raised investors’ doubts, with a new price band absorbing some uncertainty about volumes. Kaspa decreases trading volume and makes some investors doubt this short-term gain will be lower. Kaspa still has potential, especially with upcoming technological advancements, but Bitgert conveniently outpaces it and has development and whale interest.
Although the potential for Kaspa remains compelling, Bitgert’s upward trend indicates that many large investors are shifting to it due to its stability and innovation, which are already showing in its prices. This move might indicate that Bitgert is becoming a game changer for its investors in the crypto market.
Grab your own $BRISE token at Bitget, Gate.io, PancakeSwap, MEXC, and KuCoin!
Step 1: Register on the exchange
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