In 2022, the number of Shiba Inu coin trades has been trending down. The craze on this crypto coin is slowly going down. Plus, its market capitalization has also been declining in recent months.
Shiba Inu coin was among the most successful cryptocurrencies in the year 2021. It is still included in the top 15 most valuable cryptocurrencies in terms of market capitalization.
However, the rapid growth of Bitgert project may overcome Shiba Inu coin. Bitgert’s market capitalization has already surpassed $500 million. Here’s more on Bitgert and how it’s catching up to Shiba Inu:
Bitgert
Bitgert has gotten the boost it needed with the release of the BRC20 blockchain. Because of its zero-gas features and fastest speed, the Bitgert BRC20 blockchain is a game-changer. With 100k TPS, Brise chain is currently the fastest blockchain, surpassing Solana’s 65k TPS.
It has allowed it to exceed all other cryptocurrencies previously considered competitors. Shiba Inu is one among them, while older than Bitgert, it has yet to establish its own blockchain.
In the next 365 days, the Bitgert team hopes to have 1000+ coins on the ecosystem. The Bitgert centralized exchange is set to start in Q1 and is intended to help the Bitgert chain gain widespread acceptance. Bitgert will easily dominate Shiba Inu with all of these features and products.
The chief factor Bitgert has done so well in the crypto industry is because of its rapid development and implementation. Bitgert has done a lot than Shiba Inu and other cryptos for a project that is just 7 months old.
Shiba Inu Coin
Shiba Inu garnered a lot of attention online when it launched a meme coin. The coin became one of the most popular cryptocurrencies. The number of token holders began to rise, and the SHIB quickly became one of the fastest-growing cryptocurrencies.
But recent events have caused the coin’s growth to decrease. Before it began to fall, the currency had grown by 50,000,000%. It has been losing popularity, as seen by the lower number of transactions in 2022. The Shiba Inu coins’ fast-dwindling quantity of transactions is an indication that things aren’t going well. The coin is rapidly losing traction.
One of the reasons why new projects like Bitgert are overtaking the project has been attributed to the Shiba products’ slow development. To re-establish the cryptocurrency’s competitiveness, Shiba needs to create additional offerings.
Conclusion
The Shiba Inu team is releasing products to provide the token with additional utility. However, it is taking a long time to supply them. This is why the Bitgert blockchain outperforms this project. The blockchain for this project has not been developed or even started by the Shiba team. Bitgert is well ahead of the Shiba Inu. It has the potential to be the top crypto investment because of the BRC20 blockchain.
