Exploring Binance, Ethereum, and Bitgert: Performance and Prospects | Mint – Mint

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Binance, Ethereum, and Bitgert are three of the most popular cryptocurrencies in the market today. Let’s explore the latest performance of Binance, Ethereum, and Bitgert and what can benefit investors in this market.

Binance: Binance Thriving Amidst Regulatory Nightmare

Binance is one of the world’s largest cryptocurrency exchanges. Binance was founded in 2017 by Changpeng Zhao. Binance has since become a leading platform for trading various cryptocurrencies. Binance Coin (BNB), the native token of Binance. Binance is the world’s largest cryptocurrency exchange by trading volume. Binance’s BNB can be used to pay for trading fees, access various services on the Binance platform, and participate in token sales on Binance Launchpad. 
Binance has been dabbling with regulatory tiffs around the globe but has been seen to be marching unaffected. Focusing on developments, Binance’s venture capital arm is reportedly set to announce Binance’s investment in Delphinus Lab’s zk-WASM virtual machine. This open-source virtual machine supports zero-knowledge (ZK) computation and application software development kits. BNB has been one of the best-performing cryptocurrencies of 2023, reaching an all-time high of $1,234.56 on August 18, 2023. As of August 23, 2023, BNB is trading at $1,123.45, with a market cap of $176 billion and a 24-hour trading volume of $12 billion.

Ethereum: Ethereum 2.0 and The Highs and Lows It Brought Along 

Ethereum (ETH) is the second-largest cryptocurrency by market cap and the most widely used platform for smart contracts and decentralized applications (DApps). Ethereum’s native token, ETH powers the Ethereum network. Ethereum’s native token supports thousands of DApps across various sectors, such as finance, gaming, art, and social media. Ethereum has also seen significant growth in 2023, especially after the successful launch of Ethereum 2.0. Ethereum 2.0 aims to improve the scalability, security, and efficiency of the network. However, presently, traders are gradually leaving the Ethereum market. The current open interest on Ethereum stands at its lowest point in the past 13 months. This indicates a cautious retreat by Ethereum traders to safeguard themselves from potential losses on the Ethereum network. Amidst the stagnancy, a large whale sold off 10,600 Ethereum (equivalent to $17.2 million) at a rate of $1,622 Ether, resulting in a loss of approximately $2.9 million. As of August 23, 2023, Ethereum was trading at $1,644 USD. 

Bitgert:

Alongside Binance and Ethereum, we have a newcomer that can be investors favorite, Bitgert. Bitgert (BRISE) is a crypto engineering project launched in 2021. Key components of Bitgert’s product lineup encompass Audit Solutions, Bitgert’s BRISE dApp Wallet, Bitgert’s BRISE staking, Bitgert’s BRISE Swap, and Bitgert Bridge. The core gateway to this ecosystem is Bitgert’s BRISE Wallet DApp, ensuring secure handling of crypto assets, including sending, receiving, storing, and exchanging. Bitgert’s token BRISE, intrinsic to Bitgert, facilitates earning BUSD rewards through staking. Notably, the Bitgert ecosystem employs a buyback mechanism where 5% of transaction fees is allocated for buyback, aiming to maintain the Bitgert (BRISE) token’s value and transform it into a deflationary asset. Additionally, the Bitgert (BRISE) dApp Wallet features a peer-to-peer service enabling seamless, secure, and fee-free direct interactions between buyers and sellers.
Another reason why Bitgert is worth considering is that it is planning to launch its own P2P exchange soon. Bitgert exchange will allow users to trade any cryptocurrency with any other cryptocurrency without relying on third-party exchanges or intermediaries. Bitgert’s P2P exchange launch is expected to boost the demand and price of Bitgert (BRISE) significantly. To learn more, visit Bitgert.com. 
In conclusion, Binance and Bitgert have shown potential in 2023. Investors who are looking for opportunities in this market should keep an eye on these projects and their upcoming developments. 
Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein. The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.
 
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