BRISE, the native token of the Bitgert blockchain, has experienced some significantly positive price movements in the last 24 hours. Although the BRC-20 token is still trading in the red, it appears to be aiming for a market recovery following this sudden increase in its market value.
According to data from CoinMarketCap, BRISE has risen by 21.44% in the last day, making it the biggest gainer among the top 200 cryptocurrencies on the market, closely followed by the meme-season favorite, Pepecoin.
This price movement has caused great excitement in the Bitgert community since the BRISE token has been in a declining state for some time and has experienced significant losses.
Data from CoinMarketCap shows that BRISE has lost 3.09% and 26.07% of its value in the last seven and 30 days, respectively.
BRISE began its weekly market in the price region of $0.0000003534 and recorded a steady decline in the next few days before finding support at a market price of $0.0000002759 on May 12. It then began showing signs of consolidation before finally seeing a surge in price yesterday morning, reaching as high as $0.0000003781.
Although the native token of Bitgert has slipped from such price highs, the dip was insignificant, and BRISE appears to be gaining momentum for another price breakout. Interestingly, the Bitgert development team announced a burn of 500 billion BRISE tokens shortly after the surge of the BRC-20 token, which has generated more interest in the asset, as token burns are usually associated with price increases.
At the time of writing this article, BRISE is trading at $0.0000003514, up 0.4% in the last hour. The token's daily trading volume has increased by 6.99% and is at $9.71 million. With a circulating supply of 395.68 trillion tokens, Bitgert's native coin has a market capitalization of $139.5 million.
After the impressive price performance of BRISE, there is still much speculation about its ability to achieve a full market recovery. According to the Coincodex price prediction team, the current public sentiment surrounding BRISE is neutral, as evidenced by a Fear and Greed index of 48. However, the team predicts that the value of BRISE will drop by 12.31% in the next five days and fall to a price range of $0.0000003139. However, they expect a drastic turnaround soon, as the BRC-20 token is expected to have resumed its upward trend and will be traded at up to $0.0000004276 in the next 30 days.
However, these predictions are speculative and should not be considered investment advice.
- Featured image: Capital.com, chart by Tradingview.
