BRISE Gains 21% In 24 Hours – Could This Be A Market Recovery?
May 14 2023 - 01:55AM
NEWSBTC
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. Related Reading: PEPE, DOGE, SHIB See
Fierce Competition From New FETH Token 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. 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 Trading At
$0.00000035258 | Source: BRISEUSD Chart on Tradingview.com Related
Reading: PayPal Plunging Despite Increasing Crypto Holdings 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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