Breaking: Bitgert Coin’s Projected Surge to $0.0001 – Your Ticket to Crypto Millionaire

The post Breaking: Bitgert Coin’s Projected Surge to $0.0001 – Your Ticket to Crypto Millionaire appeared first on Coinpedia Fintech News

Bitgert has been on the news a lot recently, and it might just be your ticket to become a millionaire. 

In the last month, it has seen a surge of almost 82%.

What seems to still be in their favour is that the Moving averages signal extremely bullish sentiment. To support this, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are in neutral territory.

This helps us understand two things:

1. Investors have a positive outlook toward the coin and expect great things from them
2. Bitgert has a huge long-term potential if Bitgert’s Project can keep up with the momentum and have a strong hold on it.

Given that Bitgert recently tapped into the European market, it can be assumed that the EU sees it as a stablecoin (as EU regulations for cryptocurrencies only allow similar coins). This gives Bitgert an entirely new market to tap into. So, the $0.0001 mark, which needs around 5000% growth might not be impossible.

But for this, Bitgert might need to burn more than half of its coins or more.

What is the burning of crypto? Will Bitgert also have to burn?

If there is some common trend that is seen in all cryptocurrencies, then it is this: The more you burn, the more likely your market cap and return.

“Burning” a cryptocurrency means that you are sending a coin to an inaccessible address. Different crypto wallets are created where these coins are sent. These addresses are also known as burners or eaters. This process removes tokens from the available supply, which decreases the number in circulation.

But why does this happen?

Cryptocurrencies like Bitgert’s main volatility comes from the demand and supply of the tokens. So, if you burn a lot of coins, then their supply reduces, and demand becomes higher than its supply. By applying simple economics, we can understand that the higher the demand, the higher the price.

It is this mechanism that crypto companies use the most to create a better value for their coins.

So, if Bitgert wants to control the ergonomics of its coin, and keep up with the growth, it very much has to burn a proportion of its coins. 

At the end of the day, it still doesn’t make it stable, because it is a cryptocurrency. They are highly unregulated and any new regulation or law can disrupt their work. So it is always better to be careful when investing in crypto assets like Bitgert and others.

To learn more about Bitgert coin, visit – https://bitgert.com