China recently joined the United States, Canada, and the European Union, initiating a rate cut amid moderate inflation signs and the weakened labor market. Ripple effects of this development swept through the market, triggering consecutive back-to-back green candles for altcoins like Sui Coin—$SUI.
SUI’s accelerated growth in the DeFi market coincided with the ongoing market shift, shooting its price trajectory upwards and becoming one of the hottest Layer-1 projects in the market. Bitgert, another Layer-1 blockchain platform, has enjoyed steady growth in 2024. Bitgert’s continual growth in adoption could see Bitgert’s $BRISE breakout in the final quarter.
Let’s analyze Sui Coin’s price trajectory and uncover the ongoing developments that could set up Bitgert for a boom in Q4.
Could SUI See More Pumps?
SUI, a rapidly growing Layer-1 solution, was one of this week’s top gainers. SUI’s ecosystem leverages the Narwhal and Tusk consensus mechanism to execute low-latency and high-scalability transactions. SUI’s user-friendly options have rapidly improved its market activity on its native blockchain.
SUI’s ecosystem fosters a collaborative environment for developers and users, building an interconnected network. SUI’s ecosystem allows different applications on its blockchain to interact seamlessly, enhancing the overall value of the projects.
SUI recently recorded an impressive surge in TVL through the DeFi projects in its ecosystem. Improved interest from investors and developers pushed the SUI’s total locked value on its network to a new record high.
Increased adoption and integration within the SUI ecosystem triggered back-to-back price pumps. While SUI’s breakout suggests bulls could be tempted to push for a higher high before October, a market correction within the next 48 hours could see SUI consolidate above $1.50 in the first week of October.
Bitgert’s Market Value Could Explode in October
As a Layer-1 solution, Bitgert utilizes a unique consensus mechanism called Proof of Authority. This mechanism allows for rapid validation of transaction blocks on the Brise Chain and faster block times, edging popular blockchains like Solana, Ethereum, and SUI. Also, the Proof of Authority mechanism helps Bitgert with almost zero fees on its blockchain.
This and other Bitgert’s unique functionalities keep attracting global market interest, as seen in the 47 million total transactions processed to date on the BRISE Chain.
Moreover, other Bitgert native solutions and ongoing Bitgert campaigns have fueled project integration within its ecosystem. These developments are strengthening Bitgert’s advances in the market. At the time of writing, Bitgert is trading at $0.00000008, with a total volume of over $1.35M.
SUI network’s TVL and Bitgert market value is expected to grow steadily through Q4, as protocols and projects would keep migrating into both ecosystems.
Buy $BRISE on the Bitgert website today; visit https://bitgert.com.
