Cardano (ADA) & Solana (SOL) price tumble, While Bitrise coin grow exponentially

The first week of December has not been good for cryptocurrency investors after the recent cryptocurrencies price plunge. Bitcoin investors are the most hit after the coin recorded a 20% plunge. The effect of this plunge destabilized the entire crypto market, withCardano and Solanabeing some of the affected coins.

The good news is there arecryptocurrenciesthat cushioned themselves from this price shock, and one of them is the Bitrise coin. This is a coin that is still mooning and has managed to grow exponentially when prices for large cryptocurrencies like Cardano and Solana were tumbling.Bitrise has been making big moves in the crypto market, which have helped to even grow against the tide.

Unlike Cardano and Solana, Bitrise coin demand was still growing big during the plunge period. That’s what kept this coin growing exponentially and against the market forces.

First,Bitrise isa decentralized financial (DeFi) platform that enables users to earn, spend and lend on a peer-to-peer (P2P) platform. One thing that the team has done is develop this platform faster than any other DeFi project. The team had already developed Bitrise Audits, Techrate Audit, and dApp wallet in the first three months.

The fast accomplishment in developing the platform is attracting thousands of investors, includingCardano and Solana community members. That’s one reasonwhy Bitrisegrew exponentiallywhen Cardano and Solanacoins’ price was tumbling.

The innovative Bitrise token economics has also played a critical role in stabilizing and growing the token value. The team has developed tokenomics that rewards investors in a big way, and now the number of crypto investors joining for these rewards have been in thousands even during the price shock period.

Bitirise is a hyper-deflationary token and uses a contract to buy back tokens from the liquidity pool.Every 5% of the 12% tax on all transactions goes to the buyback contract, which burns bought tokens immediately after purchase to raise the token value and keep a healthy floor price.

Bitrisetokenomics also rewards token holders who receive 4% of the 12% tax as a reward for just holding the $BRISE token. The holding reward is in BNB and is sentautomatically into the holders’ wallet every 60 minutes. Such tokenomicskept the demand for the coin high when the Cardano and Solana coins were plunging.

The widely anticipated Bitrise token staking is also playing a big role in the coin’s current exponential growth. The 80% APY staking revenue shared to the staked tokens in attracting thousands of investors, including the Cardano and Solana community. The staking is launching very soon, and the Bitriseteam has already developed the staking programs.

Unlike Cardano and Solana, Bitrise exponential growth is expected continue, even during price shocks, because of the mentioned factors. More information about Bitrise coin check out the following platforms:

Website: www.bitrisetoken.com

Telegram: t.me/bitrisetoken

Coinmarketcap: https://coinmarketcap.com/currencies/bitrise-token/