Can Bitgert really overtake Shiba Inu?
Is Bitgert about to overtake Shiba Inu, or is it just hype?
- BRISE and SHIB explained
- The numbers
- BRISE Vs SHIB: Why?
- Red flags over bitgert
- Fake news?
- Wrapping up
Shiba inu and bitgert are two cryptos that came out of nowhere to make headlines in 2021 and 2022, but what might happen now? There has been a lot of buzz online about BRISE, but can bitgert overtake shiba inu, as has been suggested in some parts of the crypto internet? Let’s see if we can find out whether that claim is true or whether it is just hype.
BRISE and SHIB explained
Before we look at that, we need to look at what bitgert and shiba inu are, exactly. Bitgert (BRISE) is the native token of the Bitgert decentralised exchange (DEX). The idea behind the Bitgert DEX is to create a space where people can trade whatever cryptocurrencies they want, rather than what the people behind the exchange decide to list. This means, at least in theory, it is not unlike the likes of PancakeSwap.
The other thing to notice is that bitgert has been audited but, rather than going to a big-name crypto audit company like CertiK, Certora or Paladin, it audited itself. Perhaps unsurprisingly, Bitgert gave BRISE a big thumbs up. Whether or not this can be believed is, ultimately, up to you.
As far as shiba inu goes, SHIB is a meme coin. It was launched as something of a tribute to Dogecoin, the crypto that was launched as a joke but ended up becoming a big player in the cryptosphere. It has its own exchange, ShibaSwap, and can be used as a store of value, as well as being available to buy, sell and trade on exchanges.
Let’s take a look at some figures. It is worth pointing out that, since Bitgert marks its own homework by auditing itself, we have to basically take the figures it reports on trust. Nevertheless, Bitgert claims to have 428,350 trillion BRISE in circulation out of a maximum supply of one quadrillion. If – and it is a big if – this is true, then that would give it a market cap of a little more than $608m (£466m). CoinMarketCap lists it as the 2,891 largest crypto by that metric.
Meanwhile, SHIB has a circulation of 529 trillion out of a total supply of 589.7 trillion. This gives shiba inu a market cap of around $12.6bn, making it the 15th-biggest cryptocurrency.
Let’s take a look at some past performances. The first day where there is an actual price listed for bitgert on CoinMarketCap is 13 September 2021, when it was worth $0.000000003391 at the close of trading. If we look at where it stood at the end of the day on 9 March 2022, then that gives us a figure of $0.000001448, meaning it went up by more than 42,000% in the space of just under six months. On the other hand, SHIB closed 13 September 2021 at $0.000006502 and ended 9 March 2022 at $0.00002386, a rise of a little over 285%. If we shorten the time frame, then we can see that BRISE started the year at $0.0000003399, which means, by 9 March, it had risen 326%, while SHIB’s annual starting figure of $0.00003342 meant that the token had actually dropped 28%.
So, in recent times, bitgert has been outperforming shiba inu. That is not to say that it is a superior crypto, though, just that they operate in two very different parts of the cryptocurrency market. The meme coin market can be pretty unpredictable and often relies on relative newcomers to the cryptoverse to bolster its trading, while decentralised exchanges make use of people who are closer to being crypto experts – if such a thing can truly exist – as its fanbase.
Let’s take a look at a price forecast to see how the cryptos might perform over time. For instance, PricePrediction.net thinks that BRISE can reach $0.00000192 in 2022, $0.00000595 in 2025 and $0.00003813 in 2030. This would represent rises of around 23.6%, 310.9% and 2,533.3% respectively. The same site says SHIB can hit $0.00003075 in 2022, $0.00009807 in 2025 and $0.00093174 in 2030. This means the token can go up around 28.88%, 311.02% and 3,805% from recent levels.
So, going by this forecast – which, like many crypto price predictions, could very well be wrong – then SHIB should end up doing a bit better than bitgert over time, which means that we won’t be seeing bitgert beat shiba inu at any point soon.
What is your sentiment on SHIB/USD?
BRISE Vs SHIB: Why?
Here’s something you may well be asking yourself. If Shiba Inu is an established, if somewhat idiosyncratic, crypto token which is one of the largest operators in the memecoin space and BRISE operates in the world of decentralised exchanges, then why are we, among others, comparing them? Does it matter if a DEX token like bitgert can surpass shiba inu, a dog coin?
Part of it is due to a fluke of time. Shiba inu first rose to prominence in 2021 – although it was launched the previous year – while bitgert came out last year. This might mean that someone who was fairly new to crypto will have seen two coins, valued at fractions of a cent, and conflated the two without really knowing that they were involved in two very separate things. This has led to online chatter comparing the two cryptos which has led some people to think BRISE might overtake shiba inu at some point.
Red flags over bitgert
It is possible, however, that something far more sinister is going on. An investigation by Currency.com found some pretty concerning things about Bitgert. We found evidence to suggest that the team listed on the crypto’s website are fictitious and have computer-generated profile pictures. We found that some of the Bitgert tweets generated identical replies – suggesting bot activity – and we were blocked from the official Bitgert telegram channel. We even cross-referenced the site’s domain name using lookup.icann.org. Bitgert seemingly uses the Withheld for Privacy (WFP) service, although domain details are seemingly pulled straight from WFP’s generic example presented on the homepage, suggesting that Bitgert (BRISE) does not actually pay for this service. Amusingly or perversely, depending on your point of view, the given postcode matches that of the Icelandic Phallological Museum, which houses the world’s largest display of penises and penile parts.
So, what does this mean? Well, when you look up ‘bitgert vs shib’ on Google, there are plenty of results. However, most of these results are quite recently come from rather – to put it politely – idiosyncratic crypto ‘news’ sites. Many of them do not give the writer a byline and, basically, appear to contravene compliance regulations. For instance, most reliable and legit crypto news pages – like Currency.com – do not tell you that a crypto is better than another, because we are not allowed to give market advice. We can warn people and urge them to be careful, but we cannot tell someone to do or not do something. However, these sites don’t seem to carry out compliance. For instance, Analytics Insight has an anonymous article saying “Bitgert is far ahead of the Shiba Inu as the best crypto investment”, while another says: “There are also many exciting developments at Bitgert that will make the coin do well in the coming days. This includes even bear runs when Shiba Inu might be stumbling. So today is the best time to buy Bitgert.”
Even if we ignore the questionable use of the English language, it is rather suspicious that a crypto news site would give such outright advice. A cynic might say that someone is being paid by Bitgert, or that the work is that of bots, cashing in on shiba inu’s online popularity. You will have to decide for yourself if such a thing is true. We have asked the site what the deal is here, but have not got a reply. It is also worth noting that both NMK and Roxxcloud are other websites with very similar articles using pretty much the same sort of grammar and syntax. So whether the bitgert vs shiba inu battle is an organic thing or whether it is generated by bots, scammers and paid shills is going to have to be left unanswered with any certainty, at least for the time being.
So, will bitgert overtake shiba inu soon? Probably not, although we can’t entirely rule out it happening one day in the future, maybe. There are a lot of red flags surrounding BRISE and it looks like little more than overexcitement at best. The thing is BRISE will have to reassure potential investors that it is both legit or useful before it can stand alongside the likes of CAKE and SUSHI, which is really what it should be aiming at, rather than the unrelated shiba inu meme coin.
In truth, though, comparing a DEX coin like BRISE and a meme coin like SHIB is, in effect, like comparing apples and oranges. Yes, they are both fruit, but they are very separate things. That said, we should probably point out that, in 2017, there were 50 million metric tons of oranges harvested, compared to 83.14 million metric tons of apples. Make of that what you will.
Regardless of that, though, whichever crypto you invest in, whether it is shiba inu or bitgert or something else entirely, be careful. Do your own research, make sure to try to find out if the token or coin is legitimate, remember prices can go down as well as up, and never invest more money than you can afford to lose.
Which is better – shiba inu or bitgert?
We can’t answer this question. Firstly, the two cryptos are designed for two very separate things, so it is unfair to make a comparison. Secondly, since we don’t know what will happen to either crypto down the line, it would be wrong to say that one is better than the other. Thirdly, as a news source, we are not allowed to give investment advice. What we can say, though, is that before you invest in any cryptocurrency, you should do your own research, remember prices can go down as well as up, and never invest more money than you can afford to lose.