Alright, buckle up, crypto fans! Get ready to discover an intriguing story behind the Bitrise (BRISE) token and learn the reasons for its failure.
Crypto universe keeps expanding, with new coins occasionally entering the market. One of these new entrants is the Bitrise token. It’s the native token of the Bitrise network that facilitates its blockchain operations. Systems like these have given rise to top crypto advertising companies like Bitmedia, which help companies reach their target.
Whether you’re hearing about the Bitrise token for the first time or you’re looking to broaden your knowledge, we have you covered. Let’s take an in-depth look at the cryptocurrency, learn how it works, and the latest news affecting its current market value.
What Is the Bitrise (BRISE) Token?
Before answering the question, “What is a Bitrise token,” let’s take a look at Bitrise itself.
Now known as Bitgert, Bitrise began as a project on the BNB Chain (BNB). However, in March 2022, it launched its own independent mainnet, named Bitgert Chain (or BRISE Chain). This transition allows it to support smart contracts and positions it as a versatile platform for decentralized finance (DeFi), Web3, and other crypto projects.
The system has its own token standard, known as BRC-20, and offers interoperability through two bridges:
- IcecreamSwap Bridge: Facilitates effortless transfers between the Bitgert (BRISE) chain, Fuse blockchain, DoKEN Super Chain, BNB Chain, and Dogechain.
- Multichain Bridge: This bridge enables seamless connections with a wide array of blockchains, including Ethereum, Polygon, Fantom, and more.
Bitgert is also a dynamic blockchain network that stands out for its minimal transaction fees and impressive scalability. It boasts the ability to process over 100,000 transactions per second (TPS), marking a significant milestone in blockchain technology.
About Bitrise Native Currency
BRISE is the cryptocurrency that’s used for transactions on the Bitrise system and is available in three different standards. It exists in its native BRC-20 standard on the Bitgert blockchain, the BEP-20 standard on the BNB Chain, and the ERC-20 standard on Ethereum.
Notably, BRISE tokens serve a dual purpose—they power the network and reward diligent miners who contribute to its growth. These incentives encourage miners to keep actively engaging in the system. Beyond mining, holders can trade the coin on cryptocurrency exchanges, which is a good way to make better profits.
The allure of BRISE tokens extends to their limited supply, a factor that fuels their potential for value appreciation. This scarcity also makes it an appealing long-term investment opportunity for token holders. So, despite being new in the system, BRISE tokens show promise of growth in the crypto space.
What Is the Bitrise (BRISE) Token Price?
An important thing to note about cryptocurrencies is their volatility. As such, they experience regular increases and decreases in value. As of the time of this writing, different platforms presented different prices for the token, and we’ve listed them below:
- According to CoinMarketCap, BRISE is valued at approximately $0.000000163 USD, with a 24-hour trading volume of around $3,045,211.
- Binance reports a price of less than $0.000001 per BRISE/USD. This is alongside a market capitalization of $66.64 million USD and a 24-hour trading volume of $3.76 million.
- Meanwhile, Coinbase provides a slightly higher current price at $0.00000017 USD per BRISE. They also mention that the token at that moment is trading at 91.00% below its all-time high of $0.00000185. The circulating supply is noted as 395,688,215,721,653.
- Over at CoinGecko, BRISE’s price is noted as approximately $0.000000161335 USD, along with a 24-hour trading volume of about $3,674,032.25. Interestingly, this reflects a -1.19% price decrease within the past 24 hours.
- Livecoinwatch indicates that BRISE has experienced a 0.240000% price decrease in the last 24 hours, with its USD price hovering around $0.0000161881.
- Coincarp reports that the price stands at $0.0000001825 USD, with a 24-hour trading volume of $4,264,431. This reflects a slight decline of -0.97% in the past 24 hours.
- Finally, Bitdegree offers a BRISE price of $0.000000165 USD, revealing a trading volume of $3,490,013 over the last 24 hours. They also observed a 2.45% price decrease during this period.
These different perspectives showcase the dynamic nature of the crypto market, where prices can vary slightly across platforms. This makes it important for traders and investors to stay informed through multiple sources.
Why Is the Bitrise (BRISE) Token Failing?
As seen from the price of the token on various platforms, Bitrise (BRISE) has recently found itself on a downward trajectory. Several factors are responsible for this price drop, and they are as follows:
The Bear Market Impact
Over the past few months, cryptocurrencies, in general, have faced challenges as investors have become increasingly risk-averse. This aversion has prompted a shift away from digital money in favor of more conservative investments. Bitrise, like many other altcoins, has felt the brunt of this market sentiment.
Youth and Liquidity Challenges
Bitrise is relatively young in the crypto landscape, which can be a double-edged sword. While it means there’s potential for growth, it also implies a lack of widespread adoption and liquidity, both of which are important for a cryptocurrency’s stability. Bitrise’s limited liquidity has made it vulnerable to abrupt price fluctuations and challenges in trading value on various exchanges.
Unproven Utility and Use Cases
The value of any digital coin hinges on its real-world applications, as investors are generally more inclined toward assets with clear and proven use cases. Bitrise, at this stage, is yet to prove its usefulness and currently doesn’t have reliable and solid use cases. Unfortunately, this lack of real-life application leads to uncertainty about its value, which has significantly contributed to the coin’s price decline.
Lack of Proper Marketing and Promotion
In the competitive world of cryptocurrencies, marketing and promotion play a huge role in raising awareness and building interest. Bitrise’s relatively low profile and lack of effective marketing strategies have dampened its visibility. This limited exposure has translated into a lack of public interest, further driving down its price.
High Token Supply
The token’s limited but high supply is another major problem. With a substantial number of these digital coins in circulation, it has become increasingly difficult for the token to maintain its value.
What Is the Latest Bitrise (BRISE) Token News?
When the Bitrise (BRISE) token dropped on the Ethereum blockchain, it sparked a wave of anticipation and excitement within the crypto community. As already noted, this native digital currency lies at the heart of the Bitrise platform. As such, it serves multiple functions, from trading and Bitrise staking to driving Dapp development. Basically, the coin’s launch became a significant milestone for Bitrise, establishing its presence in the world of digital assets.
That said, here are some Bitrise token news to note:
More Than Just a Token
BRISE tokens offer more than meets the eye. They provide users with enticing discounts on trading fees, making digital asset transactions more cost-effective. Additionally, holders gain access to exclusive features within the Bitrise platform, enhancing their overall experience.
BRISE’s Surge in Popularity
It comes as no surprise that BRISE has rapidly become one of the most coveted tokens on the market. The secure and cost-efficient platform, coupled with the exclusive perks of these tokens, has propelled its popularity to new heights. It’s a testament to how the right blend of utility and easy access can capture the attention of crypto enthusiasts.
The Hurdles It Faces
Despite the initial enthusiasm, the token has experienced a noticeable decline in its market value since its inception. Analysts point to a couple of key factors contributing to this downturn. Chief among them is the challenge of establishing robust use cases for the token, leaving it without a good narrative for broader adoption. Additionally, the absence of this coin on some major exchanges has limited its exposure and accessibility to the larger market.
A Proactive Response From the Team
The team behind BRISE understands these challenges and is diligently working on developing new and practical use cases for the token. Basically, they aim to enhance its current value and place it in a better position in the cryptocurrency market. Simultaneously, they are exploring opportunities for BRISE to be listed on more exchanges. Such listings could significantly broaden the token’s reach and accessibility, attracting more diverse users and investors.
What Are the Bitrise (BRISE) Token Price Predictions for 2024?
If you’re wondering, “Is Bitrise a good investment?” you should keep abreast of its price movement. Well, like many other cryptocurrencies, the token has experienced significant growth in the cryptosphere since its inception. In 2021, it delivered impressive returns to its early investors, reaching an all-time high (ATH) of $0.00000404 in August of that year. However, since then, the Bitrise token has experienced a more gradual ascent, with occasional ups and downs.
In 2023, the coin appears to be on the path to recovery after enduring prolonged bearish trends. According to Binance’s forecasts, there is potential for it to reach a maximum price level of $0.000000623 within the year. It’s worth noting that experts expect slower growth in the crypto market during this period. However, should a bullish rally spring up, BRISE’s prices may exceed these predictions.
On average, the price of the coin is expected to hover around $0.000000571 in 2023. In the event of a bearish market, the minimum price for the coin might dip to as low as $0.000000421, according to Binance.
However, the Changelly blog had a different take on the Bitrise prediction. Changelly expects that in 2024, the lowest the coin can get to is 0.00000051. On the brighter side, the highest Bitrise might climb to is approximately $0.00000060, while the average price could hover at about $0.00000053.
Is Bitrise (BRISE) Token Worth Investing in?
Cryptocurrency investments have piqued the interest of many, and Bitrise (BRISE) is no exception. So, it’s natural to wonder if investing in Bitrise is a wise move. Let’s break it down.
Bitrise has demonstrated its potential by recently delivering substantial returns to investors. The crypto market can be full of surprises, and Bitrise has been one of those positive surprises. It stands out as one of the fastest-growing DeFi projects. Though it doesn’t have many real-life applications, it boasts a dedicated team that is working to change this soon.
Read also: Top 10 DeFi Use Cases In 2024
When you consider the pricing analysis from Bitrise news, it’s clear that this cryptocurrency has the potential as a long-term investment. As such, it’s an option that’s worth considering. Plus, according to future predictions, its price is expected to rise with time.
However, it’s crucial to remember that cryptocurrency prices, including Bitrise, are highly volatile. Their direction can change in the blink of an eye. If you’re comfortable with a degree of risk in your investment portfolio, Bitrise might be a compelling choice.
Furthermore, note that with the potential for substantial rewards in the cryptocurrency realm also come certain risks. So, it’s essential to implement sound risk management practices before making any investment decisions.
Where to Buy a Bitrise (BRISE) Token?
If you’re wondering where to buy Bitrise tokens, then the answer is cryptocurrency exchanges. Note that market conditions can influence the token’s price on these platforms. So, it’s essential to conduct thorough research and exercise caution when investing in the asset.
Let’s explore the options available for purchasing Bitrise.
Coinbase Pro
This is a cryptocurrency exchange platform that provides advanced trading features and services for both novice and experienced traders and investors. It’s a subsidiary of Coinbase, one of the most well-known and user-friendly global exchanges. The platform is widely recognized for its efficiency and convenience.
Read our review of Coinbase crypto exchange
Binance
Binance is a household name in the world of cryptocurrencies, known for its robust trading platform and comprehensive suite of services. Founded in 2017 by Changpeng Zhao (CZ), Binance quickly rose to prominence and is now one of the largest and most popular cryptocurrency exchanges globally. Its intuitive design and straightforward navigation make it easy for users to trade cryptocurrencies.
Huobi Global
Founded in China in 2013, Huobi Global has grown into a leading international digital asset exchange, serving clients from over 100 countries. It offers a wide spectrum of services, including spot trading, margin trading, futures trading, derivatives trading, staking, crypto loans, and more. With this, it caters to the diverse needs of crypto traders and investors, making it a prominent player in the global cryptocurrency landscape.
KuCoin
Launched in 2017, KuCoin is an upcoming exchange that includes BRISE among its trading options. Unlike Binance, KuCoin has not experienced a very high level of success. Regardless, it has garnered recognition for its role in promoting Web 3.0 adoption. It’s also known as the “exchange for the people,” owing to its unwavering dedication to delivering top-tier services around the clock to its user base.
Gate.io
Gate.io is a prominent centralized exchange renowned for its extensive selection of digital assets. Overall, it boasts an impressive offering of over 1400 cryptocurrencies and 2500 trading pairs. Since its launch in 2013, Gate.io has earned its reputation as a reliable platform, catering to the diverse needs of crypto enthusiasts and traders. It also places a strong emphasis on customer service, allowing users to access support easily when necessary.
Read our review of Gate.io crypto exchange
Bitmart
Launched in 2017, Bitmart offers a user-friendly and secure trading experience. It boasts a diverse selection of cryptocurrencies and tokens for trading. Security is a top priority for Bitmart. The exchange implements advanced security protocols, including two-factor authentication (2FA) and cold storage of user funds, to safeguard digital assets and user information.
Read our review of Bitmart crypto exchange
Decentralized Exchanges: IDEX and Uniswap
For those interested in decentralized exchanges, IDEX and Uniswap are notable options. IDEX allows users to trade BRISE while retaining control over their funds. Meanwhile, Uniswap, built on the Ethereum blockchain, provides a decentralized environment for BRISE transactions. However, both decentralized exchanges have witnessed a decline in trading volume, affecting the token’s price.
What to Consider When Picking an Exchange to Buy Bitrise
For those asking, “Where can I buy BRISE tokens,” we’ve provided the answer in the previous section. However, when choosing a suitable platform, you must consider several factors to be certain the site suits your needs. These include:
Security
The most important thing to note when selecting an exchange is security. Remember that you’re dealing with a digital asset, and it must be well protected. Therefore, pick a platform with adequate security protocols and measures.
Fees
Exchanges have various fee structures, and it’s crucial to understand how they work. Some charge a flat fee per transaction, while others use a tiered system based on your trading volume or account activity. So, always familiarize yourself with the charges to understand what you’ll pay per transaction.
Support
Having access to responsive and knowledgeable support can impact your overall experience of the platform. The available channels of customer support should cover various options. These may include 24/7 live chat support for immediate assistance, email support, and an FAQ section for self-help. Some also have telephone support for those who prefer direct communication.
Website Layout and App
An intuitive website design, a simple layout, and fast-loading pages translate to a better navigation experience. This means you can easily trade cryptocurrencies on the platform without having problems finding your way around the website or worrying about sudden pop-up ads. You should also look at the mobile versions and applications of these trading sites to ensure they have the same intuitive design as their desktop counterparts.
How Can I Buy a Bitrise (BRISE) Token?
Buying the token is easy once you’ve decided on the right Bitrise exchange to use. Afterwards, it’s a matter of creating an account, making the purchase, and storing your digital assets properly. Here’s a step-by-step guide to buying the token:
- Choose an exchange that supports BRISE tokens
- Create an account on the exchange
- Pick the transaction method and make a purchase
- Store your assets
Choose an Exchange that Supports BRISE Tokens
We’ve listed and briefly reviewed the top BRISE exchanges, so you simply choose one that suits your preferences. They all have user-friendly platforms and are highly secure. However, their transaction fees vary. So, go through their features and fee structure and pick the best one.
Create an Account on the Exchange
Once you’ve found an exchange that checks the right boxes, creating an account is the next step. For this process, you’ll need to verify your identity, so it’s best to have the necessary documents for a smooth account creation. During registration, you provide important information like your full name and date of birth.
Pick the Transaction Method and Make a Purchase
Exchanges offer different methods of buying the token. If you want to make the transaction directly with the exchange, you link your bank account or bank cards and fill in the purchase amount. Then, you verify the payment and complete the transaction. There are also peer-to-peer options, where you buy from a seller on the exchange.
Store Your Assets
Once done, you can choose to leave the token on the exchange or move it to a personal wallet. Remember that while hardware wallets are generally safer, you must protect them yourself. Ensure that you keep the keys to your asset away from third parties to avoid unauthorized access.
Conclusion
Bitrise, like every digital coin, has experienced ups and downs in the cryptocurrency market. While its price is currently declining, its value isn’t set in stone. For it to regain its footing, it must establish itself as more than just a speculative asset. If it can successfully carve out a niche, demonstrate its value, and capture market attention, it might experience a sharp price increase.
FAQs
How to Sell Bitrise Token?
You can sell the token through P2P trading on exchanges.
Where Can I Buy Bitrise Token?
The token is available for purchase on exchanges like Binance and KuCoin.
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL.FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL.FM strongly recommends contacting a qualified industry professional.