Bittensor, Immutable X, and Bitgert (BRISE) rallying the bull market

The cryptocurrency market is again on the rise in 2024, with market capitalization regaining its earlier strength. Investors are showing a certain interest toward layer-1 blockchains and other defi-focused protocols. Smaller and new currencies are also gaining traction. 

Let us take a look at the potential that these three coins possess in the current market.

Bittensor (TAO)

Bittensor has performed exceptionally well even in the price downtrend that happens in the market. The last three months’ price average for Bittensor suggests an impressive surge in this coin’s price. Bittensor is currently trading at over $600 and shows bullish enthusiasm in the market from the traders.

The Bittensor platform allows developers to train, validate, and serve their AI models in a decentralized manner. It allows collaborative model training for the participants but also focuses on maintaining privacy. Developers are relying more on this network, which has upheld the Bittensor network in the market. This reliance on the Bittensor platform certainly suggests a further price hike for the coin.

Immutable X (IMX)

Immutable has partnered up with Polygon (MATIC) to reveal the Immutable zkEVM mainnet as a pre-release for selected game studios and ecosystem partners. This is leveraged with Polygon’s MATIC tokens and provides a firm stance for Immutable X to stand as a collaborative option for developers. Immutable X network also ensures compatibility with the Ethereum applications.

The game developers are showing huge interest in the Immutable X network. The potential for becoming the next big gaming platform amongst the others poses new support for the price hike of its coin as well. Over the last year, Immutable X has already progressed more than 220% and is on the way to reaching newer heights.

Apart from these coins, Bitgert has shown a certain uptrend in the price as a newcomer. Let’s also take a look at how this coin can be profitable for investors.

Bitgert (BRISE)

Bitgert relies on a system of proof of authority to improve the transaction time and lower the fees. It has been able to outperform all other smaller coins in the market with a huge price hike. Bitgert is compatible with the Ethereum virtual machine and offers smart contract functionality, too.

Bitgert has a market capitalization of around $75 million and is growing tremendously. Bitgert network is also being used to develop new decentralized apps and wallets, along with the option for developers to issue new tokens. So, this coin is rising through the ranks at a tremendous rate due to its smart contract function and ability to run full nodes for access to live transactions.

Conclusion

Immutable X, Bittensor, and Bitgert are growing rapidly with the expansion of the cryptocurrency market. These coins have their advantages, not just for the investors but for the developers as well. So, if you are looking for a coin to get a better return on the price, considering one of these may be a good option.