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Time and time again, new blockchain projects have branded themselves as potential Ethereum killers only for their lofty claims to inevitably fade away. Thanks to its first-mover advantage and robust ecosystem, Ethereum has reigned supreme as the worlds go-to smart contract platform.

But a new contender has officially arrived thats making waves as the first legitimate threat to Ethereums throne Bitgert. This ambitious blockchain is quickly amassing a feverish following by combining the security of Ethereum with vastly superior scalability.

As per Bitgert whitepaper, it appears to possess all the firepower needed to challenge Ethereum head-on-head:

Thanks to Bitgerts cutting-edge BRISE chain, the network can effortlessly handle exponentially higher transaction volumes than Ethereum while still charging near-zero fees. Any Ethereum-based protocol can tap directly into BRISEs ultra-scalable architecture with full EVM interoperability.

Recent upgrades like Ethereums Dencun upgrade have mitigated its transaction fee woes somewhat on L2s but not on L1s. But even with these optimizations, the OG blockchain still pales in comparison to Bitgerts sheer performance potential.

While Bitgerts technical prowess is undeniably impressive, its the roadmap ahead that has investors truly buzzing about its potential to unseat Ethereum through a series of offerings:

Each milestone will unlock new utility streams for Bitgerts ever-expanding ecosystem. As DeFi, dApps, and Web3 take hold, Bitgerts scalable architecture could catalyze an exodus from Ethereums bloated chain.

Perhaps most importantly, it is already exhibiting promising price momentum. Over the past month alone, the token has surged by 35% to a $100 million market cap amidst growing hype around its $2.35 million daily traded volumes.

Of course, Bitgert still has an immense uphill climb to usurp Ethereums $420 billion market dominance and established network effects. Even capturing a tiny fraction of that valuation would represent over 4,000X gains from current levels.

But whereas past so-called Ethereum killers fell flat on empty promises, Bitgert is rapidly demonstrating its legitimacy as the first platform to combine Ethereums robust ecosystem with truly scalable infrastructure. Whether it can sustain that momentum and unseat cryptos reigning smart contract king remains to be seen.

To know more about Bitgert, Visit https://bitgert.com

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Why Bitgert Coin Is Poised to Be the Next Ethereum - Cryptonews

Key points:

Consensys, a leading blockchain software technology company, has asked the U.S. Securities and Exchange Commission (SEC) to recognize the advanced safeguards inherent in Ethereums design. The company proposed this in response to the SECs request for comments on the potential approval of Ethereum ETF applications.

In line with the applications, the SEC asked whether Ethereums Proof of Stake (PoS) raises unique concerns of fraud and manipulation that the agency should consider. Responding to the question, Consensys noted such concerns are wholly without merit.

The blockchain company published a letter explaining how Ethereums PoS implementation meets and exceeds the security of Bitcoins Proof of Work (PoW). According to Consensys, Bitcoins PoW underlies Bitcoin-based ETFs that the SEC has already approved for trading.

In the comment letter, Consensys noted that the Ethereum PoS has strong built-in anti-fraud and anti-manipulation mechanisms. The company highlighted how this implementation surpasses Bitcoins PoW consensus model by being more resistant to tampering.

Some of Consensys highlights include Ethereums faster block finality and the blockchains distributed and randomized validation process that prevents pronounced stakeholder control. Consensys highlighted other Ethereum properties, like the total cost of attack, slashing penalties, and increased security alongside environmental benefits, as elements for Ethereums prevention mechanism against fraud and manipulation.

Furthermore, Consensys noted that the blockchains decentralized community and transparency enhance its security protection. The blockchain company emphasized the advanced safeguards inherent in Ethereums design. It cited that such safeguards will meet and exceed the exemplary security and resilience safeguards underlying Bitcoin-based ETPs already approved by the SEC.

Consensys publicized plans to onboard billions of users to web3. The blockchain firm is furthering this mission through public advocacy on the pending Ethereum ETF approval. Hence, the comment letter is a step towards driving progress and providing relevant information to the public.

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Consensys Urges The SEC To Recognize Ethereum's Advanced Safeguards - TradingView

Ethereum price surged to $3,663 on March 26, up 20% from the monthly low recorded on March 19: market data shows investors have taken on a more optimistic outlook ahead of the Bitcoin halving.

Ethereum came within whiskers of dipping below $3,000 last week after the post Dencun Upgrade sell-off. But with the Bitcoin (BTC) halving drawing nearer, on-chain data shows a significant change ETH investors disposition.

After the wholesale sell-offs that heralded the Dencun upgrade, delays around the widely anticipated Ethereum ETFs, ETH price is now back in recovery phase with 20% gains on the weekly chart.

On-chain data trends suggest that the positive shift in ETH market momentum can be attributed to investors making strategic moves to front-run possible impacts of the Bitcoin halving scheduled for April 20.

Notably, since the Bitcoin halving countdown hit the 30-day mark on March 19, Ethereum investors have switched into a more conservative trading approach.

Cryptoquants exchange reserves metric tracks the number of coins currently deposited in crypto exchange hosted wallets and trading platforms. It serves as a proxy for tracking investors tendency to sell or seek profit-taking opportunities in the short term or otherwise.

As of March 19, investors held a total of 14.2 million ETH coins across various exchanges and trading platforms. But that figure has now declined by 200,000 ETH over the past week.

Persistent declines in exchange reserves can be a prime indicator that traders are looking to hold out and may be reluctant to sell, conditional on timeframe and/or market conditions.

The correlation between this shift in the 30-day Bitcoin halving countdown suggests that the landmark network event could be a key driver behind this shift in Ethereum investors disposition.

However, regardless of the catalyst, a decline in exchange reserves often impacts the underlying assets price positively.

Firstly, valued at the current prices, it essentially means that within the past week over $740 million worth of ETH coins have been transferred out of the immediate market supply into long-term cold storage options or staking contracts.

If demand remains steady and supply keeps shrinking, it puts upward pressure on prices. And unsurprisingly, ETH price has already surged 20% since the exchange outflows began on March 19.

Hence, if more existing ETH investors keep up the conservative outlook, the Ethereum price recovery phase could further accelerate in the days ahead.

Drawing insights from the $730 million decline in ETH market supply, Ethereum price appears poised for a breakout towards $4,000 ahead of the Bitcoin halving.

IntoTheBlocks In/Out of the Money chart also affirms this positive stance. ETH currently faces a major resistance cluster from 854,150 addresses that acquired 981,710 ETH at the maximum price of $3,758.

But the IOMAP chart below shows that 76.9% of all investors that bought ETH within the 20% boundaries of the current prices are in profitable positions.

Without any major macro pressures, the majority of them could be reluctant to sell, leaving the door open to a $4,000 rebound as predicted.

However, in the event of another market downturn, the bulls will likely set-up to defend the $3,500 psychological support.

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Ethereum Price Forecast: $4k Rebound before Bitcoin Halving? - crypto.news

Bitgert is making waves across the cryptocurrency industry due to the huge growth its experiencing. Its fast gaining momentum in this space due to the price progress it has achieved in recent years.

With over 100% growth in the last few months, speculations have been made regarding its future. It has been tipped by many investors to become a top coin, giving other major coins, like Ethereum, a run for their money.

Chances are high that this happens due to the solid structure on which Bitgert is built.

Bitgert operates via a mechanism called the Deflationary mechanism. This means that for every transaction conducted, a part of the transaction is burnt. This aggressive burning structure is one of the triggers to the continuous pump in the coins value.

This pump is noticed in the level of rise since the coins launch, marking over a 30,000% difference. Despite the launch, its market cap is still moderate, giving it a chance to pump even higher than it has achieved.

Several analysts have predicted it will outperform several top tokens soon.

Bitgert has shown some level of similarities with Ethereum in so many ways. Its compatibility with Ethereum Virtual Machine allows it to carry out blockchain contracts and supports Defi alongside NFTs. The structure with which Bitgert is built is centered on giving users the utmost blockchain experience, just as Ethereum is built. Both coins are also known to be of quality with massive potential in the future. It will be interesting to see what the future holds for both.

It is safe to say that Ethereum laid the foundation of smart contracts in the blockchain industry. However, it lacks in certain areas, which Bitgert has proven better at.

In terms of scalability, Bitgert has an edge with its zero gas fee compared to Ethereum and its high gas fee. This has made many investors opt for a better option and increased the performance of Bitgert.

Ethereum can not match the swift pace of carrying out transactions on Bitgert. This has drastically improved investors experience, making it easier to carry out transactions.

Bitgert is experiencing a flowing uptrend compared to Ethereum, which moves slower compared to Bitgert, making it quite evident as to why Bitgert is a better option.

Bitgert is clearly showing better potential than Ethereum. Comparisons on their individual market cap clearly show Bitgert has higher chances of going far beyond the moon, giving investors an excellent chance to make good returns. However, investors must carry out necessary research to gain better insight into the best option to follow.

To know more about Bitgert, Visit https://bitgert.com

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Excerpt from:

The Bitgert Coin Phenomenon: A Worthy Competitor to Ethereum - NewsBTC

Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG Get Free Report) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 20,600 shares, an increase of 164.1% from the February 29th total of 7,800 shares. Based on an average daily volume of 460,500 shares, the short-interest ratio is presently 0.0 days.

Shares of ETCG opened at $16.89 on Friday. Grayscale Ethereum Classic Trust has a 52 week low of $4.71 and a 52 week high of $19.35. The stock has a fifty day moving average of $13.67 and a 200-day moving average of $10.92.

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Grayscale Ethereum Classic Trust (ETC) (OTCMKTS:ETCG) Sees Significant Increase in Short Interest - Defense World