DeFi is slowly taking over the world. Not surprisingly, the Binance Smart Chain team is working on building their own DeFi system. Such a system will facilitate the placement of new coins on the platform and increase the liquidity of BEP-20 tokens.
What is Bitrise
In the summer of 2021, the Bitrise protocol was launched on Binance Smart Chain (BSC) with its native BRISE token for this purpose. The token recently surged 1000% and has become one of the fastest growing assets to date.
Bitrise is a crypto engineering organization that specializes in blockchain products. The BRISE token is intended to be used as a peer-to-peer service in payment systems. Fast and secure transactions using the dApp wallet will be completed with zero fees.
Bitrise price analysis
The Bitrise token started on the market at $0.0000000015. The influx of new project participants became a stimulus for the price growth, and in mid-August the token was already worth $0.0000004.
The new asset failed to stay at the peak, the price quickly fell and stabilized at a level twice the starting one. In October, there was another attempt to break above $0.0000001, and in mid-November, the coin reached an all-time high of $0.00000072.
At the time of writing, the coin is trading at $0.00000046, which is a very significant achievement for a project that has only been around for a few months.
The Bitrise token is created as a hyperdeflationary asset. After its launch, the developers destroyed 50% of the tokens. The remaining amount is distributed as follows: 38% of the tokens are sent to the liquidity pool, 7% are intended for the further development of the project, 5% remain with the developers. A buyback smart contract has been launched in Bitrise.
Bitrise Token Price Prediction (BRISE)
Bitrise token price prediction is very difficult to do. First of all, there is too little historical data for this. We are talking not only about the reactions of the token to the general pricing factors, but also about the purely technological aspects of the functioning of the platform.
There are many stories of rapid ups and downs in the history of cryptocurrencies. It is most likely that the price of the new altcoin will repeat the general market patterns. Price movement ranges are almost unpredictable at the moment, as the project is in its infancy.
BRISE Price Prediction for 2022
It is likely that during 2022 the price of the token may rise to $0.000052. Growth rates will largely be determined by the further actions of the team and the global market situation.
BRISE Price Prediction for 2026-27
Based on the general trend towards the growth of the cryptocurrency market, we should expect further strengthening of BRISE. If the current growth rate is maintained, it is likely that within 5 years the price of the token will reach the level of $0.05.
It is worth considering that analysts call Solana, a coin that has become one of the highlights of 2021, the closest competitor to Bitrise. Experts note that Bitrise is already surpassing Solana in terms of development. Within a month of the launch of the token, the team introduced its first products Techrate Audit, Bitrise Audits and the Bitrise dApp wallet.
Where to buy Bitrise
At the time of writing, Bitrise is traded on BlinSwap, Lbank, IndoEX and several other exchanges.
Is it worth investing in Bitrise
All cryptocurrencies are classified as high-risk assets. For coins at such early stages of development, the risks increase many times over. Due to the very low price, Bitrise looks very attractive for long-term investments. Before making an investment decision, study all the available information about the coin and follow it for a while. And it goes without saying, do not rush to invest too much in it.