Gregory Pudovsky
Published: September 28, 2024 at 7:54 am Updated: September 28, 2024 at 7:54 am
The crypto market has been witnessing positive movement in the last couple of weeks, which has led to many investors making certain strategic choices. One interesting observation by the experts was that more and more Render Coin investors are moving to Bitgert for better gains.
Both Render and Bitgert have significant potential, but let’s compare them in several key aspects to see why investors will prefer the latter in 2024.
Render vs Bitgert
Technology and Utility
Render Coin pitches itself as a niche token by decentralizing GPU rendering for artists and content creators. Heavy demand for its rendering services will put it into a distinct position in the crypto space, but this very narrow focus heavily limits its overall utility.
Moreover, Render Coin relies on the Ethereum network, which is infamous for having gas fees and limiting scalability, making transactions more expensive for users.
Bitgert, on the other hand, has a much more elevated base of technology. Bitgert operates on its own Brise Chain and has Proof of Authority (PoA) as its consensus mechanism. This allows Bitgert to support transactions at 100,000 per second. Unlike Render Coin, whose utility is reserved strictly for one industry, Bitgert supports many dApps, DeFi, and payment solutions, which attract a much larger number of people.
Ecosystem and Growth Potential of Bitgert and Render
Render Coin’s ecosystem is relatively niche and limited. Although the decentralized rendering model holds great potential, it unfortunately has a lack of diversity, and investors may look for more.
Moreover, Render is very dependent on the adoption by creators and developers within the 3D rendering space. As a result, there are strict limits to its scalability outside this industry.
However, the case with Bitgert is quite different. It has a diversified ecosystem with a wide range of products. Moreover, Bitgert has processed over 47 million transactions, and its community size is more than 800K members. Growing at rocket speed, it has a diversification approach and positioned for more widespread adoption in the market and scalability across several industries, in opposition to Render Coin’s niche focus.
Market Dynamics and Future Prospects
Although Render Coin has seen phenomenal price action recently, it is still very speculative and dependent on greater adoption within the rendering industry. Also, Render’s dependence on the Ethereum network subjects it to market conditions and congestion issues on Ethereum.
On the other hand, Bitgert has a better prospect for long-term growth in terms of scalability, low cost of transactions, and active development. The deflationary tokenomics combined with price stability by means of manual burns and buybacks attract long-term investors for steady growth in price.
Why Is Bitgert Better Than Render?
While Render Coin opens a new frontier in decentralized rendering, Bitgert offers a much wider scope and a much quicker pace of transactions, meaning greater scalability. Thus, for investors looking for long-term growth and diversification, Bitgert seems to hold a better potential investment position than Render.
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Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
More articles
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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