By Jamie - Crypto expert - 02-12-2021
The Platform as a Service (PaaS) protocol, Bitrise has been receiving a lot of attention as of lately. It’s recent rise in popularity across the crypto community is due to Bitrise drastically and suddenly rising in price. The price to buy crypto token Bitrise has outshined many of the largest cryptocurrencies in the market. To put it into perspective, Bitrise is only a 4-month-old project, many crypto market investments typically take much longer than a few months to see market growth. In many discussions across the crypto side of the internet, investors have been comparing Bitrise to other cryptocurrencies. Surprisingly, crypto traders are comparing Bitrise to a meme-coin dubbed Saitama Inu. The comparison is due to the meme currency also being a fast growing token and alike Bitrise, was seen as the potential next-best-thing after Bitcoin (BTC). However, Saitama Inu had its growth delayed as the FBI has released a warning on buying crypto token Saitama Inu. The warning is said to be one of the factors that is helping Bitrise grow faster as investors look for new fast-growing cryptocurrencies in the market.
Unlike Saitama Inu, Bitrise is a Decentralised Finance (DeFi) project that is issued on the Binance Smart Chain. One of the main reasons as to why the meme coin fans have been moving on to Bitrise is due to it being backed by decentralised and speedily developing technology. An example of the projects fast development is that within three months after the tokens debut on Binance Smart Chain, the team behind the cryptocurrency has brought out new products to expand its ecosystem. The new expansions include Techrate Audi, Bitrise Audits, and a decentralised-application (dApp) wallet to be used through the network.