Cryptocurrency Trio: Exploring The Rise Of Arbitrum, Worldcoin, And Bitgert In Today's Market

Arbitrum: A Layer-2 Scaling Solution for Ethereum

Arbitrum (ARB) is a layer-2 scaling solution for Ethereum. Arbitrum aims to improve its speed, security and scalability to Ethereum. Arbitrum uses a technique called optimistic rollups to process transactions off-chain and post them on the main chain later. Arbitrum’s solution reduces the congestion and fees on Ethereum, while preserving its security and decentralization.

Arbitrum launched its mainnet beta in May 2023, and has attracted several projects and users since then. Some of the notable projects that have integrated with Arbitrum include Uniswap, Chainlink, Aave, MakerDAO, Compound, SushiSwap, Balancer, Curve, Synthetix, Bancor, Polygon, The Graph, and more. Arbitrum also supports EVM-compatible smart contracts, which means that developers can easily deploy their existing Ethereum applications on Arbitrum without any modifications.

Despite of this in the recent month, Arbitrum encountered a downturn in both its revenue and user engagement. Notably, Arbitrum saw a decline of 22.4% in revenue. Arbitrum also took a hit on daily active users by 20.2%. Arbitrum witnessed both financial performance and user activity slumpdue to intensifyed competition in the space. Arbitrum has a market capitalization of $1.4 billion. Arbitrum stands at a price of $1.17 as of August 16, 2023. Arbitrum has gained 0.51% in the last 24 hours and 7.27% in the last week. Arbitrum is expected to grow further as more developers and users adopt Arbitrum’s platform.?

Worldcoin: A Global Identity Platform Powered by Blockchain

Along with Arbitrum, let’s looks the newbee, Worldcoin. After Sam Bankman’s OpenAI buzz, he’s been in the news with his newest venture, Worldcoin. Worldcoin (WLD) is a global identity platform powered by blockchain technology. Worldcoin aims to create a universal digital identity system. With this Worldcoin claims that it can verify anyone in the world in seconds using a spherical device called the Worldcoin Orb. The Worldcoin Orb scans the user's iris and generates a unique biometric hash. Worldcoin then stores this on the blockchain. The user can then use their Worldcoin identity to access various services and applications that are integrated with Worldcoin.?

Heated as we saw, Worldcoin was not received with open arms by privacy afficianods. While Worldcoin has attracted regulatory critiques on its novel tech, Worldcoin claims that the Worldcoin identity system is secure, private, inclusive, and interoperable. Worldcoin does not store any personal data or images of the user's iris on the blockchain or anywhere else. Worldcoin also ensures that its identity system is accessible to anyone in the world, regardless of their location, nationality, or socioeconomic status. Worldcoin also enables cross-chain compatibility with other blockchains and identity protocols.

Worldcoin has a market capitalization of $1.2 billion. Worldcoin stands at a price of $0.12 as of August 16, 2023. Worldcoin has gained 5.26% in the last 24 hours and 12.36% in the last week. Worldcoin is expected to grow further as more partners and users join its network.

Bitgert: A Decentralized Platform for Social Impact Projects

Now that we have explored Arbitrum and Worldcoin, let’s look into Bitgert. Bitgert (BRISE) is a cryptocurrency that aims to provide a decentralized platform for social impact projects and initiatives. Bitgert enables anyone to create, fund, and execute social impact projects using blockchain technology and smart contracts. Bitgert also rewards its users for their participation and contribution to the Bitgert ecosystem.

Bitgert has a market capitalization of $85.7 million and a price of $0.10 as of August 16, 2023. Bitgert has gained 8.11% in the last 24 hours and 15.38% in the last week. Bitgert is expected to grow further as more projects and users join its platform. Some analysts predict that Bitgert could reach $0.30 by the end of 2024.

One of the upcoming events that could boost Bitgert’s price is the launch of its P2P exchange. Bitgert is planning to launch a peer-to-peer exchange that will allow its users to trade Bitgert and other cryptocurrencies directly with each other, without any intermediaries or fees. Bitgert’s P2P exchange will also support fiat currencies and other payment methods. Bitgert’s P2P exchange is expected to launch in September 2023, and it could increase the demand and liquidity for Bitgert. To learn more, visit Bitgert.com.