Bitcoin has fallen below $115,000 on Friday for only the second time since creating an all-time high (ATH) in mid-July. Concerns are mounting on whether this move will retain support above $114,000 as it did last time, or whether it will continue into new local lows.
But as capital rotates out of Bitcoin, investors are moving into alternative assets, such as Bitcoin Hyper. The project is building a new Bitcoin layer 2 blockchain that prioritizes scalability without sacrificing security, an approach that directly addresses Bitcoin’s core pitfalls without compromising on its strengths.
Currently undergoing a presale, Bitcoin Hyper has raised $6.3 million so far, showing incredible early momentum. Could the project’s L2 infrastructure help Bitcoin get back on track in the months ahead?
Bitcoin declines as traders rotate to altcoins
Having hit a new ATH of $123,000 in July, earlier Bitcoin buyers have begun taking money off the table. This is due to swelling interest in other crypto assets, but only worsened on Thursday as trade war tensions resurfaced due to Trump announcing fresh tariffs on over 60 countries.
Bitcoin is now down 6.7% from its 14 July record high, with CryptoQuant reporting that it just saw its third major profit-taking wave of this market cycle, with between $6 and $8 billion worth of gains realized in July. This is exemplified in Bitcoin ETF flows, which have seen 4 days of outflows over the past 14 days.
In comparison, spot Ethereum ETFs have just extended their inflow streak to 20 days, a clear signal that investors are looking outside of Bitcoin to maximize returns at this stage in the market cycle.
That’s also why Bitcoin Hyper is proving popular right now. The project is tackling Bitcoin’s main issues of slow speeds, high fees, and lack of functionality – and it’s doing so with ZK-rollups and Solana Virtual Machine (SVM) tooling, an approach that no other scaling solution has used before.
This makes Bitcoin Hyper an attractive and logical alternative for Bitcoin profit takers. Through the use of ZK-rollups and its canonical bridge, the project retains Bitcoin’s security and decentralization benefits while also ushering in ultra-high scalability and smart contract support. It’s a setup that some respected traders suggest could lead to substantial gains.
Could Bitcoin Hyper help Bitcoin soar to $200K?
While Bitcoin Hyper has attracted capital inflows during Bitcoin’s recent bearish period, it’s not trying to be a “Bitcoin Killer.” Instead, it’s amplifying Bitcoin’s benefits and bringing them to the DeFi and wider crypto world.
Built using the Solana Virtual Machine, Solana developers can port their apps and tokens to the Bitcoin Hyper network in minutes – no new coding languages or wrappers required.
Solana is the world’s most active blockchain, boasting 70 million users, all of whom will soon be able to seamlessly tap into Bitcoin Hyper and experience Bitcoin’s full security and liquidity benefits.
If nothing else, this is another weapon in Bitcoin’s arsenal that could well contribute toward more growth this year. But judging by the recent profit-taking, it might be precisely what Bitcoin needs right now to rekindle bullish momentum.
There’s also speculation that the Bitcoin Hyper price is gearing to explode, given its presale success. Umar Khan even speculates that up to 1,000x gains could be on the table.
Such returns are rare – even in the altcoin market – but Bitcoin Hyper’s robust use case and the potential liquidity flows from $BTC indeed indicate it could generate above-average gains this year.
Bitcoin Hyper presale & staking information
The Bitcoin Hyper presale’s total raise sits at $6.3 million, with approximately $300,000 coming in the past 24 hours alone. In the opening weeks, it was averaging below $50,000 in daily inflows. This reflects the project’s rising appeal among investors and fuels its bullish outlook.
The $HYPER presale price will rise throughout the campaign, with the next uptick in less than one day. These increases are expected to occur every two days, incentivizing investors to join early.
Bitcoin Hyper’s presale also offers staking rewards, which are currently valued at a 166% annual percentage yield. Over 300 million $HYPER are staked at the time of writing.
As capital rotates out of Bitcoin, its new layer 2 blockchain, Bitcoin Hyper, is reaping the benefits.
Its technological approach could help Bitcoin get back on track, potentially contributing to its ascent to $200,000 this year. However, the $HYPER token itself would likely be the biggest winner in that scenario due to its current low market capitalization.
While 1,000x gains may be a stretch, 10x or possibly even 100x gains certainly should not be ruled out, especially if Bitcoin hits $200,000.
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