It’s been a tough two weeks for Bitcoin ($BTC) since reaching a new ATH at $124K. However, the bull run may not be over yet, according to some analysts, with a rebound to $117K still on the table.
A rally by the world’s most valuable cryptocurrency will be a definite boon for projects that build on its blockchain. That includes Bitcoin Hyper ($HYPER), whose presale is heating up with nearly $12.5M raised.
Bitcoin has been down by nearly 5% in the last month, based on CoinMarketCap data. This comes just two weeks after it hit a new ATH at $124K. It’s been downhill from there, except for a brief jump to $117K late last week.
The coin, which is currently trading at around $113K, could yet rebound to $117K, according to crypto analyst BitBull on X. $BTC must hold its current level, though, to make it happen.
According to the analyst, $BTC is 144 weeks into its current bull run, inching closer to the previous one that lasted 152 weeks. If history repeats itself, tough times could be ahead.
However, there are two critical differences between the past and current bull runs: institutional investors and a crypto-friendly US government.
These factors have helped establish Bitcoin and other cryptocurrencies as legitimate assets rather than the niche product they were in the past, and have driven increased confidence and adoption this year.
Growing interest in Bitcoin will attract more traders to projects that build upon its ecosystem. In particular, those that make $BTC transactions faster and cheaper.
Take Bitcoin Hyper ($HYPER), a presale project that aims to build a Bitcoin Layer 2 that delivers Solana-level speeds and low transaction fees to the Bitcoin ecosystem.
It’s no secret that the Bitcoin blockchain is notoriously slow. While Bitcoin’s slower transaction speed is an intentional design choice to maximize trust and resilience, it makes the chain ill-suited to high-speed transactions and increases transaction costs.
That’s why Layer 2 solutions like the Bitcoin Hyper are so welcome: to speed things up without compromising Bitcoin’s core principles.
Aside from that, $HYPER expands $BTC’s capability, allowing it to be used for more applications like staking and interacting with dApps.
The project’s powerful pitch has seen it raise nearly $12.5M in its ongoing crypto presale.
Once the L2 launches, those who purchase the token in presale can use it for various purposes, like paying for gas fees and unlocking exclusive features and benefits. These include governance rights to shape the project’s future.
To get your $HYPER token, head on to the Bitcoin Hyper presale page, connect your crypto wallet, and buy. The platform accepts credit/debit cards as well as crypto payments.
If you want, you can also stake your tokens and enjoy rewards at 89% p.a.
Priced at $0.012815 each, $HYPER tokens will see another price increase in less than 24 hours, so the sooner you buy, the better.
Join the Bitcoin Hyper presale.
As always, it’s difficult to predict how an asset will perform in the future. But now, the consensus is that Bitcoin will continue its bull run despite its slump. That’s because, unlike before, institutional investors and governments now fully embrace it, which should prop up adoption.
Bitcoin Hyper ($HYPER) can only benefit from Bitcoin’s recovery. Its ongoing token presale has already raised nearly $12.5M, which signals investor confidence in the project’s promise and in Bitcoin in general.
