All indications point one way – the Uptober rally has begun.
We’re not just talking about $BTC’s steep climb since Tuesday, with eyes set on $120K and potentially a new all-time high. Another top crypto has been giving clear signs of a market surge.
Bitcoin took over the world promising a decentralized currency, but it’s nowhere close to accomplishing that dream.
While the decentralization part is covered, we can’t even think of using $BTC for everyday payments. Let’s say you’re at a movie theater. By the time you’ve confirmed your $BTC payment, the movie could already be halfway through, depending on how busy and congested the market is.
Bitcoin is an excellent store of value, but it still has a long way to go before achieving mainstream adoption in finance.
As for Web3 adoption, sadlyBitcoin falls short here, too. It lacks the speed and programmability that Web3 demands. The blockchain is largely incompatible with DeFi, NFTs, and a wide range of other decentralized applications.
Bitcoin Hyper’s working mechanism is cleverly simple. It’s easy to understand and easy to use, as shown below:
Bitcoin Hyper’s core function will be to move transactions off the base Bitcoin Layer-1 and process them on its Layer 2 instead.
The SVM, on the other hand, will bring Solana-level performance to the network. Although similar to Ethereum’s EVM, SVM is optimized for speed and scalability. So transactions on Bitcoin Hyper could potentially be even faster than those on Solana at times.
This is how Bitcoin Hyper plans to reduce congestion and transaction fees, making $BTC suitable for everyday micropayments – whether at your neighborhood grocery store or on a crypto gaming platform.
Bitcoin has been trading sideways for the past few weeks, but key factors are lining up for the next bull surge.
The US government has shut down after lawmakers failed to agree on a spending bill. Political gridlock typically deters investors from traditional markets like stocks and bonds.
More momentum is in store, as Bitcoin taps into its growing perception as a hedge against inflation and political turbulence. The declining traditional economy is expected to channel more capital to the crypto market this quarter.
That said, altcoins with smaller market caps and bigger ambitions could actually outperform $BTC in the unfolding bull market.
In the upcoming phase, the focus shifts to optimized sequencing anchored to $BTC, stronger dev workflows for SVM contracts, RPC/indexers/explorers for smooth infra, and a pathway for early builders before mainnet.
We’re not surprised. $HYPER is packed with utility, and with the lion’s share (30%) of its total token supply allocated to development, there’s a strong chance that this Layer-2 will make good on its promises. And investors are paying attention.
Being a presale, though, the price increases in stages, while the APY lowers as more holders stake their tokens. In other words, time is of the essence.
