Bitcoin ($BTC) believers rejoice – the world’s most valuable cryptocurrency could pump to $200K in the final quarter of the year, according to crypto analytics firm CryptoQuant.
As popular and highly valuable as Bitcoin is, it has fundamental issues that can’t be fixed by rewriting its code. To make it secure, its code is highly simplified, which comes at the cost of scalability. As such, you can’t use it other than as a store of value.
In addition, the L2 will feature a Canonical Bridge, which will allow you to transfer your $BTC to the Bitcoin Hyper layer. By doing so, you’ll finally be able to unlock other applications for your coin, including meme coins, staking, trading, and interacting with dApps.
When the L2 launches, its native $HYPER tokens will be used to pay for gas fees. Plus, holding it will allow you to enjoy governance rights and unlock exclusive features.
You can also stake your tokens if you prefer. At the moment, you can enjoy 60% p.a. staking rewards, although this can still change as more investors lock their tokens in the staking pool.
That right there is solid proof that investors – retail and whales alike – see huge potential in the Bitcoin Hyper project.
After all, with $BTC showing no signs of slowing down, Bitcoin Hyper is well-positioned to draw in more investors to help build the next phase of the Bitcoin ecosystem.
