After soaring to a record high of $123,217 in mid-July, Bitcoin has hit a bit of turbulence as we step into August.
This pullback has understandably sparked some investor anxiety, with recent days seeing a surge in liquidations across the market. However, not everyone is panicking.
This level is often considered a key support zone in bull markets and suggests the correction could simply be a healthy reset before further upside.
All in all, with renewed calls to keep the faith in digital gold and buy the dip – as echoed by figures like Eric Trump – many experts are pointing to current price levels as a rare chance to accumulate at a discount.
But beyond Bitcoin itself, this could be the perfect time to explore low-cap, Bitcoin-themed altcoins, ones that might just outperform the granddaddy crypto in terms of raw returns in the coming months.
$HYPER’s masterplan is to build a brand-new Layer 2 on Bitcoin and integrate it with the Solana Virtual Machine (SVM), which is a high-performance runtime that powers Solana’s blazing-fast blockchain ecosystem.
In simple terms, the SVM will bring Solana-level performance to Bitcoin, allowing developers to build and deploy smart contracts, dApps, and other Web3 protocols with lightning-fast speed and low fees.
Why does this matter? Because Bitcoin today is painfully slow and nearly unusable for Web3 development. It can handle only about seven transactions per second, while Solana processes 2,000 to 3,000 TPS.
$HYPER wants to change that, making Bitcoin scalable, programmable, and ready for real-world adoption.
While the SVM provides the Web3 foundation, it’s the decentralized, non-custodial canonical bridge that connects Bitcoin’s Layer 1 to Hyper’s Layer 2, acting as the key infrastructure for cross-layer interaction.
This bridge allows users to convert native $BTC into ‘wrapped’ $BTC, making it compatible with Layer 2 and giving full access to the SVM-powered ecosystem.
In simple terms, this canonical bridge is what lets you interact with Layer 2 Web3 apps while staying connected to Bitcoin. These apps include staking and lending platforms, NFT marketplaces, high-speed DeFi trading, swapping protocols, and blockchain games.
The best part? $HYPER is still in presale, which means you can get in early at some of the lowest prices. Right now, each token is just $0.0125, and the project has already raised over $6.7M in early funding.
Disclaimer: This article is not financial advice. The crypto market is highly unpredictable, so kindly only invest after doing your own research.
