Bitcoin Hyper Presale Nears $24M Amid Whale Purchases
Key Points:
- Bitcoin's price has fallen near the $100K mark, facing volatility after peaking above $120K twice in recent months.
- The decline is partly due to a market reaction from geopolitical events, leading to significant liquidation of leveraged crypto positions.
- Investors are shifting interest towards smaller projects like Bitcoin Hyper, which aims to improve Bitcoin’s scalability issues.
- Bitcoin Hyper is a Layer-2 solution using Solana Virtual Machine (SVM) for faster transaction processing of https://holder.io/coins/btc/.
- The project uses a Canonical Bridge to manage transactions on Layer-2 while keeping original https://holder.io/coins/btc/ secure on Layer-1.
- The $HYPER presale has raised nearly $24M, showing substantial interest with notable purchases by whales.
- $HYPER offers features like lower trading fees, access to Bitcoin DAO, and smart contract capabilities.
The initiative aims to scale Bitcoin significantly by handling more users on its network without overburdening the primary blockchain. The $HYPER token could see potential growth if the Layer-2 network is successfully deployed by 2025.