With ‘Uptober’ just around the corner (literally tomorrow), anticipation is building for what could be a pivotal moment for $BTC.
October is historically one of the strongest months for the world’s largest crypto, with average returns at 21.89%.
So, what better time for the Bitcoin Hyper Layer-2 (L2) to soon go live? Suppose this peak demand takes shape, it could position itself as a go-to solution for scaling Bitcoin, precisely when the network needs it most.
It’s no surprise, then, that whales have latched on. Just yesterday, three invested $113.8K, $109.9K, and $105.4K into the ecosystem’s $HYPER presale, signaling strong confidence in the L2’s potential.
Suppose this demand continues, $HYPER might even become the next 1000x crypto.
$BTC Rockets 4.5% in One Month, Before Possible October Rally
Since last month, $BTC has jumped by over 4.5%, a sign that bullish momentum may already be on the way.
Yes, $BTC has plummeted from $114K to $113K since just yesterday. But it’s not all doom and gloom for the #1 crypto.
Even during the most challenging market cycles, October is often a turning point where $BTC sentiment flips from bearish to bullish.
Take 2023 as a prime example. After a modest 3.91% gain in September, it soared by 28.52% the following month.
Given this, it’s no wonder that institutions are positioning themselves for what might be another legendary spike.
Just yesterday, Michael Saylor announced that his firm – Strategy (formerly MicroStrategy) – has acquired an additional 196 $BTC, worth roughly $221M.
As of September, Strategy now holds an eye-boggling 640,031 $BTC valued at $47.35B+. The average price per token is approximately $73,983.
Strategy isn’t the only public company acquiring sizable amounts of $BTC in the hope of capitalizing on the next bull run.
Over the past 30 days, MARA Holdings has boosted its stack to 52,477 $BTC valued at nearly $5.94B.
XXI also bets big on the crypto leader jumping to greater heights. In total, it owns 43,515 $BTC, currently worth around $4.92B.
When firms commit billions to $BTC, it validates the asset’s role as a store of value as opposed to being yet another speculative asset.
In turn, they fuel demand for $BTC and boost market confidence. But there’s a hitch: as the coin’s popularity surges and transaction volumes increase, the network often faces mounting pressure.
Bitcoin Processes Fees 43%+ Slower Than Ethereum
Bitcoin’s no stranger to scalability challenges. Today, the network can process just 12.47 transactions per second (tps), 43.32% lower than Ethereum’s 22.01 tps.
Even at its record level, Bitcoin has only managed 13.2 tps – a far cry from Ethereum’s 62.34 tps and nowhere near Solana’s 65K tps.
The network’s limited throughput often causes higher gas costs during peak activity. Following the halving event last October, average transaction fees rose as high as $8.36 one month later.
While fees have since dropped to just $0.84, they’re still no stranger to fluctuating. This makes it tricky for everyday traders to rely on Bitcoin for everyday transactions.
The bridge achieves this by enabling $BTC to move seamlessly between the Bitcoin base layer and the Hyper L2 ecosystem. And once bridged, $BTC can interact directly with smart contracts, dApps, and liquidity protocols.
$HYPER Fuels L2 Growth & 61% Staking Rewards
$HYPER is behind the entire Hyper ecosystem, supercharging every inch of its utility and growth.
A sizable 30% of its total token supply is allocated to fund development, after all. Also fueling its long-term growth is an additional 25% of $HYPER being earmarked for the ecosystem treasury.
Holding $HYPER doesn’t only mean you’ll contribute to the project’s sustainability; it also unlocks meaningful utility.
By purchasing $HYPER on presale – now available for $0.013005 – you’ll gain governance rights, enjoy reduced gas fees, and stake your token at a 61% APY.
But time is of the essence: the APY will nosedive as more investors lock up their tokens. So, now’s an opportune moment to start staking $HYPER for the greatest possible gains.
Our Bitcoin Hyper price prediction also anticipates $HYPER to break $0.32 this year, after being listed on major CEXs.
Want to position yourself for possible 20x returns? Join Bitcoin Hyper.
We’re not financial advisors. Always do your own research and never invest more than you’d be sad to lose.
Authored by Leah Waters, Bitcoinist – https://bitcoinist.com/bitcoin-bull-surge-close-as-whale-buys-329k-bitcoin-hyper
