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Growing by 8.27% over the past seven days, Bitcoin (BTC) peaked above $118,856 on July 11th, setting a new all-time high (ATH).
As the leading cryptocurrency appears ready to grow even further, a project currently in its presale, Bitcoin Hyper (HYPER), aims to permanently transform Bitcoin from primarily a store of value into a versatile blockchain.
The project’s ambitious goal saw its meme token presale rake in $2.3 million in early investments, as investors show increasing interest in HYPER.
This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.
Bitcoin Briefly Became the World’s Fifth-Largest Asset – Can It Grow Further?
Following Bitcoin’s push to nearly $119,000, its market cap stood at $2.362 trillion, positioning it above Amazon and making it the fifth most valuable asset today. Although its retracement below the $118,000 mark returned it to the sixth position on the list, the largest cryptocurrency by market cap stands a strong chance of overtaking Amazon again.
According to Fundstrat’s head of research, Tom Lee, Bitcoin even has a chance at competing with gold, which is currently valued at $22.584 trillion. That’s because he considers Bitcoin a better hedge against currencies, especially once it becomes more widely used. Tom Lee believes Bitcoin is poised to reach a per-token price of $250,000 by the end of 2025, forecasting a surge to above $3 million in the future.
Beyond an optimistic long-term outlook for Bitcoin, the leading cryptocurrency is showing explosive potential in the short term.
Analyzing Bitcoin’s key moving averages shows that its 50-day Simple Moving Average (SMA) of $106,816 is positioned above its 200-day SMA of $88,348, forming a Golden Cross. This crossover is often seen as a confirmation of a token’s potential to achieve sustained growth, which could take BTC far above its newly reached ATH.
However, crypto expert Altcoin Gordon believes BTC’s further growth will have to be preceded by a healthy correction. He anticipates a surge to $120,000 and a dip back to $115,000 before its next leg up.
Bitcoin’s move into overbought territory, with its Relative Strength Index (RSI) currently at 70.77, supports the expert’s prediction. If Altcoin Gordon’s predictions come true, Bitcoin could surge to $148,000 just weeks after it breaks through the $120,000 level resistance.
One of the main drivers behind Bitcoin’s rampant growth potential is increasing institutional adoption that converges with a shrinking supply. Chart analysts from Coinvo pointed out that the rate at which Bitcoin’s supply is dropping has significantly increased, with the supply on exchanges dipping below 15% for the first time in seven years.
If demand continues to outpace supply, Bitcoin could deliver stunning gains this year, and Bitcoin Hyper is preparing to help investors capitalize on that.
Bitcoin Hyper Seeks to Unlock Bitcoin’s Full Potential
Although Bitcoin achieves impressive results, its vast on-chain liquidity remains largely untapped, and the Bitcoin Hyper presale project seeks to change that.
By integrating Solana Virtual Machine (SVM) technology, Bitcoin Hyper is bringing scalable smart contracts, including DeFi, dApps, meme coins, and NFTs, to Bitcoin.
Bitcoin Hyper’s native token, HYPER, priced at $0.012225 during the current presale stage, will be at the forefront of its ecosystem. Although a meme coin, HYPER will grant its holders exclusive access to various DeFi protocols and dApps that emerge.
To make these innovations possible, Bitcoin Hyper will introduce a Bitcoin Layer 2 solution that leverages rollups to process bundled transactions externally. That means Bitcoin Hyper’s release could result in much faster transaction speeds with significantly lower fees, making BTC a viable choice for microtransactions and payments.
Users looking to use their BTC in Bitcoin Hyper’s growing ecosystem will be able to swap their BTC for wrapped BTC via the project’s Canonical Bridge.
Praising the project’s innovative approach to the market, presale analysts from 99Bitcoins are confident that big gains are ahead for HYPER’s early backers. Highlighting that the presale raised over $2.3 million in just two months, the experts believe Bitcoin Hyper’s debut will be explosive, expecting 10x gains on launch.
This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.
Nikolay is a crypto enthusiast, with a keen interest in emerging technologies and investment strategies. He holds active positions across various crypto exchanges, regularly analyzing and investing in promising new projects and meme cryptos. Nikolay is known for his ability to take calculated risks and extract value from unconventional investments, with his highest return being 13X with the $PEPE token.
His investment philosophy includes a strategic approach focused on long-term growth, supported by in-depth research of market trends and innovations in crypto and blockchain technologies. Niki actively monitors global market changes and has a deep understanding of cryptocurrency mechanisms and their potential for development.