Quick Facts:
- 1️⃣ Bitcoin’s price has stabilized recently and is currently trading at around $113K, with the potential to go up depending on the outcome of today’s US Fed meeting.
- 2️⃣ While Bitcoin is the world’s most valuable cryptocurrency, it has fundamental limitations, including slow and expensive transactions, as well as limited utility.
- 3️⃣ Bitcoin Hyper ($HYPER) wants to solve these issues through its Layer-2 network.
- 4️⃣ To date, the Bitcoin Hyper presale has raised over $25.1M, making it one of the year’s best crypto presales.
Currently trading at $113K, Bitcoin ($BTC) may be far from the $126K ATH it set just two weeks ago, but the price is at least stable for now.
With the US Federal Reserve meeting today, however, things could go into a frenzy again, especially if the meeting ends with a fresh round of rate cuts. Then, all bets are off for the world’s largest cryptocurrency again, potentially leading to yet another rally.
What many aren’t aware of, though, is that Bitcoin still has untapped potential considering its status. This is what Bitcoin Hyper ($HYPER) is looking to unlock, which could further drive up Bitcoin’s value in the future.
The Trouble with the Bitcoin Blockchain
The Bitcoin blockchain is notoriously slow, as it can only process up to seven transactions per second (TPS). Now, compare it to the Solana blockchain, for example, which can handle up to 65K, and you’ll see where the problem lies.
Because of its snail-like pace, transactions on the Bitcoin blockchain tend to be super expensive too. It’s no wonder, then, that developers typically choose Solana to launch the
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Author: Bogdan Patru
