Senior trader Peter Brandt has warned that Bitcoin could face a significant 71% drop, potentially falling to $25,000 from its current levels. Despite this bearish outlook, a new Layer-2 project, Bitcoin Hyper, aims to enhance Bitcoin's adoption and functionality.
Bitcoin Hyper is developing a Layer-2 solution utilizing SVM technology to enable faster transactions. The project has successfully raised $29.5 million in its presale, attracting 29,500 participants. It employs a dual-token model, using BTC for settlement and HYPER for execution, with the goal of making Bitcoin a more functional currency through a BTC bridge on Layer-2.
Bitcoin Faces Potential 71% Drop, Layer-2 Project Aims to Boost Adoption
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