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As one of the biggest gainers among crypto frontrunners, Ripples XRP saw a historic bull run above the $3.6 level, shattering its previous all-time high (ATH) to enter into price discovery. The altcoins meteoric rise of more than 60% over the past month has helped it firmly establish a position as the third-largest crypto by market cap.
Web3 experts attribute the rally to increasing regulatory clarity from Washington and a surge of institutional interest in its issuer, Ripple. But as seen with Bitcoin over this week, a profit-taking phase could follow the ATH, and many traders have already begun to scout for the next big opportunity in the market.
One candidate drawing huge attention is Bitcoin Hyper (HYPER), a Bitcoin Layer-2 project whose presale has quickly raised $3.3 million as the market rises and crypto prices soar. Analysts are predicting HYPER investors could be the next big winners of the current bull cycle, as Bitcoin is ready to unleash its full potential once more.
XRP Hits Record High as Major US Crypto Bills Pass House Vote
Major policy wins in the US have been a key factor behind XRPs recent rally. On July 17, the US House of Representatives passed three major crypto bills: the GENIUS Act, CLARITY Act, and Anti-CBDC Act, with broad bipartisan support.
The GENIUS Act sets out rules for stablecoin issuance, including full reserve backing, regular audits, and a licensing framework. The passage of the bill has now increased expectations that Ripples own stablecoin (RLUSD) will benefit from this compliant environment, driving more utility to XRP transactions.
Beyond the regulatory tailwind, concrete institutional moves have further fueled the altcoins growth. For instance, Nasdaq-listed firms Webus International and VivoPower announced strategic plans to acquire $300 million and $121 million worth of XRP, respectively, as reserve assets.
A confluence of these factors has helped XRP find a record high above the $3.6 mark on July 18. Hitting a new peak shows that buyers are still in control, pushing XRP into a price discovery phase. This is why popular market commentator Ali Martinez is bullish on the coins future.
On July 17, Martinez mentioned that XRPs Market ValuetoRealized Value (MVRV) ratio produced a rare golden cross on the chart. A golden cross is when the short-term MVRV trend crosses above the long-term trend, hinting at renewed bullish momentum.
Meanwhile, traders are also monitoring the altcoins technical indicators for signs of overextension, with XRPs Relative Strength Index (RSI) indicator having jumped above the 80 mark. An RSI above 70 generally signals the asset is in overbought territory, which often precedes a price cooldown.
Thats why traders who are looking to stay one step ahead are already rotating profits from XRP into a promising new early-stage project called Bitcoin Hyper in search of even higher returns.
Why Traders Are Betting on Bitcoin Hyper as Next Big Crypto Winner
Bitcoin Hyper is a Layer-2 scaling solution that aims to supercharge Bitcoin by using Solanas tech to drastically boost transaction speed and throughput. By integrating the Solana Virtual Machine (SVM) into its L2 network, Bitcoin Hyper will also offer a high-performance environment for executing smart contracts and dApps that settle back to the Bitcoin mainnet.
A trustless canonical bridge will link this Layer 2 with Bitcoins chain, allowing users to deposit BTC and mint equivalent tokens on the Hyper network. There, wrapped coins can be used freely and withdrawn at a moments notice when needed back on the mainnet. By doing so, Bitcoin Hyper envisions making Bitcoin as agile as DeFi platforms, enabling everything from instant payments to NFTs and complex smart contracts.
The project positions itself as a leveraged bet on Bitcoins growth. Similar to how Layer-2 projects like Arbitrum or Optimism have been a key part of Ethereums growth story, HYPER aims to piggyback on Bitcoins hyperbolic adoption curve. With investors discovering the potential of this concept and flocking on board, the Bitcoin Hyper presale has already secured more than $3.3 million.
This indicates huge investor confidence in the project. With Bitcoin hitting a new all-time high at the start of this week and kicking off a bull cycle, HYPER could become one of the biggest winners due to its aim to expand the BTC ecosystem even further.
Interested buyers can visit the HYPER token presale page to buy the tokens for $0.0123 before the ongoing presale round ends. You can then stake HYPER to start earning a high annual passive yield of up to 273%.
Visit Bitcoin Hyper Presale
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