OKB Token Rallies 428% in 9 Days After 65M Token Burn: Market Revival Highlights Bitcoin Hyper

On August 13, OKX announced a massive 65,256,712.097 $OKB token burn together with a reveal of the complete PP Upgrade on X Layer.

The announcement sent $OKB surging by 116% in 2 hours and 428% in nine days, up from $46 on August 13 to $243 today. The burn lowered $OKB’s total supply to 21B tokens, which limited availability, increased scarcity, and led to a massive price-per-token increase.

Source: CoinMarketCap

And despite a skeptical opinion from David Carvalho (Naoris Protocol CEO) – who told The Defiant that ‘such moves can also attract criticism,’ and that  $OKB’s rally could fail soon – we’re seeing the opposite in the charts.

$OKB is maintaining the rally, with the 24h volume up by 65% and the community tip-toeing on the edge of maxi-hype. 

There are rumors of $OKB starting an altcoin rally, and smart investors are already looking for promising investment opportunities. One of these is Bitcoin Hyper ($HYPER), which aims to innovate Bitcoin’s chain with a Layer-2 that brings dApps, smart contracts, and vastly increased transaction speed.

$HYPER is currently $0.012775 in presale, one of the lowest prices it’s likely to ever be. After it reaches $0.012975, the presale will close. And once listed, the $HYPER price could see a significant increase.

Why is $OKB Rallying, and How is the Market Responding?

For more context, X Layer is an Ethereum Layer-2 built by OKX and Polygon Labs. Its goal – to connect the OKX community and Ethereum.

And rather than just a revenue-sharing coin, $OKB is the only native gas token used on X Layer. This further cements its importance in the community and popularity in the charts.

OKX’s announcement that set $OKB’s price on fire revealed several important news:

• The PP upgrade for X Layer is complete, bringing a 5K TPS throughput, reduced gas costs, and greater security and chain compatibility.
• An ecosystem construction strategy is coming, with DeFi, global payments, real-world assets circulation, and liquidity incentives for developers to work on X Layer.
• Deeper X Layer integration with OKX’s wallet, exchange, and OKX Pay.
• The discontinuation of OKTChain in favor of X layer, with an automatic $OKT–$OKB conversion for users.
• Singular burn of 65,256,712.097 $OKB tokens, an upgrade to $OKB’s smart contract to remove burning functionalities and minting, and a phasing out of $OKB’s Ethereum L1 version.

X Layer’s popularity skyrocketed after the announcement, with daily transactions increasing from ~44k to ~1.7M–2M in nine days. The number of unique addresses also surged by ~50% in the same time period, while block time dramatically went down.

Source: OKLink

$OKB’s success is quite shocking, as it comes in a bearish period. Bitcoin is down to $113K, Solana down from $200, and the total market cap is down from under $4T.

This tells us one thing – the market is famished for success stories. It craves positive chart action, and investors yearn for ‘the next big thing.’

And one project that brings promisingly similar utility (also a Layer-2), viral attention, and a cheap entry to potential 100x gains is Bitcoin Hyper ($HYPER).

Bitcoin Hyper: Layer-2 Project Attracts $150K Whale Buys in a Week

Bitcoin Hyper ($HYPER) is a project in presale that plans to launch a Layer-2 to solve Bitcoin’s most severe issues that limit its potential:

1. Embarrassingly slow transaction speed at max 7 tx/s. Solana has a max of 65K tx/s, by comparison.
2. Lack of support for dApps and smart contracts.
3. High transaction fees that limit adoption.
4. Low scalability to accommodate modern DeFi demands.

Despite these problems, Bitcoin remains the crypto king, with a +182,629,796% historic performance. Now imagine what Bitcoin would look like if these four major problems disappeared. 

Picture dApps and smart contracts running on Bitcoin, with serious developer work building wallets, DAOs, or NFT marketplaces on the chain.

As seen in the whitepaper, that’s what Bitcoin Hyper plans to do – become the infrastructure for Bitcoin’s revival. Rocket fuel for the $BTC spaceship heading to the moon!

By combining the Solana Virtual Machine and a Canonical Bridge, $HYPER brings increased transaction speed, dApp and smart contract programmability, and true DeFi.

$HYPER’s presale became viral shortly after launch, with whales making purchases in the tens of thousands of dollars (for instance, $161K on August 12, and $100.6K on August 7).

In seven days, whales bought $150K+, and the presale has raised over $11.2M now. Plus, the presale lets you stake your tokens for a 98% APY – passive revenue while holding on to your tokens.

$HYPER tokens are $0.012775 a piece now, but the price will increase in one day. Analysts are foreseeing a significant pump after listing.

If you want to join Bitcoin Hyper’s ecosystem revolution, visit the $HYPER presale page.

$OKB Starting a Rally? Bitcoin Hyper is Here to Ride the Hype

$OKB’s rally is yet to end, despite what some analysts have predicted. It’s still going strong, and one might wonder about the rest of the market following suit.

Utility remains king, and Layer-2s seem to be exploding now. Bitcoin Hyper ($HYPER) appears perfectly positioned to rally after $OKB, and with the whale attention we’ve seen so far, we estimate $HYPER could make it to the big leagues.

As always, do your own research and remember that this is not financial advice.