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Bitcoin Price Prediction, XRP Latest News and the Best Crypto to Buy Now

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The Bitcoin price surged to its highest-ever level of $125,500 on Sunday, sparking a wave of excitement that spread throughout the altcoin market and pushed several major tokens to new local highs.

What’s exciting about this is that local highs often precede long-term highs, and so the recent move indicates a bigger breakout could be on the horizon. However, while some tokens, such as Ethereum and Solana, show notable strength, XRP struggles to break above a key technical level.

That said, fundamental developments are in progress: XRP’s ETF deadlines in October have a 90% chance of approval, regulatory changes boost Ripple Labs’ adoption prospects, and plans for ecosystem advancements, including the introduction of ZK-proofs, position the asset for further growth.

Meanwhile, another ZK-proof-based project, Bitcoin Hyper, is gaining recognition as the best crypto to buy now. The project is developing a Bitcoin Layer 2 blockchain, aiming to address the speed and functionality limitations of the Bitcoin base layer.

Bitcoin Price Prediction: Debasement Trade Could Spark Bigger Rally

The US Dollar has fallen to levels not seen since 2022, driven by macroeconomic risks, political uncertainty, and a growing demand for hard assets as the Federal Reserve moves toward cutting interest rates.

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As a result, both Bitcoin and gold have hit new all-time highs since Sunday, under what is being called the “debasement trade.” This is best described as investors seeking to mitigate fiscal worries by moving into perceived “safe” assets, which are characterized by factors such as scarcity and resistance to currency debasement.

And analysts do not believe that this trend will slow down anytime soon. JPMorgan’s Nikolaos Panigirtzoglou and his team predict that Bitcoin could reach $165,000 this year, based on volatility-adjusted returns relative to gold’s current market value. Meanwhile, some institutions forecast even higher prices, such as Standard Chartered, which predicts that Bitcoin will reach $200,000 in 2025.

What’s important to note is that JP Morgan’s prediction is based on gold’s current price; however, if it continues to rally, this could potentially raise the ceiling for how high BTC can go.

XRP Falls 1.5%, But Catalysts Signal Brighter Future 

XRP is currently trading just below $3, a level that is expected to trigger a strong upward move once decisively broken. While there has been profit taking over the past 24 hours, with its price down 1.5%, analyst Kamran Ashgar notes that it’s on the verge of breaking a head-and-shoulders chart pattern, which could pave the way for a move toward $3.7, then $4.

Fundamentals support this bullish outlook: XRP has multiple ETF deadlines in October, with some forecasts indicating a 90% chance of approval. Additionally, key regulatory tailwinds from the Crypto Market Structure Bill and the Genius Act, which is expected to go live soon, could boost institutional adoption and help Ripple Labs toward its banking goals.

But most importantly, Ripple engineer J. Ayo Akinyele stated in a blog post that he aims to make the XRP Ledger “the first choice for institutions by building in privacy compliance and trust” through ZK-proofs and confidential multipurpose tokens (MPTs). This development could fundamentally change how the XRP Ledger is used, paving the way for more institutional-focused use cases and users.

This combination of institutional, regulatory, and ecosystem catalysts suggests that short-term price movements are less critical, as XRP is trending toward long-term success.

Another project utilizing ZK-proofs is Bitcoin Hyper, which is gaining recognition as the best cryptocurrency to buy now due to its early-stage entry point and solid use case. Let’s take a closer look.

Bitcoin Hyper Presale Explodes Past $21M Raise For Bitcoin L2

Bitcoin has a speed problem – everyone is aware of it, and many developers have attempted to address it. The Lightning Network, Stacks, and Rootstock are three notable examples of Bitcoin Layer 2s, but each has its own shortcomings. The Lightning Network struggles with liquidity and routing issues, making it unreliable for large or infrequent transactions. It also doesn’t support smart contracts.

Stacks and Rootstock support smart contracts, but they operate as sidechains only connected to Bitcoin through bridges, meaning they don’t fully inherit its security benefits. That’s where Bitcoin Hyper comes in, built using ZK-rollups to periodically report its state back to the L1 for finality, leveraging its immutability and neutrality.

At the same time, Bitcoin Hyper utilizes the Solana Virtual Machine for execution, making it faster and more scalable than Stacks and Rootstock. This makes Bitcoin Hyper the first true Bitcoin Layer 2 blockchain on the market.

The response has been huge. The presale has raised over $21 million, and respected industry analysts, such as RJ from Cryptonews, are calling it the best crypto to buy now.

This presale success is good news for HYPER’s exchange launch, confirming there’s plenty of liquidity and potentially paving the way for even more whale support.

Currently, investors can purchase HYPER at $0.013065; however, this price is expected to rise during the presale, so potential investors shouldn’t wait to get involved. 

Visit Bitcoin Hyper Presale

This article is not intended as financial advice. Educational purposes only.

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