Useless Coin Price Prediction: USELESS Soars 35% To New ATH, But Investors Buy This BTC Layer-2 ICO Offering A 429% Staking APY

The Useless Coin price soared 35% in the last 24 hours to trade at $0.2446 as of 6:50 a.m. EST as traders enter into long positions for the crypto.

In the last couple of hours, the USELESS price also soared to a new all-time high (ATH) of $0.2506. It has since pulled back slightly to trade at its current level.

Useless Coin Price Tries To Establish A Solid Foundation To Rise From

4-hour chart for USELESS/USD (Source: GeckoTerminal)

The Useless Coin price is attempting to establish a position above the recently-breached resistance level at $0.2173, data from GeckoTerminal shows. Should the altcoin remain above this level for the next 8 hours, it might try to flip the resistance at $0.2620 into support and soar to yet another new ATH in the short term.

However, a drop back below the $0.2173 point within the next 12 hours might trigger a wave of profit-taking from traders looking to cash in on the altcoin’s recent rally. In this more bearish case, the Useless Coin price could end up testing the technical safety net at $0.1709, which provided the crypto support over the past couple of days.

In an extreme case if the bearish pressure persists, the Useless Coin price might end up plunging to as low as $0.1316.

Bullish Technicals Suggest A Continuation Of The Useless Coin Price Surge 

From a technical point of view, indicators on the daily chart suggest the Useless Coin rally might continue in the next 24 hours. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flashing bullish.

In the last 12 hours, a major bullish technical flag was triggered by the MACD, after the MACD line crossed above the MACD Signal line. Traders might see this as a confirmation that the Useless Coin price has entered a short-term positive cycle. 

The MACD line breaking away above the MACD Signal line also suggests that the crypto’s bullish momentum is picking up steam.

Buyers appear to have a firm grip on the Useless Coin price as well, as suggested by the RSI reading in the high 60s. Traders will just want to monitor this indicator, because it warns that USELESS is nearing overbought territory. This is oftentimes seen as a sell signal because it indicates that a crypto’s downside potential is greater than its upside potential. 

Nevertheless, the strong bullish presence and strengthening momentum suggest any pull back in the next 24 hours will likely be brief and followed by a continued ascent for the Useless Coin price.

As the Useless Coin price looks to keep rallying, investors are also buying into the presale for Bitcoin Hyper (HYPER). According to crypto analyst and YouTuber Crypto Boy, who has over 61K subscribers, HYPER is an amazing project and a potential 100X gem.

HYPER To Address Bitcoin’s Limited Scalability

Bitcoin Hyper is a layer-2 scaling solution for the Bitcoin network. While the legacy blockchain has proven itself in terms of security, it lags when it comes to speed and overall performance. This is where HYPER comes in. 

The project utilizes the Solana Virtual Machine (SVM), enabling it to bring Solana speeds to the Bitcoin blockchain. Bitcoin Hyper also introduces a native Canonical Bridge, which lets users seamlessly bridge their assets between the Bitcoin blockchain and the BTC Hyper layer-2 chain.

With the project’s technology, Bitcoin Hyper could become the ultimate application layer for the Bitcoin blockchain, enabling more powerful decentralized apps to run on the Bitcoin blockchain without having to compromise on speeds or charge users high network fees. 

Therefore, Bitcoin could finally transition from an industry-standard store of value with battle-tested security and decentralization to a blockchain with more utility. If this happens, the HYPER token could become a widely-used transaction medium for the Bitcoin blockchain, which might lead to a price surge as demand soars.

Investors Rush To Buy HYPER At Presale Prices And Lock In High Staking Rewards

Investors are already betting big on the project’s future, and have pumped more than $1.8 million into the project’s ongoing ICO so far. 

One of the reasons behind the investor frenzy at this early stage might be the 429% APY on offer to presale buyers who stake their tokens.

To get in on those rewards, investors will first need to acquire some HYPER tokens via the simple widget embedded on the project’s website. Selling for $0.0121, HYPER can be bought with either crypto or bank card.

Thereafter, investors just need to head to the staking page on the website and lock up their tokens to start earning the rewards.

Investors will want to hurry, because HYPER’s price will undergo a presale hike in around 7 hours.

Check out HYPER.

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