BEAT breaks through $3, FTN surges 216%, new Layer 2 solution Bitcoin Hyper raises nearly $30 million—frequent signals of market overheating

【Crypto World】 The recent enthusiasm in the crypto market is quite high. The token BEAT has soared from $2.20 to break through $3, but the upward momentum has clearly weakened afterward. The exchange listing immediately boosted trading volume to surpass $100 million, but this heat also exposed some issues—the market sentiment indicator is overheating, and a head and shoulders pattern is faintly visible on the chart, indicating a likely correction.

Speaking of Fasttoken (FTN), its performance is even more dramatic. It jumped 216% within a day from an oversold area to reach $1.34, but now it has hit a sharp stop near $1.29. The increase is astonishing, but such rapid surges often come with retracement risks.

Additionally, Bitcoin Hyper—recently a hot topic as a Bitcoin layer-2 solution—deserves mention. This project’s ICO raised nearly $29 million and promised participants a 39% annualized staking reward, which sounds very attractive. However, as a new project, it’s wise to watch the progress closely before making any decisions.