Although cryptocurrencies are facing a slight pullback after this week’s impressive market-wide rally, there’s no shortage of exciting opportunities. The rally saw Bitcoin (BTC) push to a new all-time high (ATH) on August 14th, while most leading altcoins recorded double-digit gains.
Against this backdrop, Bitcoin Hyper (HYPER), an upcoming Bitcoin Layer 2 project, is rapidly gaining momentum, having now hit the $10 million mark in its ongoing presale.
With Bitcoin seeming set for more highs and institutional adoption increasing, HYPER seems well-positioned to become this cycle’s top breakout opportunity. Let’s explore how its Layer 2 seeks to enhance the BTC ecosystem even further and why so many traders are joining the presale.
Bitcoin Hyper Could Resolve Bitcoin Layer 1’s Long-Standing Performance Issues
Bitcoin’s Layer 1, although well-known and secure, was never designed with scalability in mind. As such, it offers modest transaction speeds, averaging seven transactions per second (TPS), often with unpredictable gas fees.
Since Bitcoin Hyper aims to turn BTC into more than just a store of value, improving Bitcoin’s TPS count is one of its primary goals. To achieve that, the project is preparing to release a Layer 2 solution for Bitcoin. Once implemented, the Layer 2 would see Bitcoin’s TPS skyrocket from under a dozen to thousands.
Additionally, by utilizing rollups, the Layer 2 would take the burden off Bitcoin’s mainnet by processing bundled transactions off-chain. As a result, Bitcoin Hyper could significantly reduce the gas fee spikes that BTC’s users experience during high-traffic hours.
However, the Layer 2 transactions would still settle on Bitcoin’s Layer 1, meaning Bitcoin Hyper’s users will still benefit from Bitcoin’s robust security. With these improvements combined, BTC could reliably serve as a cryptocurrency for microtransactions and payments.
Bitcoin Hyper will also release its Canonical Bridge alongside the Layer 2, which makes BTC usable on its network. Depositing BTC into it will mint an equal amount on the Layer 2 in wrapped BTC.
Analyst Highlights HYPER’s Utility and 100x Potential
Improving Bitcoin’s transaction speeds, although a major feat by itself, is only the first step of Bitcoin Hyper’s mission. The project’s next step in dealing with Bitcoin’s core limitations involves the introduction of scalable smart contracts.
To achieve that, it leverages the Solana Virtual Machine (SVM) technology. That means it strives to enable fast, low-latency execution of smart contracts and decentralized apps (dApps) on Bitcoin.
As such, Bitcoin Hyper lets developers build Bitcoin-centered DeFi applications, NFTs, meme coins, and other projects without relying on other chains. Once released, Bitcoin Hyper could see BTC’s currently dormant liquidity become the fuel of a thriving app-based ecosystem.
Calling it the “best crypto presale,” experts from 99Bitcoins remind their audience that HYPER is positioned at the heart of this exciting ecosystem.
As the project’s utility token, HYPER will serve numerous purposes, ranging from gas fee payments to staking. That’s why the analysts aren’t surprised HYPER’s presale is raising an average of $670,000 every week.
Additionally, the project’s roadmap reveals that a Bitcoin Hyper DAO will surface post-launch. That means those holding HYPER will have a direct say in the project’s future developments via governance rights.
Here’s How to Join HYPER’s Rapidly Growing Presale
Investors can secure their access to Bitcoin Hyper’s ecosystem at a discount during the presale by purchasing HYPER. Since the presale follows a dynamic pricing model, HYPER’s current per-token price of $0.012725 will only increase over time.
According to the project’s whitepaper, the token’s price will reach $0.012975 before its first DEX and CEX listings. To secure HYPER at a low presale entry point, investors can purchase it using ETH, SOL, BNB, USDT, or fiat. The token is available via the presale website or Best Wallet’s apps, with no minimum investment required.
Besides a discounted price, the presale also lets early investors secure higher staking rewards. Currently, investors can earn a 113% dynamic staking APY by locking up their HYPER tokens in the staking pool.
However, as investors add more HYPER to the pool, the yield decreases. So far, investors have staked over 465 million HYPER despite a 2-year vesting period. This underscores that the token’s community is already showing confidence in its long-term success.
As its presale raised over $4 million during the first half of August alone, the demand for Bitcoin Hyper is rapidly accelerating. With less than 24 hours until the next price increase, investors don’t have much time left to buy HYPER on the ground floor.
This article is not intended as financial advice. Educational purposes only.
