Early August’s macroeconomic headwinds have subsided, and a new crypto bull run is now underway.
The Ethereum price hit the $4200 mark for the first time since December 2021, triggering a broad-based rally in altcoins. A weekly close above $4k in ETH, along with a BTC breakout above $118,000, would confirm the new uptrend.
Altcoins like Aerodome Finance, Ethena, Arbitrum and Pepe are among the top gainers today.
However, with the bull market euphoria returning, smart money investors are hunting for low-cap gems with high upside potential.
A new BTC layer-2 coin, Bitcoin Hyper (HYPER), is emerging as one of the top choices, owing to its sound fundamentals and the strong growth potential of layer-2 projects.
The HYPER presale has already raised nearly $8 million in short order, while prominent crypto influencers are already backing it as one of the best cryptos to buy for outsized returns.
Bitcoin Hyper: the New Cutting-Edge BTC Layer-2
The latest crypto bull cycle has confirmed Bitcoin’s status as one of the most in-demand assets in the global financial markets.
BTC has always been one of the fastest-growing assets since its inception, providing an annual growth rate of over 100% over the past 13 years.
In this cycle, however, it is finally being recognized as an excellent store of value, living up to its hype as the digital gold. The number of BTC treasury companies is skyrocketing, while BlackRock’s IBIT has established itself as the fastest-growing ETF in history.
Despite the strong institutional and retail demand, Bitcoin continues to struggle with network congestion and scalability issues. The network traffic is growing exponentially, and its architecture isn’t keeping up.
According to YCharts, BTC’s average transaction confirmation time is 20 minutes today and is as high as several days during heavy traffic periods.
Now, the new Bitcoin Hyper layer-2 project is aiming to finally realize Satoshi Nakamoto’s vision of BTC being a viable peer-to-peer electronic cash system.
Analysts are impressed that the project’s developer team hasn’t chosen the costly route of reinventing the wheel. Instead, Bitcoin Hyper uses the cutting-edge Solana Virtual Machine to power its layer-2 operations.
Users deposit BTC to a designated address, monitored by the Bitcoin Hyper’s Canonical Bridge. The SVM-powered Bitcoin Rely Program verifies the transaction and mints an equivalent amount of BTC on the Layer-2 chain.
This allows users to do Bitcoin transactions with “near-instant” finality, paving the way for onboarding payment apps, DeFi and even memes on the Bitcoin blockchain.
The project uses the Solana Virtual Machine for high throughput and scalability, while relying on zero-knowledge architecture for settlement and security.
Simply put, Bitcoin Hyper aims to bring the performance, scalability, and programmability of modern blockchains to BTC while compromising its security and decentralization.
Why HYPER Could be the Best Crypto to Buy Now
There is a reason why Bitcoin Hyper has raised nearly $8 million in its viral presale. Notably, whales are among its early buyers as the new L2 coin continues to record five-figure investments.
Layer-2 coins are excellent beta bets on their respective layer-1s. Just today, the Arbitrum price is up by 10% in response to the strong Ethereum rally. It has a peak valuation of $4 billion as well.
In fact, several top Layer-2 coins, even Bitcoin’s Stacks, have reached multibillion-dollar valuations. This makes HYPER an attractive investment, especially considering its small market capitalization.
While BTC is currently showing consolidatory price action, experts remain confident that the capital will eventually rotate back from Ethereum to Bitcoin. The global M2 money supply indicates that the Bitcoin price could hit anywhere between $150k and $200k in the coming months.
Against such a backdrop, holiding a high beta play like HYPER could be a winning strategy, making it one of the best cryptos to buy now.
Prominent analysts and seasoned traders are bullish on Bitcoin Hyper’s high upside potential. Even some conservative projections view it as the next 10x crypto, while others are eyeing up to 100x returns from it.
Analysts are also impressed with HYPER’s sound fundamentals, including community-centric tokenomics, attractive staking rewards and fully audited smart contracts. For instance, its native staking protocol is currently offering a reward rate of over 130% per annum.
Sidelined investors can buy HYPER using the OTC widget on the Bitcoin Hyper presale website or using the Best Wallet app.
This article is not intended as financial advice. Educational purposes only.
