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Bitcoin Hyper Heats Up as Its $HYPER Token Presale Nears $14M Raised: Is It the Next Crypto to 1000x?

Bitcoin Hyper Heats Up as Its $HYPER Token Presale Nears $14M Raised: Is It the Next Crypto to 1000x?

Bogdan Patru
by Bogdan Patru
1 hour ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin ($BTC) is the king of the hill in the cryptocurrency market. In fact, even people who don’t know anything about crypto will have likely heard of Bitcoin.

It’s not at all surprising considering it is the first successful – and the world’s most valuable – crypto.

In particular, interest from institutional investors has pushed the coin’s value to stratospheric heights. When it comes to corporate Bitcoin treasuries, Michael Saylor’s Strategy is light years away from its competition with its stash of 636,505 $BTC.

A list of Strategy's most recent Bitcoin buys via the Strategy website.
Source: Strategy

With all eyes – retail and institutional alike – on $BTC, it’s little wonder that a new meme coin, with plans to build a much-needed Bitcoin Layer-2, is in the midst of a booming presale. Bitcoin Hyper ($HYPER) is rapidly closing in on the $14M mark, and if all goes according to plan, it could well be the next crypto to 1000x.

Bitcoin: Security at the Cost of Speed and Flexibility

By design, Bitcoin is one of the most secure cryptocurrencies out there, thanks to its simplified script.

The downside here is that it lacks flexibility, meaning you can’t use it for more advanced applications, such as smart contracts, dApps, DeFi protocols, and NFTs.

In comparison, blockchains like Ethereum and Solana can handle these use cases, making them the ideal platforms for meme coin developers.

There’s also the issue with Bitcoin’s transaction speeds. It can only handle a theoretical max of seven transactions per second (TPS) versus Ethereum’s 119.1 TPS and Solana’s 65K TPS.

Comparison of Bitcoin's TPS with other blockchains via chainspect.app.
Source: Chainspect

Bitcoin’s slow transaction speeds lead to network congestion, which then results in high transaction costs.

Bitcoin Hyper: Securely Sending Bitcoin to Hyperspace

Since its launch in 2009, the Bitcoin blockchain has had numerous updates. So, why aren’t developers making it faster?

The reason is that it would come at the cost of its security. The good news is that Bitcoin Hyper ($HYPER) has a solution to ensure faster transactions and make $BTC extra flexible, while retaining its high security.

To do this, the Hyper team will create a Bitcoin Layer-2, which will process transactions outside the main Bitcoin Layer-1.

Bitcoin Hyper Layer-2.

When launched, Bitcoin Hyper will work like this:

  • First, deposit your $BTC to an address monitored by the Hyper’s Canonical Bridge
  • Next, the Solana Virtual Machine (SVM) will verify your coin
  • Once verified, a wrapped version of the $BTC with the same amount will be minted on Hyper’s Layer-2
  • You’ll be able to use your wrapped $BTC for various applications, such as staking and interacting with dApps
  • If you want to withdraw your $BTC, simply create a request. Once validated, it’ll be sent back to your Bitcoin wallet address on the Layer-1.

Every transaction on the Layer-2 will be faster and cheaper than on the Layer-1 since it will be on an SVM. Meanwhile, the state of the Layer-2 is constantly committed to the Layer-1 to ensure that everything is synchronized and secure.

❓If you want to learn more about the project, be sure to read our What is Bitcoin Hyper? page.

$HYPER Tokens: Powering the Bitcoin Hyper Project

When the Layer-2 launches, you’ll need Bitcoin Hyper’s $HYPER token to pay for gas and other transaction fees.

Holding this token also offers other perks, like access to exclusive features and the ability to vote on key decisions on the project.

For now, you can buy $HYPER tokens at the official Bitcoin Hyper presale website. Each one costs $0.012865, but a price increase is due in less than two days, so it’s always best to act as quickly as you can.

Don’t forget, you can also stake your $HYPER to enjoy rewards at 78% APY.

💡For more information on joining the presale, check out our page on how to buy Bitcoin Hyper.

Because of the project’s promise to make the Bitcoin ecosystem faster and more flexible, Bitcoin Hyper has gotten a lot of attention from investors. And that includes recent whale buys of $161.3K and $100.6K.  To date, the presale has raised close to $14M, giving it the most potential to be the next crypto to 1000x.

Ready to invest in this revolutionary Layer-2? Join the Bitcoin Hyper presale today.

Things Will Only Get Better for Bitcoin

As the crypto market becomes more mature, there’s plenty of room for growth for Bitcoin. And thanks to projects such as Bitcoin Hyper ($HYPER), the world’s biggest cryptocurrency can only become more valuable and useful.

Because of this, expect Bitcoin to maintain its status at the top of the crypto food chain for the foreseeable future.

Always do your own research before making any investment. This article is not financial advice.

Authored by Bogdan Patru, Bitcoinist — https://bitcoinist.com/bitcoin-hyper-presale-nears-14m-next-crypto-to-1000x/

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Bogdan Patru

Bogdan Patru

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As a crypto writer, Bogdan’s responsibilities are split between researching and writing articles and entertaining the team with his humor bordering on the politically incorrect, an aspiring Bill Burr, if you will. Thanks to his 12+ years of writing experience in just as many fields, including tech, cybersecurity, modelling, fitness, crypto, and other topics-that-shall-not-be-named, he's become a genuine asset to the team. While his position as a senior writer at PrivacyAffairs thought him valuable lessons about the power of self-management, his entire writing career was and is an exercise in self-improvement. Now, he's ready to sink his teeth into crypto and teach people how to take control of their own money on the blockchain. With fiat as an eternally devaluing currency, Bitcoin and altcoins seem like the best-fitting alternative for Bogdan. Bogdan’s biggest professional accomplishment, aside from securing a position as a main writer for Bitcoinist, was his 5-year run as a writing manager at Blackwood Productions, where he coordinated a team of four writers. During that time, he learned the value of teamwork and that of creating a working environment that breeds efficiency, positivity, and friendship.

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