Uptober is in full swing, evidenced by Bitcoin ($BTC) hitting a new ATH at $126K on Tuesday. While the price has receded somewhat since then, analysts believe that the bull run of the world’s most valuable cryptocurrency isn’t over yet.
Bitcoin’s continued rise is naturally a boon to related projects, such as Bitcoin Hyper ($HYPER). That’s because more investors rushing to get into the Bitcoin ecosystem could also mean more users of platforms that build upon Bitcoin’s base blockchain.
As for now, we’re seeing this in full effect in Bitcoin Hyper’s token presale. While it’s far from over, it has already raised over $22.7M, with whales dropping massive sums recently, making it one of this year’s best crypto presales.
Bitcoin Has Plenty of Room for Improvement…
While Bitcoin is considered a must-have cryptocurrency in every trader’s portfolio, it has some fundamental flaws that make it ill-fitted to today’s crypto marketplace.
For one, the Bitcoin blockchain is notoriously slow, with a throughput of just around seven transactions per second (TPS). Considering the demand for $BTC these days, its low TPS results in slow processing times, making transactions extra expensive.
In contrast, newer chains can typically handle a higher TPS. Solana, for example, can process up to 65K TPS, which is why it’s the preferred chain for launching meme coins that thrive off of high-speed and low-cost transactions.
$BTC is really only good as a store of value. You can’t use it for any other applications, like real-time payments, gaming, or trading meme coins.
Bitcoin Hyper Comes to the Rescue with Speed, Low Cost, and Scalability
While it may seem that solving Bitcoin’s fundamental problems is only a matter of rewriting its code, the truth is that doing so will come at the cost of its robust security.
This is where Bitcoin Hyper ($HYPER) comes in.
It aims to develop a Layer 2 blockchain running on the Solana Virtual Machine. This will finally deliver Solana-level transaction speeds and low cost to the Bitcoin ecosystem, while retaining the base layer’s security.
Aside from that, it will also feature a canonical bridge that allows you to send your $BTC from the main blockchain to the L2. Once on the L2, you’ll be able to use your $BTC for a wide variety of applications, including staking, trading, and interacting with dApps.
Don’t Get Left Behind—Join the Bitcoin Hyper Presale Today
Building a solution to revolutionize the Bitcoin blockchain, it’s no surprise that Bitcoin Hyper’s token presale has generated significant buzz.
Currently, it has already raised a whopping $22.7M and is still counting. Much of this is thanks to a flood of recent whale buys totalling nearly half a million the past week, including this latest one worth $19.5K.
The Bitcoin Hyper presale is still ongoing, with its token currently priced at $0.013085. To get in early, connect your crypto wallet to the presale widget, enter how many tokens you want to buy, and then pay with your credit/debit card or crypto.
Like most token presales, you can also stake the $HYPER tokens you’ve purchased. The project team is offering token rewards at a 51% APY, but please note that this rate is subject to change as more tokens are staked.
Don’t delay. Buy Bitcoin Hyper tokens here before the next price hie in a couple hours.
Disclaimer: Do your own research. This is not investment advice.
Authored by Bogdan Patru, Bitcoinist — https://bitcoinist.com/why-whales-are-buying-bitcoin-hyper