The crypto market is currently in the midst of an explosive bull run, kicked off by Bitcoin hitting a $123,000 all time high, and low-cap assets continue
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After Bitcoins Historic Rally, Bitcoin Hyper Hits $3.5M in Viral Presale – Best Crypto to Buy?
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The crypto market is currently in the midst of an explosive bull run, kicked off by Bitcoin hitting a $123,000 all time high, and low-cap assets continue to deliver outsized returns amid the ongoing bull market euphoria.
A new BTC layer-2 project, Bitcoin Hyper (HYPER), has emerged as an attractive multi-bagger investment, having already raised over $3.5 million in its ongoing presale.
Bitcoin Hyper is the first full-featured Layer-2 blockchain built for Bitcoin, designed to introduce instant transaction finality, scalability and programmability to the BTC ecosystem, without compromising its decentralization and security features.
With experts projecting the Bitcoin price to hit anywhere between $150k and $200k this bull cycle, a new BTC-themed project is bound to receive significant attention. As such, Layer-2 coins tend to be excellent beta bets on their respective Layer-1s.
As a result, several smart money investors have already invested in HYPER early, with many backing it as the best new crypto to buy in the current market.
Bitcoin Hyper: A Brand New BTC Layer-2 Project
Bitcoins limited scalability remains a major drawback, even as it continues to establish itself as an excellent store of value. The network often processes just 7 transactions per second (TPS) on average, which is significantly lower than what is needed for global adoption.
This limitation results in network congestion and long confirmation times during periods of high activity, making it impractical for fast and frequent transactions.
Attempts to solve this through second-layer solutions like the Lightning Network have fallen short. Lightning requires users to open payment channels in advance, and transactions often fail when there isnt enough liquidity. Security risks like channel hijacking and the need for constant monitoring further complicate its use.
Similarly, Stacks offers smart contract capabilities via a separate chain but doesnt support direct Bitcoin transfers. It also relies on its own token, STX, limiting adoption among Bitcoin purists. These inefficiencies have left room for more scalable alternatives to emerge.
Enter Bitcoin Hyper, which aims to bring the sophistication, scalability and programmability of modern blockchains to BTC.
Bitcoin Hypers architecture hinges on the Solana Virtual Machine (SVM) and a canonical bridge that together unlock smart contract functionality for Bitcoin.
Smart contracts and applications run on a dedicated Layer-2 powered by the SVM, allowing for lightning-fast transactions and scalable dApps. This brings sub-second finality and supports thousands of transactions per second, something Bitcoins Layer-1 cannot natively offer.
The canonical bridge then acts as the gateway. When users deposit BTC into the bridge, it locks the funds on Bitcoins base layer and mints an equivalent amount of HYPER, the wrapped token, on the Layer-2 chain. This paves the way for dApps, payments, DeFi protocols, and NFTs using their Bitcoin, but at Solana speeds and fees.
All Layer-2 activity is bundled and committed back to Bitcoin using zero-knowledge proofs, which ensures that the base layer maintains integrity without handling the load of daily transactions.
In effect, Bitcoin Hyper turns BTC into a scalable, programmable asset while staying fully decentralized and compatible with Bitcoins base layer. Check out the project whitepaper for more info.
Is HYPER The Best New Crypto to Buy?
Besides its unique value proposition, HYPER has impressed smart money investors with its strong fundamentals.
For instance, it has community-centric tokenomics, considering it doesnt have any separate allocation for any private sale or VC rounds. It does have 15% of the token supply reserved for community and staking rewards.
Indeed, Bitcoin Hypers staking protocol is already quite popular among the presale buyers and is currently offering a reward rate of over 250% per annum.
Moreover, the HYPER smart contract has already been audited by Coinsult and Spywolf, which further makes it one of the best new crypto investments. Most new tokens dont offer such peace of mind pertaining to the security of investor funds.
As a result, Bitcoin Hyper could emerge as an excellent beta bet on BTC. As such, the top Layer-2 coins tend to have multibillion-dollar valuations. Even Stacks (STX) has had a peak valuation of $5 billion.
HYPER could emerge as one of this year‘s standout crypto investments if it manages to replicate even a fraction of Stacks’ success. Unsurprisingly, many are already calling it the next 100x crypto, while some of the more conservative projections are still anticipating 10x returns.
Interested buyers can purchase HYPER through the Bitcoin Hyper presale using the OTC widget or directly via the Best Wallet app.
Investors can also get regular updates about the project via its X and Telegram accounts.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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