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

Source Bitcoinist

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.

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.

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.

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

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
OpenAI Introduces Lowest-Cost ChatGPT Subscription in India with UPI Payment OptionOn Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
Author  Mitrade
Aug 19, Tue
On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).
placeholder
Oil Gains on Supply Concerns Amid Ukraine Conflict, Fed Easing HopesOil prices climbed on Tuesday as fears over supply interruptions intensified due to the escalating Russia-Ukraine conflict.
Author  Mitrade
Sept 02, Tue
Oil prices climbed on Tuesday as fears over supply interruptions intensified due to the escalating Russia-Ukraine conflict.
placeholder
S&P 500 and Nasdaq Futures Climb on Google Ruling Amid Tariff ConcernsS&P 500 and Nasdaq futures climbed modestly on Tuesday evening, fueled by strong gains in Alphabet Inc. after a court handed down a less stringent antitrust ruling than initially feared.
Author  Mitrade
Sept 03, Wed
S&P 500 and Nasdaq futures climbed modestly on Tuesday evening, fueled by strong gains in Alphabet Inc. after a court handed down a less stringent antitrust ruling than initially feared.
placeholder
Asian Currencies Flat as Dollar Softens Amid Labor Market and Fed Rate-Cut FocusMost Asian currencies slipped slightly on Thursday as the U.S. dollar recovered some of its overnight losses, driven by increasing market confidence that the Federal Reserve will reduce interest rates this month due to ongoing signs of labor market cooling.
Author  Mitrade
Sept 04, Thu
Most Asian currencies slipped slightly on Thursday as the U.S. dollar recovered some of its overnight losses, driven by increasing market confidence that the Federal Reserve will reduce interest rates this month due to ongoing signs of labor market cooling.
placeholder
Bitcoin Climbs to $111.5K as Altcoins Struggle Ahead of Payroll ReportBitcoin saw a modest rise on Friday, buoyed by gains across risk-sensitive markets as investors awaited the release of U.S. nonfarm payrolls data.
Author  Mitrade
Sept 05, Fri
Bitcoin saw a modest rise on Friday, buoyed by gains across risk-sensitive markets as investors awaited the release of U.S. nonfarm payrolls data.
goTop
quote