The 2023 - 2025 crypto bull run will be remembered for Bitcoin’s outperformance. BTC continues to be at the top of every best-crypto-to-buy list, with many analysts anticipating it to peak between $150k and $200k.
Among the altcoins, those showing the strongest correlation with Bitcoin, have largely outperformed others, further confirming BTC’s “king” status within the crypto market.
Now, Bitcoin Hyper (HYPER), a new BTC-themed meme coin - with cutting-edge Layer-2 utility - is creating significant speculative frenzy in its presale, having already raised over $500k in short order.
Crypto influencers and prominent analysts are already taking note, with many viewing it as the next 100x crypto.
Bitcoin Hyper’s Value Proposition – Why This New BTC Layer-2 Is Going Viral?
Bitcoin has already established itself as an excellent store of value, as well as one of the top-performing investments in the global financial markets.
However, it is still far from realizing one of Satoshi Nakamoto’s core visions - a viable electronic cash system.
Take, for instance, the historic moment when Donald Trump became the first US President to do a Bitcoin transaction in September last year.
Trump used the Strike app to settle his tab at the PubKey bar in New York, which works on the Lightning Protocol, the top BTC Layer-2 scaling solution. And yet, the moment was awkward as a few-dollar transaction took 45 seconds to settle.
JUST IN: 🇺🇸 Donald Trump tried paying with #Bitcoin at a New York bar, and the transaction still hasn't settled yet due to massive liquidity issues.It took over 45 seconds for them to awkwardly smile and pretend the transaction was settled. Bitcoin is not fast or cost-effective pic.twitter.com/8KDcqdH3uP
— Versan | Black Swan Capitalist (@VersanAljarrah) September 18, 2024
Thankfully, the US President did not attempt to complete the transaction through Bitcoin’s mainnet. As per Blockchain.com, the average confirmation time for a BTC transaction was ~914 minutes on 18th September, or 15 hours and 14 minutes.
Today, on 5th June, the Bitcoin mainnet appears to be working optimally and therefore, has an average confirmation time of 21 minutes.
There is an evident demand for additional cutting-edge Layer-2 solutions, which explains why Bitcoin Hyper is seeing a warm reception in the first few days of its presale.
As per the project’s whitepaper, “Bitcoin Hyper is designed to break through Bitcoin’s core limitations: slow transactions, high fees, and the lack of programmability.”
It’s no surprise that the HYPER presale is attracting strong early demand. If the Bitcoin Hyper project delivers on its mission, it could emerge as the next billion-dollar crypto asset, much like other top-performing Layer-2 coins.
Under The Hood: Bitcoin Hyper’s Cutting-Edge Technology
Bitcoin Hyper aims to bring the performance and scalability of modern blockchains to the Bitcoin ecosystem, without compromising its decentralized nature or cryptographic security.
In this regard, it is integrating the Solana Virtual Machine (SVM) to its Layer-2 scaling solution, the same core engine which has made Solana one of the most popular blockchains on the market.
As per the whitepaper, “By integrating the Solana Virtual Machine, Bitcoin Hyper enables lightning-fast, low-latency execution of smart contracts and decentralized applications. This brings the performance and developer experience of Solana to the Bitcoin ecosystem—something previously impossible on native Bitcoin.”
Meanwhile, like most stable and secure Layer-2s, it uses the Bitcoin mainnet for transaction settlement and security.
The developer team is creating a Canonical Bridge - a non-custodial bridge that is tasked to manage Bitcoin Hyper’s interaction with the mainnet.
Users lock their BTC via the bridge, receiving equivalent tokens on the Layer 2 network. These tokens can then be utilized across the Bitcoin Hyper ecosystem and are redeemable back into native BTC whenever desired.
Meanwhile, the Bitcoin Relay Program, an SVM smart contract, verifies BTC block headers and transaction proofs. It aggregates and compresses transactions on Layer 2, using zero-knowledge (ZK) proofs to verify their validity.
The Layer 2 state is regularly published to Bitcoin’s main chain, ensuring both security and alignment with Layer 1.
Thanks to this hybrid approach, Bitcoin Hyper enables fast wrapped BTC payments, DeFi functionalities (swaps, lending, staking), NFT and gaming dApps, and supports Rust-based smart contracts via SDK and API. It also offers web and mobile access through an intuitive dashboard and wallet integrations.
Is HYPER The Next 100x Crypto?
There is a strong demand for BTC-correlated altcoins, as these tend to outperform others during a bull run. Considering that HYPER is new and has a small market cap, it could deliver outsized returns following its launch.
Unsurprisingly, analysts and crypto influencers like Yellow Trader are beginning to take notice and are viewing it as one of the best new products on the market. Others are calling it the next 100x crypto as well.
Besides the project’s Layer-2 scaling solution, HYPER has excellent fundamentals, which include community-centric tokenomics, transparent smart contract audits, and full issuer address and contact information. Check out the Bitcoin Hyper whitepaper for more information.
Meanwhile, early HYPER buyers can also earn passive income through the project’s staking protocol, which is currently offering a reward rate of over 1300% per annum.
However, the staking rewards are designed to decrease as more tokens are staked into the pool. In addition, the HYPE price itself will increase after the completion of each presale stage, both mechanisms designed to reward early buyers.
Bitcoin Hyper is currently in its early presale stages and is likely available at a bargain. However, its strong demand means that the stages will sell out rather quickly, with sidelined investors leaving considerable money on the table.
Interested buyers can visit the project’s presale and buy HYPE with just a few clicks using the OTC widget, either through a bank card or by swapping cryptos.
Investors can also connect to the project’s X and Telegram accounts for more info.
Visit Bitcoin Hyper Presale
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
