All indications point one way – the Uptober rally has begun.
We’re not just talking about $BTC’s steep climb since Tuesday, with eyes set on $120K and potentially a new all-time high. Another top crypto has been giving clear signs of a market surge.
Bitcoin Hyper ($HYPER) is just a few thousand dollars away from hitting the much-awaited $20M milestone in its viral token presale.
The project’s Layer-2 vision for Bitcoin began trending among strategic investors in the early phases of the presale, but the buying frenzy has now spread across the market. Whales have bought $HYPER tokens worth close to half a million dollars over the past four days alone.
With the presale approaching sell-out, the project calls for a deep dive. Let’s find out what makes Bitcoin Hyper one of the best crypto presales to invest in today.
Bitcoin Hyper: Bitcoin’s Much-Needed Web3 Upgrade
Bitcoin took over the world promising a decentralized currency, but it’s nowhere close to accomplishing that dream.
While the decentralization part is covered, we can’t even think of using $BTC for everyday payments. Let’s say you’re at a movie theater. By the time you’ve confirmed your $BTC payment, the movie could already be halfway through, depending on how busy and congested the market is.
Bitcoin is an excellent store of value, but it still has a long way to go before achieving mainstream adoption in finance.
As for Web3 adoption, sadlyBitcoin falls short here, too. It lacks the speed and programmability that Web3 demands. The blockchain is largely incompatible with DeFi, NFTs, and a wide range of other decentralized applications.
Bitcoin needs help. And this is where Bitcoin Hyper ($HYPER) enters the picture.
It plans to introduce a Layer-2 that uses a non-custodial canonical bridge and Solana’s Virtual Machine (SVM) to make Bitcoin faster, cheaper, and programmable, making $HYPER one of the best altcoins to buy now.
How Does Hyper Work? Here Are The Nuts & Bolts
Bitcoin Hyper’s working mechanism is cleverly simple. It’s easy to understand and easy to use, as shown below:
Bitcoin Hyper’s core function will be to move transactions off the base Bitcoin Layer-1 and process them on its Layer 2 instead.
You’ll be able to lock your tokens on the base chain for a wrapped version using the canonical bridge. And unlike $BTC, your wrapped token will be compatible with a broader range of ecosystems.
The SVM, on the other hand, will bring Solana-level performance to the network. Although similar to Ethereum’s EVM, SVM is optimized for speed and scalability. So transactions on Bitcoin Hyper could potentially be even faster than those on Solana at times.
This is how Bitcoin Hyper plans to reduce congestion and transaction fees, making $BTC suitable for everyday micropayments – whether at your neighborhood grocery store or on a crypto gaming platform.
It also allows Web3 functionalities on Bitcoin, like DeFi, token swaps, and other decentralized applications.
That doesn’t mean security is compromised. Although the transactions are processed off-chain, they’re periodically verified using ZK proofs and settled on Bitcoin’s immutable main chain.
In addition, Bitcoin Hyper has successfully completed smart contract audits by leading blockchain firms Coinsult and SpyWolf.
Bitcoin Rally Begins: Why Bitcoin Hyper Shouldn’t be Missed
Bitcoin has been trading sideways for the past few weeks, but key factors are lining up for the next bull surge.
The US government has shut down after lawmakers failed to agree on a spending bill. Political gridlock typically deters investors from traditional markets like stocks and bonds.
To hedge the risk, they seek refuge in assets like gold and crypto – both known as reliable stores of value. The trend has been similar, this time, too. As the gold price rallied on Wednesday, $BTC rapidly surged, climbing from $112K to $119K in just two days.
More momentum is in store, as Bitcoin taps into its growing perception as a hedge against inflation and political turbulence. The declining traditional economy is expected to channel more capital to the crypto market this quarter.
Historically, October is the luckiest month for $BTC. Over the past 12 years, October has seen the crypto captain register gains 10 times, according to data published by Coinglass.
That said, altcoins with smaller market caps and bigger ambitions could actually outperform $BTC in the unfolding bull market.
And a token like $HYPER – the native crypto of Bitcoin Hyper – in particular, might well emerge as a winner because of its Layer-2 solution that’s so closely tied to Bitcoin.
It’s an ambitious project – but not one that’s stuck on the drawing board. The Layer-2 is still in development, but the project team’s steady flow of progress updates instills confidence.
In the upcoming phase, the focus shifts to optimized sequencing anchored to $BTC, stronger dev workflows for SVM contracts, RPC/indexers/explorers for smooth infra, and a pathway for early builders before mainnet.
A Presale For The Record Books
The Bitcoin Hyper presale is on fire, as it rapidly approaches the $20M milestone. Currently at $19.8M+, whales are taking early positions and investing a total of around $492K – this week alone ($13.5K + $12.3K + $10.9K + $113.8K + $109.9K + $105.4K + $98.3K + $12.8K).
We’re not surprised. $HYPER is packed with utility, and with the lion’s share (30%) of its total token supply allocated to development, there’s a strong chance that this Layer-2 will make good on its promises. And investors are paying attention.
You can also choose to stake your tokens to unlock passive income. Like presale pricing, the staking APY favors early backers, and currently sits at a juicy 60%. Check out our step-by-step guide to discover how to buy and stake your $HYPER.
Being a presale, though, the price increases in stages, while the APY lowers as more holders stake their tokens. In other words, time is of the essence.
Visit the Bitcoin Hyper website now before the next price surge.
⚠️ Disclaimer: As always, do your own research before investing in crypto. This is not financial advice.
Authored by Bogdan Patru, Bitcoinist – https://bitcoinist.com/bitcoin-hyper-nears-20m-best-crypto-presale-to-buy
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