Bitcoin hit a new all-time high of $118,856 earlier this week and looks set to continue its bullish momentum.
$120,000 appears to be imminent, while the Global M2 money supply indicates that BTC could hit $170,000 in Q3 itself.
Bitcoin’s strength is spilling over into altcoins, particularly those with a strong correlation to its price action. For instance, Stacks and ORDI, two prominent coins in the BTC ecosystem, are up by 20% and 25% over the past week, respectively.
A new Bitcoin layer-2 coin, Bitcoin Hyper (HYPER), is also in strong demand, having already raised over $2.5 million in its ICO in short order.
Smart money investors and crypto influencers are already taking note, with many calling HYPER one of the best cryptos to buy early.
Can Bitcoin Hyper’s Layer-2 Boost the Bitcoin Ecosystem Even Higher?
Bitcoin Hyper (HYPER) is positioning itself as the first true Layer 2 solution built for Bitcoin, offering high-speed transactions, native dApp support, and low-cost operations, while settling periodically on Bitcoin’s base layer.
At its core, Bitcoin Hyper utilises the Solana Virtual Machine (SVM) to process transactions quickly and efficiently. A smart contract on the SVM, called the Canonical Bridge, bridges Bitcoin through a trustless mechanism that mints wrapped BTC on the Layer 2 network.
Once a user bridges their BTC to Bitcoin Hyper, the tokens become usable on the Layer 2 with near-instant finality. This L2 doesn’t just allow basic transfers. It unlocks the full utility of Bitcoin by enabling advanced DeFi capabilities – staking, yield farming, lending, and trading on decentralized exchanges.
The secret sauce is the use of the SVM. This gives Bitcoin Hyper the same high-speed, low-fee performance that Solana is known for, allowing the L2 to process thousands of transactions per second.
Smart contracts written for Solana can run on Bitcoin Hyper with minimal changes, enabling easy developer onboarding.
Every interaction – from sending BTC, using a DEX, to providing liquidity – takes place on this high-throughput Layer-2 chain. It is this execution layer where most user activity happens before being periodically settled back to Bitcoin’s Layer 1 for security and finality.
This enables users to transact with near-instant speed and minimal fees, a significant improvement over Bitcoin’s native limitations.
Security is maintained through a decentralized bridge and zero-knowledge proofs, which batch Layer 2 activity and commit it back to Bitcoin’s mainnet. The project has been audited by reputable firms like Coinsult and Spywolf, and reports show no vulnerabilities such as owner-minting or blacklist risks.
Why HYPER Could Be Among the Best Cryptos to Buy Now
The HYPER token lies at the core of the Bitcoin Hyper ecosystem, playing both a utility and governance role. It powers transaction fees, enables staking with high APYs during presale, and funds long-term growth across development, liquidity, and community incentives.
A large chunk of the token allocation is also reserved for upcoming listings. Check out the project whitepaper for more details.
Since its presale launch, Bitcoin Hyper has raised over $2.5 million, which reflects strong community support and good upside potential.
Smart money investors are well aware that Layer-2 coins are excellent beta bets on their respective Layer-1s, and the top projects often reach multibillion-dollar valuations. For instance, Arbitrum and Optimism show a strong correlation with Ethereum, and both have remained over $1 billion valuations despite severely underperforming this bull cycle.
With Bitcoin looking set to hit $150,000 and beyond, a prominent Layer-2 coin like HYPER could deliver outstanding returns, especially for early presale buyers. Other Bitcoin ecosystem coins like Stacks and ORDI are also showing bullish strength, despite having much larger market caps than HYPER.
Unsurprisingly, many are seeing $HYPER as one of the best cryptos to buy.
Interested buyers can visit the project’s presale website or use the Best Wallet app to invest in the presale. They can also check out its X and Telegram accounts for more details.
Visit Bitcoin Hyper Presale
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
Source: https://bravenewcoin.com/sponsored/presale/new-btc-layer-2-project-bitcoin-hyper-raises-2-5m-in-viral-presale-is-it-the-best-crypto-to-buy-now