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Bitcoin Hyper Token Presale Adds Utility to Bitcoin – Next Big Crypto?

Bitcoin Hyper token is a new cryptocurrency project promising to turn the traditionally speculative-driven ecosystem of Bitcoin into something worthy of long-term attention.

Addressing the key shortfalls of the existing Bitcoin network, Bitcoin Hyper has come up with innovative solutions driven by its L2 ecosystem.

The ideas are solid, the appeal is strong, and Bitcoin Hyper has been a success in its ongoing presale. However, Bitcoin Hyper ($HYPER) is not the first project aiming to enhance an existing ecosystem. Can it still stand out enough to become the next big crypto?

What is Bitcoin Hyper?

The primary narrative that Bitcoin Hyper focuses on is providing Bitcoin with a layer 2, which it has created to address several shortfalls within the traditional Bitcoin network.

These issues have always been prominent, stemming from the same old archaic design that doesn’t give much wiggle room for innovation and experimentation.

For instance, Bitcoin is ripe with scalability issues, which have become more prevalent now with mining becoming difficult as more and more institutional investors have bolstered the demand for this asset.

The lack of programmability is next, which is an obvious drawback, as Bitcoin was conceived before the concept of smart contracts even emerged.

However, unlike most ecosystems, including Ethereum, that have taken a stand to evolve their own ecosystems, Bitcoin has remained its old self—a speculative asset with not much in the way of use.

With Bitcoin Hyper, however, all the speed-related and scalability issues are promised to be handled thanks to a robust implementation of the L2 paradigm.

And the project promises to provide it all while staying close to its memetic roots.

It has created a unique mascot involving a Pepe wearing a Flash costume. It is unique and expresses the developers’ desire to create a strong ecosystem clearly.

Establishing A Strong Utility-Driven Ecosystem

Bitcoin Hyper has established three core use aspects to make its ecosystem stand out.

Real-Time Layer 2 for Scaling Bitcoin

The project’s first highlight, as mentioned in the whitepaper, is how Bitcoin Hyper operates. It functions as a high-performance Layer 2 blockchain. Transactions get executed on the Solana Virtual Machine before being sent to the Bitcoin Layer, which ensures high throughput and low-cost settlement.

Solana Virtual Machine Integration

With Solana Virtual Machine integration, Bitcoin Hyper is able to create lightning-fast, low-latency execution of smart contracts and decentralized applications.

The Canonical Bridge

Bitcoin Hyper has created its own Canonical Bridge, a decentralized, non-custodial bridge to facilitate the connection between its L2 and Bitcoin’s Layer 1.

A combination of these factors could evolve Bitcoin’s ecosystem. And the official whitepaper has highlighted that it could enable the Bitcoin network to host NFT platforms, decentralized applications, and developer tools.

Bitcoin Hyper Tokenomics

The Bitcoin Hyper tokenomics is utility-focused, with 21 billion tokens allocated to tasks that could evolve the ecosystem.

  1. 25% of the supply is for the treasury, which will focus on business development and community activation.
  2. 20% is for marketing, aimed at engaging Tier 1 geos and spreading the word about the project.
  3. 15% is for community rewards to keep the community engaged.
  4. 10% is for listing on multiple exchanges.
  5. 30% is for the development of the project and evolving it according to community feedback.

Factors that Could Boost the HYPER Price

Bitcoin Hyper has multiple factors that could give its price a major boost:

Bitcoin Narrative

First, it is focusing on the Bitcoin narrative, which already gains traction among the wider community focused exclusively on the world’s largest cryptocurrency. Since it is trying to turn the Bitcoin network into a utility-driven ecosystem, it could attract people looking for assets that rely on more than just speculation.

Solana Narrative

Built on the Solana Virtual Machine, Bitcoin Hyper also benefits from the Solana narrative. Solana-based tokens have consistently outperformed most newly released cryptos, and the same could happen for Bitcoin Hyper.

L2 Ecosystem

The number of L2 ecosystems is increasing, despite pushback from many founders. This shows that the development community is showing interest in this model, which makes Bitcoin Hyper a smart pick for developers.

Meme-Based Appeal

The final factor is the project’s meme-based appeal. There is not an inch of dishonesty in what this project is trying to accomplish. The imagery of a Pepe wearing the costume of the world’s most popular speedster gives it a unique niche.

The tweets are focusing on this superhero factor as well, further making Bitcoin Hyper a strong pick for short-term investors.

Bitcoin Hyper Presale Has Raised $500K Already

Bitcoin Hyper’s meme-based appeal and utility-driven ecosystem have already raised a lot of eyebrows. Even though the project launched only recently, it has managed to raise over $500K to date.

Analysts such as Allesandro De Crypto have discussed this project in greater detail in their latest analysis, and all of the commentary has been positive.

Those who are interested should visit the official Bitcoin Hyper website to learn more about the project. Investors are also encouraged to follow Bitcoin Hyper’s Twitter and Telegram pages, as they showcase the project’s viral potential.

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