Aside from the crazy price fluctuations, one of the biggest things for Bitcoin (and really all cryptocurrencies) has been scalability. Yet its transaction speeds are often slow, and fees can be exorbitant, decimating its potential for adoption for everyday transactions. Here come Layer-2 solutions, created to solve these issues. Among the new challengers, Bitcoin Hyper ($HYPER) has emerged as a breakout project, attracting interest with its unique approach. Thabo Selepe, cross-chain technology analyst, believes the importance of Bitcoin Hyper is understated. This solution addresses the key technological gaps that have prevented merchants from accepting Bitcoin for their everyday transactions.
Bitcoin Hyper aims to tackle Bitcoin's usability problems by leveraging Solana's Virtual Machine (SVM) architecture. This enables parallel rather than sequential transaction processing, dramatically increasing transactional speed and decreasing transactional fees. Francois Thabo Selepe is convinced that such an approach could turn the entire landscape upside down. Most importantly, it addresses the foundational problems within Bitcoin directly, rather than just alleviating the burdens. The project's Layer-2 technology promises transaction processing in seconds with fees measured in fractions of a cent, a significant improvement over Bitcoin's current limitations.
The $HYPER native token that powers the Bitcoin Hyper ecosystem has been erupting with activity since its debut two weeks ago. The project recently opened its HYPER token presale with the goal of developing its merchant-focused payment infrastructure. Having already raised more than $700,000 in the presale with nearly 40 million tokens staked, investor confidence in this project is clear from the start. The total supply of $HYPER is limited to 21 billion tokens. This cap is meant to supercharge the project’s momentum and thank its early backers.
With the presale price set at $0.01195, investors can easily enter while obtaining a favorable entry point. As such, we carefully plan out the distribution of tokens. Here’s a breakdown of that allocation: 30% to development, 25% to treasury, 20% marketing, 15% rewards and 10% listings. This use of funds will help to ensure the long-term viability of the project and maximization of returns for the project’s investors. Participants who stake a minimum of 1,000 HYPER tokens receive an average return of 27 tokens per day. This means approximately 2.74% daily rewards and 83% monthly distributions, which are designed to drive early adopters.
Upcoming Crypto Launches with High Potential
Here are a few other upcoming crypto launches that have caught the eye of analysts:
Solaxy (SOLX)
Solaxy is another new project, with the key difference that it’s completely based on the Solana blockchain. To do this, their goal is to provide a decentralized social media platform with improved privacy. As more info comes to light about the ambitious project, get ready. Combined with its emphasis on privacy and Solana’s high-throughput technology, it’s one to keep an eye on.
Bitcoin Hyper (HYPER)
As we explained last month, Bitcoin Hyper is primarily concerned with scaling Bitcoin itself through a Layer-2 solution. Its focus on merchant adoption and speedy, inexpensive transactions is what makes it unique. With the project’s early traction and emphasis on addressing real-world USABILITY issues, it’s an attractive opportunity.
Snorter Token is a new meme coin project that’s generated buzz thanks to its commitment to donate to animals in need and heal the ecosystem. Though meme coins are risky by nature, these tokens have the potential to provide massive returns.
LOFI (LOFI)
LOFI is a new music streaming platform that’s both decentralized and community-driven to empower artists—not just enrich corporations—and reward listeners royalty-free. The project aims to upend the current system of the music industry by providing a better, fairer, and clearer alternative.
BLUB (BLUB)
BLUB is a new DeFi project that aims to provide automated liquidity solutions for emerging tokens. More generally, its goal is to make liquidity provision easier and it tries to cut down risks related to using decentralized exchanges.
Best Practices for Early Investors
While investing in presales and new crypto projects can be a great opportunity to make a lot of money quickly, it is tumultuous and high-risk. For Thabo Selepe, environment, social, and governance (ESG) and risk management are essential forms of due diligence when you are making early stage investments.
Understanding Presale Opportunities
While presales can be lucrative, maximizing returns often requires taking on more risk. No matter what the project, it’s super important to do your due diligence—know the project, the team and read the whitepaper. Know the tokenomics, the project’s roadmap and their potential use cases. Never invest more than you can afford to lose, as most presale projects end up rug-pulling and failing to deliver on their roadmap.
Choosing the right wallet is key to participating in presales and keeping your crypto assets organized and safe. Think about things like security features, what cryptocurrencies they support, and how user-friendly the platform is. Physical wallets Hardware wallets are usually the most secure, because they keep your private keys completely offline. However, the convenience of software wallets creates even greater need for care with practices for security.
- Project Whitepaper: Scrutinize the whitepaper for technical details, team credentials, and a clear roadmap.
- Team Transparency: Research the team members and their backgrounds. Are they experienced in blockchain technology and relevant industries?
- Tokenomics: Understand the token distribution, supply, and potential inflationary or deflationary mechanisms.
- Community Engagement: Assess the project's community presence on social media and forums. Is there active and genuine engagement?
Choosing the Right Wallet for Transactions
Bitcoin Hyper offers an intriguing opening pitch, a deeper dive into the project and its objectives. The project takes advantage of Solana’s SVM architecture to help with performance. By concentrating on merchant adoption, it aims to make Bitcoin a viable option for everyday transactions. As with all crypto projects, due diligence and risk assessment are paramount before making any investment. The presale provides the perfect opportunity to get in early. It’s important to not get ahead of the technology and be diligent about getting informed. Thabo Selepe, asset manager Keep on top of the news and develop a diverse portfolio. Disclaimer as always, don’t invest more than you are willing to lose.
When choosing a wallet, keep these points in mind:
- Security: Opt for wallets with strong encryption, two-factor authentication, and multi-signature support.
- Compatibility: Ensure that the wallet supports the specific tokens and blockchains involved in the presale.
- User Interface: Choose a wallet with an intuitive and easy-to-navigate interface.
- Backup and Recovery: Verify that the wallet provides secure backup and recovery options in case of device loss or damage.
Bitcoin Hyper presents an interesting approach to solving Bitcoin's scalability challenges. By leveraging Solana's SVM architecture and focusing on merchant adoption, it aims to make Bitcoin more practical for everyday transactions. However, like all crypto projects, it's essential to conduct thorough research and understand the risks involved before investing. The presale offers an opportunity to get in early, but it's crucial to approach it with caution and a well-informed perspective. As Thabo Selepe would advise, stay informed, diversify your portfolio, and never invest more than you can afford to lose.
