Bitcoin Hyper (HYPER) Price Prediction: Will the Bitcoin (BTC) Scaling Solution Reach New All-Time Highs?

Bitcoin’s arrival to its all-time high value has led to the emergence of Bitcoin alternatives promising to provide better mechanics while retaining the same decentralized themes.

Bitcoin’s arrival to its all-time high value has led to the emergence of Bitcoin alternatives promising to provide better mechanics while retaining the same decentralized themes.

One of these particular hype-fueled projects is Bitcoin Hyper.

Described by the official website as Bitcoin’s first L2 chain, Bitcoin Hyper promises speed and scalability, and the imagery it portrays is of a Pepe wearing a Flash costume, signalling it is also a meme coin.

With the market already facing an influx of projects offering different versions of the present high-cap cryptocurrency projects, is Bitcoin Hyper any different? And how will the Bitcoin Hyper price climb the price charts after going live?

What is Bitcoin Hyper?

According to the official website, Bitcoin Hyper is a project that finally unlocks fast and cheap Bitcoin transactions. Emerging as an L2 ecosystem, the project promises to unleash the true power of Bitcoin, making it suitable for payments, as well as the development of meme coins and decentralized applications.

Bitcoin Hyper highlights the reason for its existence in its official whitepaper. It correctly focuses on the current issues of the standard Bitcoin ecosystem.

For one, the transaction speed is low and the cost is high. Secondly, there are scalability constraints that emerge due to this slow speed. Additionally, being the first of its kind, Bitcoin by itself has no support for smart contracts, forcing developers to build around current limitations.

Bitcoin Hyper reportedly addresses this issue by acting as a real-time Layer 2 solution for scaling Bitcoin. The vision is to make the Bitcoin ecosystem more robust so that it becomes more than just an investment instrument.

An Insight into How Bitcoin Hyper Works

The home page of Bitcoin Hyper’s website provides a graphical representation of how it accomplishes its task.

The Bridge

The focus is first put on the bridge, on which users will deposit BTC to a designated address, which will be monitored by Bitcoin Hyper’s canonical bridge. Then, the Bitcoin Relay Program, a Solana Virtual Machine Smart Contract, comes into play to verify the Bitcoin block headers and transaction proofs. After a successful verification, an equivalent amount of BTC is minted on Bitcoin Hyper’s layer using a trustless methodology.

L2 Operation

The platform claims that users will be able to receive BTC on Bitcoin Hyper’s L2 through instant finality. According to the website, the layer will also support DeFi operations such as staking and DEXs, which will be made possible through Solana’s Virtual Machine, ensuring high scalability and throughput.

Settlement and Security

Bitcoin Hyper will batch and compress L2 transactions by utilizing ZK proofs to ensure transaction validity. And thanks to the canonical bridge, the state of Layer 2 will be committed to Layer 1, which will reportedly maintain the synergy between the two chains.

Withdrawal to L1

Users will give a withdrawal request on Bitcoin Hyper’s Layer 2, after which the system will verify the Layer 2 state and generate proof for the canonical bridge. This proof will then be verified to release the corresponding BTC to the user’s Bitcoin address on Layer 1.

HYPER Tokenomics

The native token of Bitcoin Hyper is $HYPER, and below is an insight into its tokenomics:

Token NameHYPERTotal Supply1 BillionInitial Circulating Supply500 Million

The HYPER token will have a role in the governance of Bitcoin Hyper, and it can be used to pay for gas fees and network maintenance. It will also be used for the community pool, which will fund projects that aim to expand the Bitcoin Hyper ecosystem.

The token will be deployed on multiple chains to ensure maximum reach andoperability.

Moreover, HYPER will have liquidity on DEXs and CEXs, providing users with flexibility in trading the token.

The tokenomics of HYPER are designed to be fair and transparent, with no mint or private sale tokens. The tokens were allocated to the following:

AllocationCategoryPercentage

20%HYPER Tokens sold in the presale

15%Community tokens, which will be distributed through various programs and initiatives

15%Early contributor tokens

15%Liquidity tokens, which will be used to provide liquidity on DEXs and CEXs

10%Ecosystem fund tokens, which will be used to fund projects that aim to expand the Bitcoin Hyper ecosystem

10%Team tokens, which will vest over four years

15%Reserve tokens

Finally, the HYPER tokens will be released in batches to prevent market imbalances and ensure the long-term stability of the token price.

Bitcoin Hyper Price Prediction

Bitcoin Hyper presents an interesting proposition, and trying to provide an L2 solution to Bitcoin is a smart pick. This is especially relevant considering Bitcoin has recently reached its all-time high. However, macroeconomic conditions and meme culture should also be considered when making a proper forecast.

Short-Term Price Prediction

In the short term, Bitcoin Hyper could leverage its core attributes—centered around its use case and meme appeal—to grow in value. The image of a “Pepe-based Bitcoin” is