Demand for Bitcoin ($BTC) has once again overtaken the monthly issuance rate of the cryptocurrency, according to a report.
While institutional investors and ETFs have driven much of the demand, a huge chunk also came from smaller investors and high-net-worth individuals.
This growing acceptance of digital currencies among mainstream buyers is a huge plus for other crypto presales, like Bitcoin Hyper ($HYPER) and Snorter Token ($SNORT).
Investors Quickly Snapping Up Bitcoin at Any Price
A report by digital asset trading platform Bitfinex revealed that smaller investors are buying up $BTC at a rate of 19.3K $BTC per month, while only 13.4K new $BTC are issued during the same period.
Bitfinex also cited data from Jan3 that Bitcoin ETFs bought 22.3x more $BTC than was mined on July 9, while demand outpaced the supply created by 19.53x the following day.
According to the platform, this level of $BTC accumulation shows that the market is so bullish that new buyers are willing to buy the world’s most valuable crypto at a faster rate and at any price.
Bitcoin’s spectacular rise over the past several weeks means that it has overtaken silver and Amazon in terms of market capitalization. It is now ranked #5, only next to Apple’s market cap of $3.1B.
With Bitcoin Dominating, What Presales are Worth the Shot?
While $BTC seems a good buy at any price for now, another good news is that there are still plenty of cryptocurrencies that are up for grabs at super low prices. Here are some of the best presales worth considering:
1. Bitcoin Hyper ($HYPER) – Delivering Speed, Low Fees, and Flexibility to Bitcoin
Bitcoin may be the world’s top crypto, but it has its flaws. Its transactions are slow and expensive, and it only offers limited programmability.
Bitcoin Hyper ($HYPER) addresses these limitations with its Bitcoin Layer 2. Once launched, the L2 will deliver Solana-level speeds and smart contracts to the Bitcoin ecosystem.
Plus, it features a decentralized and non-custodial Canonical Bridge. This allows you to transfer your $BTC securely and easily between Layers 1 and 2.
This project has a native token called $HYPER. Holding this will let you pay for transaction and smart contract fees, access exclusive features, and enjoy governance rights.
Alternatively, you can lock in your $HYPER to the staking pool and get passive rewards.
At the moment, you can buy tokens for only $0.012275 each via the Bitcoin Hyper presale page. For step-by-step instructions, you can check out our Bitcoin Hyper buying guide.
2. Snorter Token ($SNORT) – Getting Ahead of Bots and Whales Made Easy
The more crypto demand ramps up, the more difficult it gets to find the next big project. That’s because the market is rife with scams, while bots and whales often beat small investors to the punch.
Snorter Token ($SNORT) wants to level the playing field with Snorter Bot. It’s a Telegram-native crypto bot that lets you find the most promising presales before anyone else with its automated sniping capability.
Aside from that, it lets you manage your portfolio, copy trades, swap crypto, and even detect malicious tokens before you buy them.
Getting its $SNORT tokens through its official presale website will allow you to make the most out of Snorter Bot via low transaction fees, unlimited snipes, and governance rights.
Staking is available with a reward rate of 205%. But if you want to HODL, then it can be a great strategy too, as $SNORT could reach as much as $3.25, according to our Snorter Token price prediction.
3. Neo Pepe Protocol ($NEOP) – Bringing Back Decentralization to Cryptocurrencies
Decentralization has been one of the most attractive characteristics of cryptocurrencies in the market’s early days.
But increased adoption by institutional buyers and governments means that decentralization is quickly fading into the background.
Neo Pepe Protocol ($NEOP) is a presale that wants to fight against centralized control. At its core is its community governance. As a $NEOP token holder, you’ll have direct influence over strategic decisions, such as exchange listings and important project developments.
Costing only $0.083153, it’s a great investment while supporting a worthy cause.
There’s No Stopping the Bitcoin Train
The way it currently stands, it seems that Bitcoin has nowhere to go but up. Of course, a few downtrends are expected along the way, but the market overall seems bullish about its long-term value.
This is why it’s also essential to always be on the lookout for the best presales before they blow up and go mainstream, such as Snorter Token ($SNORT) and Bitcoin Hyper ($HYPER).
These projects offer a lot of potential upside as their underlying concepts are solid and strong communities to back them up.
If you’re planning on buying crypto, be sure to do your research first. This is not investment advice.
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