What do you get when you combine the three hottest trends of today’s digital world? Well, you get HYPER, which is a culmination of cryptocurrency meets interest generating asset meets Massively Multiplayer Online Gaming. It is a very well designed cryptocurrency that is in the very initial stages of its birth, and it seems like something every crypto-sailor needs in her arsenal to make money in this brutal world of cryptocurrencies.
So what’s special about HYPER? Here are my impressions and thoughts and the reason I am going to invest in HYPER on a steady, ongoing basis –
- Active Dev: Very important feature of any crypto-project to succeed. The HYPER dev is, well, hyperactive! He’s pushing for good projects in this space and he has a vision related to the use of HYPER in gaming that I am sure he’ll realize soon. The crypto-space is full of talented people, after all. +1 for an active dev.
- Community: There’s already a dedicated forum with giveaways for everyone. “I don’t like the idea of free money”, said no one, ever. The community is growing fast, and HYPER is already listed on a couple of exchanges – ShareXCoin (another very interesting crypto) and Bittrex (oh boy, that was fast!)
- PoS: This is the in-thing, but HYPER took the right approach in having a much higher PoS than coins like Blackcoin. Giving a PoS interest of 1% to 2% per year seems completely meaningless when the price can fluctuate by 10 times that value per hour. I like the 5% monthly interest rate. The inflation isn’t going to be 5% – just look at HoboNickel if you want, with a very steady increase in money supply and no runaway inflation even at 100% PoS. Now, it gives incentive for people to hold rather than dump all their HYPER on the exchanges. Isn’t that good for the price? Yes it is.
- Future Vision: This is nice to have, although not a necessity for an altcoin. HYPER has a vision for being included in online MMO games, and other virtual worlds. If it fails miserably, there’s nothing really to lose – HoboNickel is a successful altcoin for more than a year with no such ‘vision’ to speak of. If it succeeds, then there’s a decent amount to gain, as the price would rise based on the popularity of games using HYPER. Minimal to no downside risk here.
Investor Advice: Make strategic buys. PoS is high, so if you need money, you can always sell the stake generated instead of selling the principal. 5% monthly PoS that matures in 8 hours is pretty legit. If the price pumps up waaay above where it is now, then I’d sell and wait for the dump to buy back my stash.
Disclosure: Long HYPER, and plan on adding more to my position. May sell the stake generated.
Photo Credit: TORLEY