there is alot of basic things you can do to get it to go faster.
i did one thing to my 26inch and it is one of the fastest ive ridden
1 you can get a smaller sproket, switch it from the stock 48 tooth or whatever size it is and get something around 36 teeth. i did that and increased the speed about 20 mph no joke
2 port the intake and exaust, take a dremmel and make the intake and exaust holes on the head a little bigger to increase the flow also grind down the piston on the exause side just a little to let it excape faster.
3 deck the cylinder (not recomended) but if you have something that can keep it level and smooth take bairly any off to give it more compression.
keep in mind tho that if you mess up your going to need a new cylinder.
4. nos kit. get a co2 tire pump (ultraflate) and go to a headshop/ smoke shop and get the little nitrogen canasters and run a line into your air filter close but not directly into your carb. the canasters dont fit in the tirepump so u have to space it with washers. dont run the nos straight into the intake because it forces the airfuel mixture out of the carb and runs the motor on striaight nitrogen which will blow it up or sieze it.
i only recomend 1 or 2 because those dont do damage to the motor like 3or 4 can. but ive seen all of them done and seen bikes run crazy speeds like around 55 60 mph. ive also seen a motor blow all the gaskets on it when running nos, and other motors trashed because they were decked to much