As the settlement of the SEC vs Ripple case in XRP’s favor shakes the market, Bitcoin (BTC) saw its price surge beyond $85,000

Amidst the market-wide rebound, Solana (SOL) is also recording gains as it went past $135 earlier today. Although it isn't performing as well as XRP and BNB

As the dust settles on the SEC vs Ripple case, which was settled in XRP’s favor, the broader crypto market continues to recover. Bitcoin (BTC) traded above $85,000 again on Monday, while the total market cap crossed $2.8 trillion for the first time since March 9th.

As part of the broader market rebound, Solana (SOL) prices also went past the $135 mark earlier today. While it isn’t performing as well as XRP and BNB on the weekly level, there is still some bullish sentiment surrounding SOL, especially with two funds launching Solana futures ETFs today.

Investors are also keeping a close eye on Solaxy (SOLX), a project that intends to address Solana’s congestion-related issues with the release of a Layer 2 blockchain.

Solana Gets Closer to a Spot ETF As Analysts Expect It SOL Explode In April

After reaching an all-time high (ATH) of $294.33 on January 19th, partly fueled by the rally of the Official Trump (TRUMP) meme coin, Solana experienced a sharp downturn that brought its price as low as $114 on March 11th.

However, the news of Volatility Shares LLC launching two ETFs tracking SOL futures today, according to a filing with the SEC, had a strong impact on the market. Following the news, Solana jumped beyond $135 but has since faced correction and is currently priced at $130.63.

With a 24-hour long/short ratio of 2.75, indicating that only 26.67% of traders are shorting SOL, the token seems prepared for a further breakout in the short term. Pattern analyst Trader Tardigrade is also confident that SOL is headed to the $156 level by the end of March, as he dismissed the possibility of a further decline to $100.

Solana #Sol $SOL 🐃https://t.co/1aUziZ8dxj

The two futures SOL ETFs could pave the way for a Solana spot ETF, which Bloomberg’s analyst James Seyffart believes is highly likely to launch this year.

Chart analyst Mister Crypto is expecting SOL to reach the $250 level by late April, especially considering the hype surrounding it.

As market conditions improve and interest in SOL increases, investors are turning their attention to Solaxy, whose presale could end at a perfect time and result in huge gains once the token hits the DEXs.

Expert Sees 100X Potential In Solaxy Highlighting Its Early Presale Success And Transparency

Solaxy aims to enter the meme coin market by combining Pepe-inspired imagery with utility through its Layer 2 blockchain that’s set to go live after SOLX lists on DEXs.

To mitigate Solana’s congestion issues during peak hours, Solaxy will bundle transactions and process them off-chain, ultimately leading to lower gas fees for investors.

Impressed by the progress of Solaxy’s developers, meme coin expert Crypto Boy praised their commitment to transparency, which is evident in their regular dev updates. According to this month’s update, Solaxy’s developers are now working on adding a token launchpad to the ecosystem, making it seamless to deploy new projects.

He anticipates SOLX to skyrocket by 100x once it hits the DEXs, urging his viewers to start accumulating SOLX now while the presale is still ongoing and nearing its final stage.

The expert also advises his followers to take advantage of the generous 150% staking APY to earn more Solaxy passively. However, the staking APY will decrease as investors stake more SOLX, ensuring early backers get the best rewards.

Solaxy’s Price Scheduled To Increase Today – Here’s How To Purchase SOLX During The Presale

Investors can purchase Solaxy using ETH, SOL, USDT, or a traditional bank card via the presale website. Currently, SOLX costs $0.001668 each, a price that will reach $0.169 by the end of the presale, according to the project’s whitepaper.

Alternatively, SOLX is also available via Best Wallet’s apps, which feature the token in their “Upcoming Tokens” section and also accept BNB as a payment method.

Previously, Best Wallet featured Pepe Unchained (PEPU), a project that developed a Layer 2 solution for Ethereum and soared by over 700% in the first 48 hours after its launch.

User Score

10

Features

Solana Layer 2, Ultra-Fast Transactions

Secure & Scalable, Early Investor Rewards

With $27 million already raised, and a community of over 83,000 followers across X (Twitter) and Telegram, Solaxy stands a good chance of replicating or even surpassing the success PEP