Solana Dominated This Cycle – Now It's Time for Solaxy to Shine

Solana has dominated Ethereum this cycle in terms of price action and adoption – and it's all because of its heightened transactional capabilities.

Solana has dominated Ethereum this cycle in terms of price action and adoption – and it’s all because of its heightened transactional capabilities. But with Solana now holding a $65 billion market cap, traders are seeking to replicate its success with next-generation cryptocurrencies. And one project that experts are turning to is Solaxy (SOLX), the world’s first Solana layer 2 blockchain. The goal is to make Solana cheaper, faster, and more reliable. This will open it to further adoption, which could create billions of dollars in value. And right now, investors can buy Solaxy in its token presale, which has raised $27 million so far.

Solana gave 250x gains – but Solaxy will take things to new heights

From the day CoinMarketCap began tracking Solana’s price in April 2020 to its market cycle peak in November 2021, Solana rose in value by over 250x. The rise was primarily fueled by demand for NFT trading on its blockchain. Its low fees and high speeds stripped away the exclusivity of investing in Ethereum-based NFTs, which democratized the technology and allowed larger communities to form around the projects.

And this isn’t the only time Solana has hijacked a crypto sector. More recently, meme coins have become Solana’s strong point. While Ethereum-based Pepe kicked off a meme coin season starting in 2023, most of the proceeding action took place on Solana. Just like the 2021 NFT season, Solana allowed traders to easily buy and sell meme coins without fear of their portfolio being crushed by swap fees.

But despite all these positives, the network is not free of issues. It regularly faces congestion problems in times of peak activity. This occurs in the form of longer wait times and increased rates of transaction failures, primarily when transaction volume surges due to a sudden change in prices or a high-profile token launch. Ultimately, this means that Solana underperforms at the times when performance matters most. And that’s what Solaxy aims to fix.

Its layer 2 blockchain will use off-chain computation and transaction bundling technology to increase scalability, creating a smoother and more user-friendly experience. This could equip Solana to accommodate the future of crypto activity, whether that be meme coins and NFTs, AI agent economies, or real-world assets and as a transactional layer for real-world micropayments.

Analysts predict $SOLX could give 100x gains

Solaxy currently stands as one of Solana’s largest-ever ICOs with $27 million raised. But while that’s an incredible feat, $27 million is just a fraction of the liquidity inside the Solana ecosystem. So, considering the potential impact that $SOLX could make on Solana, experts believe it will experience huge growth this year.

Analyst Umar Khan from the 99Bitcoins YouTube channel says Solaxy is a “Solana gem” that could give 100x gains once it lists on exchanges.

And he’s not the only one expecting big returns. Trader Miles G also agrees that the project could give a 100x ROI.

100x gains don’t happen every day – especially not for projects already worth tens of millions of dollars. However, if there’s one project worthy of such exciting predictions right now, it’s Solaxy. It’s revolutionizing transactions on a network already known for its strong transactional capabilities. That’s a setup that could reshape the entire crypto industry.

Investors can buy $SOLX on Ethereum and Solana

Something else indicating Solaxy has strong potential is that it isn’t just available on Solana – the $SOLX token is also available to buy on Ethereum. While Solana is king when it comes to daily active users and transaction volume, Ethereum remains the blockchain of choice for whales. This is reflected in the networks’ total value locked, with over $46 billion on Ethereum compared to $6 billion on Solana.

By launching $SOLX on both chains, Solaxy can simultaneously benefit from Solana’s active community and Ethereum’s robust liquidity infrastructure. It’s the best of both worlds.

With a promising use case, analyst support, and availability on crypto’s two hottest blockchains, there’s a massive opportunity for Solaxy presale investors right now. However, prospective buyers should act fast because the ICO price will increase throughout the campaign, with the next uptick later today.

Follow Solaxy on X or join its Telegram for updates. Alternatively, visit its website to buy tokens.