Solana (SOL) Price Tries to Break Above the $177.34 Resistance as SOLX Presale Goes Parabolic

The Solana price is down more than 11% over the last week following a minor 24-hour gain to trade at $173.32 as of 9:59 p.m. EST as investors decide to limit their exposure to the altcoin.

Investors are showing a preference for SOL layer-2 meme coin over Solana (SOL) itself as hype around the new token continues to grow.

Solana is down more than 11% over the last week and 31% in the past month.

Meanwhile, investors are flocking to SOL layer-2 meme coin Solaxy (SOLX) for gains.

Solana (SOL) price is trying to break above a key resistance level after rising 24-hour 1.5% to trade at $173.32 as of 9:59 p.m. EST, but investors are showing a clear preference for a new SOL layer-2 meme coin.

Solana Layer-2 Meme Coin Prefers Investors Over Solana (SOL)

Solana price is up more than 11% over the last week and 31% in the past month. But while SOL price is down at the moment, investors are showing a preference for a new SOL layer-2 meme coin.

Investors are flocking to SOL layer-2 meme coin Solaxy (SOLX) for gains. In a recent video for its over 725K subscribers, popular YouTube channel 99Bitcoins said that SOLX has the potential to soar 100X after its launch.

SOLX price is up more than 2,000% since its presale launch last week. But investors might want to consider buying SOLX for its utility in scaling Solana.

Solana Layer-2 Scaling Solution

Solaxy is the first layer-2 scaling solution that aims to improve transaction efficiency within the Solana ecosystem. Its timing couldn’t be better, as the Solana network is facing increasing computational stress and subsequent high levels of congestion due to the hype around SOL-based meme coins.

As opportunistic developers continue to deploy new tokens to try to profit from the hype around meme coins, Solaxy will help Solana handle the massive transactional workload.

It will do this by running its native layer-2 chain in parallel to the Solana mainnet, processing transactions off of the Solana network, and then submitting batches of transactions to the layer-1 for final validation. This approach to transaction processing has already been proven to be a successful way to help a network scale within the Ethereum ecosystem.

Solana Layer-2 Tokenomics

As part of its mission to scale Solana, Solaxy will also bridge the popular network with the Ethereum blockchain. This connection will lead to the creation of a new-and-improved Web3 infrastructure that can meet the growing demands of decentralized application and meme coin developers in both ecosystems.

Solana Layer-2 Meme Coin Presale Prices

Investors can buy SOLX for presale prices of $0.001642 through crypto or bank card on the project’s website. Anyone that buys and stakes SOLX tokens during the presale will unlock a 179% APY.

Solana (SOL) price is up more than 11% over the last week and 31% in the past month. But while SOL price is down at the moment.

Solana Layer-2 Meme Coin Prefers Investors Over Solana (SOL)

Investors are showing a clear preference for a new SOL layer-2 meme coin. Investors are flocking to SOL layer-2 meme coin Solaxy (SOLX) for gains.

In a recent video for its over 725K subscribers, popular YouTube channel 99Bitcoins said that SOLX has the potential to soar 100X after its launch.

SOLX price is up more than 2,000% since its presale launch last week. But investors might want to consider buying SOLX for its utility in scaling Solana.