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Cryptocurrency News Articles
Solaxy and Meme Index: Are These the New Meme Coins to Buy?
Jan 30, 2025 at 09:14 pm
You can almost hear traders breathing a sigh of relief as meme coin prices begin to move upward again. The beginning of 2025 hasn’t been kind to the sector
With meme coin prices rising again, traders are breathing a collective sigh of relief.
The sector has had a rough start to 2025, with many of the top names down 10% or more month-on-month.
But things are looking brighter today. Following the conclusion of FOMC on Wednesday, which announced no change to interest rates, crypto prices have started to climb.
Bitcoin is setting the tone by reclaiming $105k, and meme coins are following suit.
Among the large caps, SPX6900 is leading the way. Its price has shot up 13.7% in the past day to reach $1.27.
Fartcoin is another top gainer, adding 5% to its market cap today. It’s currently trading at $1.07.
The top three meme coins, Dogecoin, Shiba Inu, and Trump, are all up over 1% – but Pepe coin is pushing further ahead. It’s up 3.7% today and currently trading at $0.00001295.
Meme Coins Outpacing Broader Market on Recovery
There’s no doubt that meme coin fans are happy today. While the crypto market’s combined valuation has jumped 0.5%, the meme coin market has risen by 5.5%.
This is a common theme in bullish market conditions. Meme coins tend to be more volatile than other cryptocurrencies, allowing for bigger rises and falls.
Analyst Michael van de Poppe suggests that Bitcoin reclaiming the $105K level indicates that it could create a new all-time high (ATH) in the coming weeks. Given the relationship between meme coins and the broader market, this presents a significantly bullish outlook for the meme coin sector.
#Bitcoin at $105,000 is a great morning. Likely chance that we’ll see a new all-time high in the coming weeks.
However, large caps like SPX6900, Fartcoin, or Pepe will not give the biggest gains. Low-cap meme coins are rising much more.
For example, $10 million market cap meme coin Dogecast has soared 124% in the past 24 hours. Meanwhile, experts are tipping some presale meme coins for up to 100x gains in the coming weeks.
Solaxy and Meme Index Set for Massive Strength
One of the presale tokens tipped for significant gains is Solaxy. It’s the first-ever Solana layer 2 blockchain, aiming to make trading meme coins smoother.
While Solana is highly scalable and can process up to 6,500 transactions per second, the network still grapples with congestion issues during peak activity. This leads to longer wait times and sometimes transaction failures.
The Solaxy layer 2 will use off-chain computation and transaction bundling techniques to handle some of Solana’s workload. But not only will Solaxy be more reliable than Solana, it will also be cheaper and faster, providing an unrivaled meme coin trading environment.
Because of that, analysts predict huge growth is coming. Crypto June is one of those who believe it could give up to 100x returns after launching on the open market.
The Solaxy presale is ongoing and has raised $16 million so far.
Meme Index is another meme coin infrastructure project showing big potential. Like Solaxy, Meme Index makes trading meme coins easier.
However, it’s not a layer 2 blockchain; it’s a decentralized meme coin index investing app.
It lets users buy diversified baskets of meme coins grouped by volatility. The baskets range from low to ultra-high volatility, ensuring there is something for all market conditions and investors of all risk appetites.
Users must hold the $MEMEX token to access the platform, and the token also grants governance rights. Through the project’s DAO, holders can vote on things such as changes to the indexes or potentially adding new ones.
Popular analyst Crypto Boy recently dubbed the project a “100x gem.”
The Meme Index presale has raised $3.1 million so far.
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