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Cryptocurrency News Articles
Solaxy ($SOLX): The Layer 2 Solution Solana Needs to Support Its Meme Coin Market
Jan 07, 2025 at 03:52 am
Amid the hype, Solaxy ($SOLX) is making waves as the first Layer 2 solution built to tackle Solana's network congestion problems.
Solana meme coins, like dogwifhat (WIF), are surging as analysts predict 500x gains. Meanwhile, Solaxy ($SOLX) is emerging as a frontrunner with $8.6 million raised to address Solana’s congestion challenges using Layer 2 scaling solutions.
As the meme coin market heats up in 2025, Solana-based tokens are leading the charge. Analysts are turning bullish on meme coins like WIF, predicting exponential growth reminiscent of Bitcoin’s breakout patterns in late 2023.
Economist Henrik Zeberg has drawn parallels between WIF’s technical setup and Bitcoin’s price surge last November, forecasting a leap to $19—a staggering 840% increase from its current level of $2.02.
Zeberg cited key indicators, including RSI divergence, MACD crossovers and bullish patterns, as signs that WIF could be entering its next major rally.
But this isn’t just about one coin. Zeberg also pointed out that altcoins are entering wave three of a broader bull cycle, where liquidity shifts away from Bitcoin dominance into riskier, high-return assets like meme coins.
While WIF leads the charge, other Solana meme coins are following suit, benefiting from a growing appetite for speculative tokens. However, scalability issues on Solana’s network are raising concerns about its ability to sustain this momentum.
Solaxy ($SOLX): The Layer 2 Solution Solana Needs
Amid the hype, Solaxy ($SOLX) is making waves as the first Layer 2 solution built to tackle Solana’s network congestion problems. With over $8.6 million raised in its presale, Solaxy aims to streamline Solana’s infrastructure while positioning itself as a critical player in meme coin trading.
Solana’s rapid growth has led to network slowdowns, especially during periods of high activity driven by meme coin trading and NFT drops. Data shows that up to 70% of non-vote transactions fail at peak times, highlighting scalability issues that could limit the network’s long-term adoption.
Solaxy addresses this bottleneck through Layer 2 scaling, bundling transactions off-chain before finalising them on Solana’s mainnet. This reduces congestion while maintaining speed and low fees.
Solaxy also acts as a bridge between Solana and Ethereum, combining Ethereum’s liquidity and security with Solana’s efficiency and low costs.
Solaxy Raises $8.6 Million in Presale Amid Growing Demand
Solaxy’s presale has quickly gained traction, crossing the $8.6 million mark in under a month. Early investors have rushed to buy $SOLX tokens at $0.001592, with prices set to rise incrementally in future stages.
Over 2.8 billion tokens have already been staked, earning an APY of 401%—a major draw for passive-income seekers. Investors can purchase $SOLX using ETH, USDT, BNB or bank cards via the Solaxy website or Best Wallet’s Upcoming Tokens portal.
The presale’s rapid growth reflects strong investor confidence in Solaxy’s ability to enhance Solana’s scalability while tapping into the booming meme coin trend.
Why Solaxy Could Outperform WIF and Other Meme Coins
Unlike traditional meme coins relying solely on social trends, Solaxy combines utility with scalability, making it a unique hybrid between infrastructure and meme-driven marketing.
While WIF and similar tokens depend on speculative buying, Solaxy delivers tangible solutions to Solana’s biggest issue—network congestion—giving it long-term value beyond hype cycles.
Analysts, including Jacob Crypto Bury, have called Solaxy a potential 10x presale investment, citing its Layer 2 technology and dual-network compatibility as major catalysts.
Its cross-chain functionality with Ethereum also opens doors to DeFi protocols and institutional investors, providing Solaxy with an edge in attracting liquidity.
Security and Transparency Win Investor Trust
Solaxy has earned credibility through third-party security audits from Coinsult and SolidProof, ensuring its smart contracts are free of vulnerabilities.
Its transparent tokenomics allocate resources for development, rewards, liquidity and marketing, positioning the project for sustainable growth.
With $500,000 raised daily and thousands of new users joining its Telegram and X channels, Solaxy is quickly becoming a go-to investment for those seeking long-term potential in the meme coin space.
Solaxy’s Growing Community Drives Momentum
Its listing on Best Wallet’s Upcoming Tokens portal further boosts visibility, introducing Solaxy to over 100,000 users actively searching for high-potential presales.
Solaxy’s community-first approach, combined with its technical innovations, has solidified its reputation as a long-term player in the meme coin ecosystem.
While meme coins like WIF dominate headlines with promises of 500x growth, Solaxy is carving out a unique
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- Bitcoin Revisits the Pivotal $100,000 Milestone, Coinbase Premium Index Turns Positive
- Jan 08, 2025 at 10:45 am
- With a significant move at the start of the week, Bitcoin has revisited the pivotal $100,000 milestone once again. This move has triggered a wave of fresh optimism among crypto enthusiasts as several key metrics have also seen positive movements alongside the recent upswing.
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- Bitcoin (BTC) Price Eyes Imminent Breakout as Whale/ Institutional Interest Drives Bullish Sentiment
- Jan 08, 2025 at 10:45 am
- By press time, the BTC price exchange was at $97,068 with a market cap of $1.918 Trillion. Consecutively, the global market cap reverted to $3.5 Trillion, while the 24-hour trading volume is at $183 Billion.
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- Binance Coin (BNB) Poised to Repeat 2021's 744% Rally, Target $5,980 by 2025
- Jan 08, 2025 at 10:45 am
- In 2021, Binance Coin (BNB) witnessed an extraordinary 744% surge just 262 days after the Bitcoin halving. Fast forward to 2025, and market observers are drawing some similarities between current price action and the historic rally.
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- Top 5 Crypto Picks for 2025: Leading with Innovation
- Jan 08, 2025 at 10:45 am
- As we approach 2025, the cryptocurrency market is brimming with opportunity. For those looking to broaden their holdings, identifying the most promising digital assets is crucial. This guide highlights five exceptional crypto picks for 2025—BlockDAG (BDAG), Avalanche (AVAX), SUI, Aptos (APT), and Fantom (FTM). Each coin is at the forefront of innovation and growth potential.
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- Ripple (XRP), Stellar (XLM), and IOTA (IOTA) Price Forecast
- Jan 08, 2025 at 10:45 am
- Cryptocurrency prices suffered a big reversal as concerns about a highly hawkish Federal Reserve led to a sell-off of risky assets. Bitcoin price plunged from this week's high of $102,000 to below $97,000, while the crypto fear and greed index dropped to the neutral zone of 57.