Trump Family Tokens Bullish For Solana

Donald Trump's decision to launch his meme coin on Solana is significantly bullish for the ecosystem, underlining its improved transactional capabilities

Donald Trump has launched his meme coin on Solana, boosting the blockchain’s adoption and transactional activity.

The former U.S. president is known for his love of cryptocurrencies, and his token launch has had a major impact on Solana.

According to analysts, Trump’s decision to launch his meme coin on Solana is significantly bullish for the ecosystem.

Solana has been struggling to keep up with demand lately, but Phantom Wallet says it’s now handling 8 million requests per minute.

Meanwhile, a new Solana layer 2 token is tipped for 100x gains.

Solaxy is the first-ever Solana layer 2 blockchain, tackling the network’s congestion issue, which it has faced for years.

The new layer 2 chain will process transactions in bundles rather than individually, which makes it more scalable. As such, transacting on Solaxy will be cheaper, faster, and more reliable.

Implementing a scalability solution is crucial for Solana’s continued growth – so the timing of Solaxy’s launch is perfect.

The project is currently raising funds through a presale, allowing investors to buy $SOLX tokens before they hit exchanges.

Investors can buy $SOLX for $0.001606 during the presale, but this price will increase incrementally over time.

Moreover, analysts expect a significant price increase once $SOLX is listed on exchanges, where demand is likely to outstrip supply.

As to how far it could go, analyst Crypto June suggests that it could 100x in price. While that may seem ambitious, the new liquidity drawn into the Solana ecosystem by tokens such as $TRUMP and $MELANIA means it should not be ruled out.

Prospective investors can buy $SOLX from the project’s presale website.

This article is sponsored content. All information is provided by the sponsor and Brave New Coin (BNC) does not endorse or assume responsibility for the content presented, which is not part of BNC’s editorial. Investing in crypto assets involves significant risk, including the potential loss of principal, and readers are strongly encouraged to conduct their own due diligence before engaging with any company or product mentioned. Brave New Coin disclaims any liability for any damages or losses arising from reliance on the content provided in this article.