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Even with the recent crypto crash, Solana remained strong. Here’s how the Solaxy presale could push it even higher.
The meme coin market is showing strong signs of recovery after a sharp decline. The total market capitalization of meme coins dropped to $51 billion but has already rebounded to $56 billion, marking a 10% gain.
This recovery aligns with the broader crypto market, where leading assets such as Bitcoin and Solana have experienced significant price increases.
Solana, which dipped to $125, has surged back to $146 per coin. Bitcoin has also made a notable recovery, climbing from $78,000 to $84,000. Shiba Inu and other meme coins have followed suit, posting impressive gains across the board.
If Solana can break through its current resistance level and continue its upward momentum, meme coins on the Solana network could see even greater gains.
One such project gaining traction is Solaxy (SOLX), a token that is not just another meme coin but is building a Layer 2 network on top of Solana. This project aims to address network congestion and scalability issues, positioning itself as a key player in the future growth of the Solana ecosystem.
Solaxy Presale Soars Past $24 Million as Investor Interest Grows
Solaxy’s ICO is performing well despite market fears, generating $150,000 to $200,000 daily and raising over $24 million so far. The $SOLX token, priced at $0.00165, continues to attract large daily contributions even as market conditions decline.
Early buyers can get $SOLX using ETH, BNB, USDT, or a bank card. A partnership with Best Wallet also allows easy in-app purchases. For more information, investors can check out our guide on purchasing Solaxy tokens here.
Excitement is growing for $SOLX’s upcoming DEX launch, with a potential CEX listing afterward. Unlike projects that only promise future utility, Solaxy has a clear roadmap for after the ICO.
Source – Solaxy (SOLX) Twitter
The team has allocated 10% of the total supply (13.8 billion SOLX) for DEX liquidity and 15% for marketing. If you want to see what the future holds for Solaxy, you can check our $SOLX price prediction guide.
Solaxy’s presence on social media is also expanding. Its X (formerly Twitter) account has 69,800 followers, and its pinned post has over 610,000 impressions. This strong engagement reflects rising interest in the project and growing awareness of its potential.
Solaxy Eases Solana Congestion and Offers High Staking Rewards
The next bull market could push more people to buy, causing congestion on Solana’s network. When that happens, the need for Layer 2 solutions like Solaxy will become clearer.
Investors who get in early on projects like this could benefit as demand for scalable blockchain solutions increases.
Solaxy is tackling a problem Solana users know well—network congestion. Solana is fast and cheap, but its rising popularity has led to major slowdowns.
During peak times, transactions often fail, leaving users stuck waiting and paying more than expected. Solaxy solves this by handling transactions off-chain first and then settling them on Solana’s main network.
This simple method reduces congestion when it matters most. By bundling multiple transactions, Solaxy also cuts fees and speeds up processing. Developers can benefit too, thanks to Solaxy’s flexible setup.
Instead of forcing every app into the same model, developers can customize their scaling strategies. This could be a game-changer for high-traffic platforms like DEXs.
On top of that, Solaxy plans to build a bridge between Solana and Ethereum. This would allow users to enjoy Solana’s speed while accessing Ethereum’s liquidity, combining the best of both networks.
The $SOLX token powers the entire system. It’s used for transactions, governance, and staking—currently offering 167% annual staking rewards. These rewards will decrease as more people stake $SOLX, but over 6.9 billion tokens are already locked in. To take part in the $SOLX token presale visit solaxy.io.
Related
- Can Solana Match Ethereum’s $55B Layer-2 Ecosystem With Its First L2, Solaxy? ICO Nears $24M
- Expert Says Solaxy Token Could Be the Top Meme Coin in the Next Crypto Market Rebound
- Market Crash Sparks Opportunity as 3 Crypto Presales Show 10x Potential – $SOLX, $BTCBULL, and $MIND
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