A Bitcoin boom is sending crypto prices higher, but experts believe Solaxy ($SOLX) will provide above-average returns in the coming months.
Bitcoin is approaching its highest level in almost one month, sending waves of optimism through the crypto market.
In turn, altcoin prices are soaring, with Solana crossing $141, XRP reclaiming $2.1, and BNB hitting $600.
However, Solaxy is building the world’s first Solana layer 2 blockchain, so it’s expected to see substantial gains in the months ahead.
It aims to slash transaction fees and improve speeds, making Solana more usable, even amidst peak network activity.
Solaxy is undergoing a presale, which allows investors to buy at a ground-floor price while contributing to the project’s development.
The presale has raised $30.9 million so far, making it the biggest Solana ICO ever. This underlines Solaxy’s massive market appeal and signifies that it could be a top performer as the Bitcoin rally continues.
Solving Solana’s congestion problem with rollup technology
Solaxy is breaking new ground with the world’s first Solana layer 2 blockchain. There’s real intent behind the idea, with the project tackling a pressing infrastructure-level issue.
During periods of high network activity, Solana struggles with congestion. Validators cannot handle all requests, leading to longer wait times and failed transactions.
This issue was exacerbated in January when Donald Trump launched his meme coin on the network. At the peak of the excitement, there were millions of transaction requests per second, making the network unusable and causing many traders to lose money.
The Solaxy layer 2 will allow Solana to continue functioning, even during these high-volume instances.
It will handle some of Solana’s workload on a roll-up blockchain, which processes transactions in bundles rather than individually. This makes Solaxy even more scalable than Solana, leading to cheaper, faster, and more reliable transactional throughput.
The project recently launched a block explorer for its test network, allowing users to track its real-time performance. Over 1 million transactions have successfully completed on the test net so far.
Expert tips Solaxy for 100x gains
Solaxy is in a unique spot right now. It’s spearheading a charge to uplift Solana’s transactional capabilities, but it’s also available to buy at a ground-floor price. This juncture has experts excited.
In a recent YouTube video, RJ from Cryptonews speculated that $SOLX could give 100x gains.
He noted that the Solaxy team is making rapid developments, which contributes to the project’s promising outlook.
Solaxy has also been featured in several leading crypto media news outlets, including Cointelegraph, CryptoPotato, and 99Bitcoins. It’s rare for an early-stage project to get attention from such high-profile industry players, which further exemplifies its strong market appeal.
Bitcoin is on fire, but traders are flocking to Solana
Although Bitcoin is dragging the rest of the market higher today, Solana has the bragging rights regarding users and on-chain trading volume.
This is because rising prices and market sentiment increase investors’ risk appetite. And when it comes to taking risks – there’s no better chain to do it than Solana.
With competing meme coin launchpads Pump.fun and LaunchLab both generating increasing interest recently, plus readily available perp trading on Jupiter and other DEXes, Solana is the easiest place for traders to dial up their risk exposure.
For that reason, it’s dominating in on-chain metrics right now. Over 81 million people have used the chain in the past month, and it has generated more trading volume than any other network this week at $1.67 billion.
As a result, Solana has outpaced the other top five cryptos with a 6% weekly gain.
But looking ahead, Solaxy’s increased transactional capabilities Solaxy could make $SOLX the biggest provider of gains.
However, the Solaxy presale price will increase throughout the ICO, so potential investors should not wait to get involved.
Follow Solaxy on X or join its Telegram for updates. Alternatively, visit its website to buy tokens.
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Editor-in-Chief of CoinCentral and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@coincentral.com
