Solana’s (SOL) progress up to now 12 months has been spectacular – and buyers are beginning to marvel how excessive its value may go.
With the community going from energy to energy, one analyst thinks the token may hit $380 in some unspecified time in the future this 12 months.
In the meantime, the brand new layer-2 mission Solaxy (SOLX) can also be getting a number of consideration.
Its presale has simply handed the $9.2 million mark, displaying sturdy investor urge for food for tasks constructing on high of Solana’s ecosystem.
Why Solana Was the Hottest Blockchain of 2024
Solana has had a terrific two years.
SOL’s value surged to an all-time excessive of $263 in November 2024, after beginning 2023 across the $10 mark.
Nonetheless, past SOL’s value motion, the Solana community itself has undergone a big transformation.
As soon as suffering from outages, the community has been with out interruption for nearly a 12 months.
This newfound stability has attracted a surge of builders and customers, with each day transactions usually surpassing these of Ethereum.
Solana’s DeFi ecosystem has additionally exploded – with whole worth locked (TVL) sitting at $8.85 billion.
Most notably, Solana has turn into a power in DEX buying and selling.
By the top of 2024, the community had processed an unlimited $626 billion in buying and selling quantity, intently trailing Ethereum’s $674 billion.
In November, Solana even handed Ethereum’s all-time month-to-month report with $129 billion in quantity.
This surge in exercise reveals simply how a lot momentum Solana has gained just lately.
High Crypto Skilled Thinks Cup & Deal with Sample Factors to Large Beneficial properties for SOL
The SOL token’s value has been a bit shaky just lately.
SOL is down 11% since Monday, sitting at round $197, which is about 25% off its excessive from November.
It’s even been flipped by XRP and DOGE in each day spot buying and selling quantity.
However buyers aren’t panicking, since MartyParty, a preferred crypto commentator with an enormous X (previously Twitter) following, expects SOL to bounce again quickly.
He noticed a basic “cup and deal with” sample forming on the 3-day chart – which normally means the worth is about to take off.
Primarily based on this sample, MartyParty thinks SOL may rise to $382.
Which may appear to be a wild prediction, however it might solely be a 93% soar from the place the token is true now.
Contemplating how SOL tends to make these sorts of explosive strikes, and the way sturdy the Solana ecosystem is changing into, MartyParty’s forecast may not be so far-fetched.
New Layer-2 Scaling Answer Solaxy Raises Over $9M – Can it Pump Increased Than SOL?
With Solana probably about to take off, everyone seems to be watching the tasks being constructed on it.
One which’s drawing a number of consideration is Solaxy – a brand new layer-2 answer that goals to unravel a few of Solana’s greatest issues.
And it could be launching at simply the proper time.
Though Solana hasn’t had a community outage in nearly a 12 months, it generally struggles with congestion and failed transactions.
Solaxy’s purpose is to assist with this by processing transactions off-chain, bundling them up, and settling them on the principle Solana community.
It’s like a site visitors administration system for the blockchain.
Solaxy has now raised $9.2 million in its presale section, and a few large names within the crypto world are taking discover.
Satoshi Stacker, a preferred crypto analyst with over 320,000 YouTube subscribers, just lately mentioned Solaxy in a video.
He praised the mission’s ambitions and predicted the SOLX token may very well be primed for an thrilling 2025.
Proper now, SOLX tokens are priced at simply $0.001594 in presale.
The worth will solely final yet another day earlier than rising within the subsequent presale stage – so those that want to get in on the lowest value should act quick.
Those that do make investments by way of the presale can even stake their SOLX instantly for above-average yields.
So, whereas specialists like MartyParty suppose SOL is about to rally, Solaxy could be one other Solana-based mission to keep watch over.
Go to Solaxy Presale
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