As the broader crypto market faces a red trend, with the ten leading cryptocurrencies recording losses in the past 24 hours, investors are turning to projects that are yet to realize their potential, and Solaxy (SOLX) is getting more attention than most.
Solaxy has just crossed the $22 million raised milestone, making it one of the most hyped presales today. It’s no surprise the presale is raising funds at a rapid rate, as early supporters benefit from a lower entry point and higher staking rewards.
Solaxy has the ambitious goal of improving the scalability of Solana’s mainnet represents exciting news for investors who wish to stay in Solana’s ecosystem while avoiding congestion and slow transaction issues.
Solaxy Token Price Will Increase Tomorrow – Here’s How to Enter the Presale
Currently, Solaxy costs $0.001638 each, but its next price increase is scheduled for tomorrow, or if the presale raises another $270,000 over the next ten hours.
Early backers can also earn SOLX passively by locking their tokens in the staking pool. The project’s current staking APY of 184% will only decrease as investors stake more SOLX, ensuring early investors get the best rewards.
Despite the 3-year vesting period, investors already staked more than 6.2 billion SOLX, which reflects their confidence in the project’s long-term success.
Source: Solaxy’s Tweet
Investors can start accumulating SOLX via the presale website using BNB, ETH, USDT, or a traditional bank card. Alternatively, SOLX is available via Best Wallet’s apps, which feature it in the wallet’s “Upcoming Tokens” section and allow investors to track their token holdings before the token claim event goes live.
Previously, Best Wallet featured Pepe Unchained (PEPU), a project that introduced a Layer 2 solution for Ethereum and surged by over 700% in the first 48 hours post-launch. PEPU ended its presale phase with over $73 million raised, and if Solaxy can match its momentum once it lists on DEXs, it could replicate or even surpass its success.
Expert Believes Solaxy Will Explode Amidst a Higher Demand for Solana-Based Meme Coins
Although a meme token, Solaxy intends to launch a Layer 2 network for Solana that will help the leading meme coin blockchain process transactions faster using a system called rollups.
With rollups, the Solaxy Layer 2 would bundle transactions and process them in Solana’s stead, removing some burden from its mainnet. Plus, the transactions would finalize on Solana’s mainnet, retaining its robust security.
Crypto analyst ClayBro believes Solaxy is joining the market at an opportune time, as he expects the next bull run to be “led by meme coins,” which would put an extra strain on Solana’s network.
Last month, Solana saw increased user activity following the release of Official Trump (TRUMP) and Official Melania Meme (MELANIA), which resulted in congestion issues that saw transactions take days to process.
That’s why ClayBro is confident Solaxy is poised to explode on launch, as he highlighted Solana’s need for a Layer 2 solution that would help it deal with scalability limitations. He advises his 136,000-strong audience on YouTube to add SOLX to their portfolios while the per-token price is low.
Solaxy Emphasizes Investor Security and Community Growth
The success of a meme coin often depends on its early momentum, the strength of its community, and investor trust and security. With over $1 million raised over the past three days alone, it shows no signs of losing traction, even while established coins perform poorly.
Solaxy’s developers allocated 15% of its total token supply to marketing, which has already helped the project gather an impressive following, with over 69,400 supporters on X (Twitter) and more than 7,200 on Telegram.
Investor security isn’t a concern either, as Solaxy has its smart contract audited by Coinsult, a security firm. Coinsult found no underlying issues in its code, confirming investor funds are safe.
To boost investor trust, Solaxy allocated 10% of its total token supply to liquidity, which reduces the risk of a rug pull and ensures a safe trading environment.
Source: Solaxy’s X
According to the project’s roadmap, Solaxy intends to launch its token on multiple chains once the presale wraps up, allowing early investors to bridge their tokens to the Solaxy Layer 2 blockchain.
Solaxy could go live in just a month, according to Coinsniper data, leaving investors with limited time to start accumulating it on the ground floor.
The post Solaxy Could be the Top Cryptocurrency Investment as Presale Raises $22M – 100x Gains Incoming? appeared first on CryptoNinjas.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments