The cryptocurrency market is facing significant selling pressure, owing to the worsening macroeconomic outlook and US President Donald Trump’s volatile tariff policy.
However, several prominent analysts remain convinced that the bull market isn’t over and prices will see a sharp rebound in the second quarter. The latest crypto crash is, therefore, just another opportunity to buy the dip.
Indeed, the broader market bearishness hasn’t slowed down the demand for high upside projects.
For instance, a new popular Solana layer-2 coin, Solaxy (SOLX), continues to see strong whale interest and is nearing the $29 million mark in its presale, a sign of high investor confidence.
Several prominent analysts are even calling it the next 10x crypto.
Solaxy — The First Solana Layer-2 Project
Solaxy is a zero-knowledge rollup designed to tackle the network congestion on Solana during periods of heavy traffic.
The Layer-2 chain seeks to improve Solana’s network throughput, increase its scalability and achieve low-latency transactions on both networks, irrespective of the demand.
Solana isn’t typically with Layer-2s, considering it has typically facilitated quick transactions at low costs. However, the relentless demand for meme coins has shifted the landscape.
Nearly 75% of SOL transactions were failing at one point during the 2024 meme coin mania. Despite upgrades to the Solana network, the chain faced similar congestion issues following Donald and Melania Trump’s meme coin launch.
The next meme coin bull market is now on the horizon. The “trenches” are heating up, and early meme coin investors are turning their fortunes overnight with SOL-based projects like Morning Routine (ROUTINE) and Ghiblification (GHIBLI).
Solaxy’s cutting-edge Layer-2 architecture can significantly improve Solana’s scalability ahead of the next meme coin season.
The project’s scaling solution includes zero-knowledge proofs, a deterministic sequencer, a robust state transition function and data availability tools like Celestia, providing the ideal blend of performance and security.
Moreover, Solaxy has partnered with Hyperlane to create a secure bridging infrastructure, aiming for maximum interoperability between Solaxy, Ethereum, Solana and other top Layer-1s. Check out the latest developer updates for more information on Solaxy’s Layer-2 architecture.
Developers have announced strategic partnerships with all major crypto wallets, ensuring a seamless experience for Solaxy users. Additionally, the project is collaborating with various initiatives to support token launches on its platform.
Soon, users may find the next 10x and 100x cryptos on Solaxy.
Will Solaxy Secure Tier-1 Listings?
Besides prominent analysts, the top US-based crypto exchange, Coinbase, also believes that the bull market isn’t over just yet.
It is not without reason that it continues to list high upside projects on its platform. For instance, it recently listed the Ethereum-based rollup protocol AltLayer (ALT), DeFi coin Pendle (PENDLE) and gamified learning platform L3.
It also recently listed two meme coins, Doginme and Keycat.
Experts have made two key observations. Firstly, Coinbase appears to be prioritizing high-utility projects like AltLayer, Pendle and L3, not just meme coins. Secondly, it isn’t hesitant to launch small-cap projects like Doginme and Keycat.
Combining the two observations, prominent analysts believe that Solaxy could be one of Coinbase’s next listings. The project’s presale demand helps as well, evident by its strong presale performance.
Is SOLX The Next 10x Crypto?
Imagine having the opportunity to invest in Stacks, Optimism or Arbitrum during their presales.
These Bitcoin and Ethereum-based Layer-2 projects have multibillion-dollar valuations, despite currently trading significantly below their respective all-time highs.
Unsurprisingly, several analysts believe that Solaxy, the first prominent Solana layer-2 coin, is currently undervalued, despite raising over $28 million in its ICO in short order.
Prominent YouTubers like Crypto Scan, Crypto Geographic and ClayBro have called it the next 10x crypto, and launchpad Best Wallet has added it to their roster of upcoming tokens.
This doesn’t include Solaxy’s attractive staking returns. Presale buyers are generating passive income from their investments, currently at an APY of 144%.
However, the staking rewards are designed to decrease as more tokens are staked, leaving sidelined investors with a short window to benefit from the feature. The SOLX token price, currently at $0.001678, will also continue to increase after every presale stage.
It is not without reason that whales are continuing to pour six-figure investments into SOLX during the presale. The latest deep-pocketed investor purchased nearly $200k worth of the meme coin in a single transaction.
Check out the Solaxy whitepaper or its X and Telegram accounts for more information regarding the project.