In times like these, it is difficult to achieve returns at the cryptom market. The Bitcoin course does not really come from the spot and has been commuting around $ 85,000 for days. This also ensures that most old coins have little movement. The shock of the new trade tariffs is still deep. After all, investors have felt with full hardness how quickly the market can crash. In the difficult environment, only Solana ($ Sol) is very Bullish and there are also its reasons.
$ SOL course increases by 45 %
It has been almost 2 weeks since Solana, like many other coins, has reached its low point. The $ SOL course fell to $ 95. Incredible when you consider that the cryptocurrency noted in almost $ 300 in January. After all, this is one of the largest coins after market capitalization. Now it turns out that $ Sol recovers just as quickly.
($ Sol chart – source: Trading view)))
In the last 12 days, $ Sol has increased by over 45 % and thus by far the strongest altcoin in the top 10. In the past 7 days alone, the bulls have been able to drive the course up by more than 13 %, while Bitcoin and Ethereum have just risen by 2 %. This strength is likely to be due to two reasons: Launchlab and Solaxy.
Meme Coin platforms drive Solana again
Even if it is a thorn in the eye for many, it is not the innovation that prevails on Solana. While Ethereum performs worse, but can score with regard to the tokenization of assets and defi, it is mainly meme coins on Solana that use the blockchain. This has already been shown after the launch of Pump.fun and now with Launchlab from Raydium, strong competition for Pump.fun has emerged.
Both platforms enable users to create their meme coins with just a few clicks, without programming knowledge. At the start of Pump.fun, this led to the fact that thousands of memes were launched every day and now increased trading activity on Solana is also evident through Launchlab. Since you need it to trade the tokens, the need and the course also increase. However, this can also lead to problems, which is why Solaxy ($ Solx) also contributes to the strong performance of Solana.
First layer 2 for Solana awakens hope of more stability
Solana will probably keep the call as a Meme Coin Blockchain for a while. However, the meme coin trading also means that the blockchain is permanently busy. This regularly leads to transaction drops and downtimes when the blockchain is overloaded. This could be reinforced by Launchlab and Pump.fun. Especially when the courses at the cryptom market rise again and more traders with Meme coins, it can become problematic for Solana.
With Solaxy there is now the first Layer 2 solution for Solana, which can process part of the transactions off-chain and can transfer the results to Solana. Solaxy could soon help stabilize the Solana ecosystem. A concept that is very well received by investors. Solaxy comes with the native token $ Solx, which is currently still available in advance and is already exploding demand.
($ Solx token advance sales-source: Solaxy website)))
Since there is not often the opportunity to invest in such an early phase in a new coin with new blockchain, investors have bought $ Solx token worth over $ 30 million within a very short time. This should be due to the fact that Layer 2 solutions for Ethereum have already reached ratings in billions and analysts assume that Solaxy could achieve the same for Solana as Layer 2. For early buyers, this would mean extremely high returns of up to 1,000 %.
Especially at the beginning, when market capitalization is not yet so high, the course can quickly increase many times over. Solaxy also has a staking function in which the staking return is dynamically calculated based on the number of tokens in the staking pool. This means that early investors in particular can achieve high returns, since the APY is still the highest. All in all, it looks like $ Solx could be one of the most promising coins this year.
Get in in time now and buy Solaxy in the Presale.
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