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Solaxy ($SOLX) is preparing for liftoff after raising more than $44 million in one of the biggest crypto presales of the year.
The ICO now has just 8 days remaining for investors to jump in before it closes for good—and Solaxy prepares to list $SOLX on exchanges.
It’s a much-anticipated launch that comes amid a bullish reversal in the crypto market and a raft of optimistic forecasts for a new crypto bull market this summer.
With these positive factors converging around the Solaxy token launch, some analysts are suggesting that $SOLX could explode higher once trading begins. There’s even talk that this could be the next 1,000x crypto.
Investors have one last chance to buy $SOLX before it hits exchanges. The presale will remain open at a final price of $0.001746 until Monday, June 16.
At the heart of Solaxy’s impressive presale performance is the project’s plan to revolutionize Solana with a brand-new Layer-2 scaling solution.
Solana has long struggled with congestion issues and transaction failure that have only gotten worse as the blockchain has grown. Solaxy is designed to put an end to these problems once and for all.
The new Layer-2 will not only eliminate congestion, but also make transactions in the Solana ecosystem faster and more affordable. That’s a big deal for anyone who uses Solana-based tokens and dApps, but especially for Solana meme coin traders.
These traders rely on fast and low-cost executions to turn a profit. With Solaxy, they can be confident that a network glitch won’t turn a trade sideways.
As a result, Solaxy is predicted to become the next hub for meme coin trading on Solana, potentially taking up a huge portion of transaction volume on the network. That will further reduce strain on the Solana mainnet while generating enormous demand for the $SOLX token, which is required to pay for transaction fees on Solaxy.
Over time, Solaxy could also become the network of choice for other Solana applications, including DeFi platforms, play-to-earn crypto games, NFT collections, and more. As Solana continues to compete with Ethereum and BNB Smart Chain for dominance of the smart contract blockchain market, Solaxy could give it a significant leg up.
To get an idea of just how big Solaxy and its $SOLX token could become, it’s worth looking to the network where Layer-2 technology originated: Ethereum.
There, dozens of Layer-2 networks have emerged and grown to enormous proportions. Secondary blockchains now have more than $37 billion in total value locked, and some analysts estimate Layer-2s could become more valuable than the Ethereum mainnet by 2030.
This rapid growth has delivered explosive returns for investors in native Layer-2 tokens. For example, Arbitrum’s $ARB token now has a $1.77 billion market cap. Optimism’s $OP token is valued at nearly $1.1 billion.
$SOLX, when it launches, is expected to have a $240 million market cap. So a gain of 4x-5x right out of the gate would put it in line with what Ethereum Layer-2s are worth. A much larger price gain is possible since Solaxy will be the only Layer-2 network operating on Solana, whereas there’s stiff competition for Layer-2 volume on Ethereum.
Excitement around the Solaxy token launch isn’t limited to early investors. Analysts have also been bullish on the project, issuing bold predictions for how high the $SOLX token’s price could climb.
Crypto Christopher, for example, called it one of the ‘best low cap crypto coins’ to buy ahead of the $SOLX launch.
Meanwhile, Borch Crypto backed Solaxy as the ‘best crypto presale to buy now’ and Mark Han predicted it could rocket 100x or more.
The Solaxy team is also committed to maximizing returns for presale investors and has teased major exchange listings once the presale closes. The project hasn’t yet revealed what exchanges $SOLX will list on first, but a launch directly on ByBit or MEXC is within the realm of possibility considering the project’s massive community.
Investors and traders now have just 8 days remaining to buy $SOLX before the presale closes for good. It’s the final opportunity to lock in tokens at a price of $0.001746—and all indicators suggest that $SOLX may never trade at a price this low again.
While the presale remains open, investors can swap $SOL, $ETH, $USDT, or $BNB for $SOLX. The project is also offering $SOLX token staking rewards even at this late stage of the presale, so investors can fill their bags with up to 92% APY.
The Solaxy Layer-2 testnet is already live and the full blockchain is expected to be fully operational when $SOLX launches. This is a one-of-a-kind opportunity for investors to get in on the ground floor of the next major cryptocurrency and be a part of the future of the Solana ecosystem.
This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
