The first quarter of this year was very turbulent for the crypto market. There were significant losses, and there is still no stability in sight. Bitcoin lost over 11% of its value during this period, while Ethereum lost even more—over 45%. Ethereum’s performance was the worst measured since 2018, showing the gravity of the situation.
Meanwhile, according to CoinMarketCap, Solana has lost 56.91% in the past two months and has lost 27.40% of its value during the past 30 days. We will explore the possibility of Solana reaching the $250 price target further, but we will also shed some light on Solaxy ($SOLX), which is recognized as the best crypto to buy now.
Solana has been experiencing ups and downs lately. It went from reaching its all-time high, $294.33, on January 19th, 2025, to losing more than half of its value. Investors are now wondering if Solana could reach $250 by the end of the year.
Judging by the news, this is bound to be a big year for Solana. Nick Ducoff, the head of Institutional Growth at Solana Foundation, expressed Solana’s potential to lead the charge with the increased interest of the institutions in blockchain. The analysts known as Ali on the X platform recently shared that Solana hit a new all-time high in network adoption.
At this point, 11.09M addresses hold the SOL token. If adoption continues surging and SOL breaks the $200 key resistance, the $250 price target is achievable. On the other hand, if things go south, a more modest value until the end of the year would be $125.97, according to Binance’s Solana price prediction.
Either way, wasting time is not an option, which is why many analysts choose Solaxy as the best crypto to buy now. Check out why!
Solana was the best crypto to buy for a long time due to its utility, which served investors perfectly. With its increasing popularity, its limitations are becoming a notable obstacle to investors reaching their investment goal. On the other hand, Solaxy ($SOLX) offers exactly what investors need.
This project is launched on Solana Layer 2 and aims to redefine expectations regarding blockchain innovation. The $SOLX token bridges Solana and Ethereum, delivering something new that investors can benefit from.
The roll-up architecture improves reliability, scalability, and speed, so Solana's issues will be innovatively resolved. The main feature of the Solaxy L2 is unparalleled speed, even when the number of transactions increases.
Also, downtime will be reduced to zero because the transactions will be performed off-chain. The platform is user-friendly, so beginners can use it, while developers can customize dApps with the help of Solaxy's modular infrastructure. The combination of these features makes it the best crypto to buy now.
Solaxy’s utility is very straightforward, which is the reason behind its massive success. The current value of $SOLX tokens is $0.001835, and their value increases in regular intervals. Early participation is the most rewarding because investors get the best value for their money and also because of the high APY.
The current APY is 142%, which is a good way for investors to create a passive income stream and enjoy even greater benefits. The $SOLX presale has raised $28,8 million, and the $29 million milestone is expected to be hit very soon, so it is obvious crypto enthusiasts recognize it as the best crypto to buy now.
Meanwhile, the total number of $SOLX tokens (138,046,000,000) is strategically divided. One portion (30%) is set aside for development, while 25% is directed towards rewards. In addition, 20% is reserved for the treasury. The remaining tokens are split between marketing (15%) and listings (10%), so long-term progress is expected.
While Solana struggles to get closer to its previous all-time high, Solaxy has no problems in its presale. The community of supporters grows daily. This project aims to tackle issues that Solana faces, and it is a perfect choice for meme coin investors who want their transactions performed glitch-free.
Considering that the value of $SOLX tokens is now very affordable and will likely explode after the listings, it is no wonder it is labeled as the best crypto to buy now. If you haven’t secured your $SOLX tokens already, there is no better time than the present.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.