
Even though $SOL is currently experiencing the effects of bearish market sentiment, Solana price prediction suggests a possible $300 milestone.
At the same time, a new Solana-based presale coin has drawn the attention of the crypto community with its innovative features, aiming to outperform its underlying blockchain. The project has been making significant upgrades to improve transaction speed and efficiency.
Can this new crypto star really outperform Solana? All that can be said for the time being is that if Solaxy is successfully implemented, it could provide Solana users with much-needed relief.
Despite Solana’s drop of 15.9% in the last week, analysts are optimistic about its future, with the 103% volume increase bringing hope. In the last month, the price has been fluctuating between $114 and $144. Its current price is $115.54, well below its all-time high of $293.31, reached earlier this year.
According to the Solana price prediction, $SOL may reach $200 by May, with the possibility of hitting $300 sometime soon. Many hope that the launch of Solana Futures ETF will lead to substantial growth and institutional adoption. Moreover, PumpSwap, a Solana-based DEX, recorded $2.5B in trading volume within ten days of its launch.
However, others believe that without a broader market shift, $SOL is unlikely to break key resistance levels any time soon.
The Solaxy project introduces the first Layer-2 blockchain for Solana. Its purpose is to outperform Solana by providing lower costs and higher speed while avoiding congestion and failed transactions, something Solana has been struggling with.
Last year, for instance, Solana showed a substantial failure rate in its transactions, with 75% of its non-vote transactions failing.
Solaxy will use transaction bundling technology and off-chain computation to finally eliminate Solana’s congestion issues. This will enable Solana to function during periods of peak network activity and allow developers to launch high-volume apps without scalability concerns. Moreover, Solaxy has partnered with Hyperlane to improve reliability and security, ensuring a seamless experience even during testing.
According to Solaxy’s Dev Updates page, the latest developments involve refining transaction processing and optimizing the sequencer to report transactions back to Solana. If Solaxy is successfully implemented, it could provide Solana users much-needed relief. That’s why popular crypto figures, like ClayBro, point to $SOLX as the best crypto presale recently, highlighting that it provides use cases and not just hype.
Another reason this is considered a top presale is because $SOLX has raised over $29M so far. Interested investors can buy the token at a current price of $0.001682, yet they should keep in mind the price rises with every presale stage. Moreover, the presale is reaching its end, so those interested in obtaining $SOLX should do it now while the price is still low.
Although Solana has been experiencing the market’s downturn, analysts are optimistic. A Solana price prediction indicates the coin may reach $300 in the near future.
During Solana uncertainties, investors are shifting to a trending option with better upside potential – Solaxy. This project represents the first Layer-2 blockchain on Solana, which will potentially become superior to Solana, given its purpose of offering lower costs and higher speed while avoiding congestion and failed transactions.
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