It’s been a loopy 12 months to this point for Solana, climbing previous $290 in January earlier than tumbling to $125 in late February.
However in line with one professional, a brand new challenge is positioned to show issues round – driving SOL to $300 by the top of the 12 months.
That challenge is Solaxy, a Layer-2 resolution that’s already raised over $25 million throughout its presale.
SOL’s Worth Struggles however Merchants View Solaxy as Subsequent Massive Catalyst
Solana has been in a bizarre spot recently.
After a stable begin to the 12 months, it has cooled considerably, now sitting at $143 – effectively under its January excessive.
Monday’s crash shook the market, however SOL has clawed again some floor since then.
Nonetheless, the hype isn’t what it was at first of 2025, and plenty of merchants are sitting on the sidelines, ready for a motive to return.
That motive could be Solaxy.
This new Solana Layer 2 guarantees to resolve a few of the community’s largest points, like congestion and scalability bottlenecks throughout high-traffic durations.
Constructed with rollup expertise, Solaxy takes transactions off-chain, bundles them up, and processes them extra effectively.
It’s like cramming a bunch of small packages into one massive cargo as a substitute of sending them individually.
In consequence, customers take pleasure in sooner speeds, decrease charges, and a smoother expertise total.
And it’s not simply an concept on paper – Solaxy’s presale has now raised $25.3 million in early funding, exhibiting huge investor confidence.
Can Solaxy Assist Solana Hit $300 This Yr? Consultants Say It Can
In the meantime, not everyone seems to be writing Solana off simply but.
Some merchants nonetheless assume it has a shot at $300 this 12 months – particularly if financial circumstances shift in its favor.
One dealer, Xremlin, identified that if quantitative easing (QE) returns, we might see a repeat of 2021, when extra liquidity flooded into threat property and despatched crypto hovering.
Again then, individuals have been capable of retire off their positive factors.
If an identical setting performs out, SOL may gain advantage – and doubtlessly rally to $300.
Crypto professional ClayBro sees one other key issue that might assist SOL in the direction of this goal: Solaxy.
In a latest YouTube video, he admitted that Solana doesn’t essentially want a Layer 2 proper now, however he’s betting it’ll sooner or later.
As curiosity in Solana picks up once more, congestion will return, and Solaxy might be the answer that retains the community working easily.
If he’s proper, it might assist push SOL to new all-time highs.
Past SOL’s Worth Potential – What Coul Solaxy Provide for Early Traders
However that’s not all.
Even for those who’re not betting on Solaxy pushing SOL to $300, there are nonetheless loads of causes to be enthusiastic about this challenge.
One of many largest is its staking program, which provides big APYs – early individuals at present obtain 162% in the course of the presale part.
These charges progressively lower as extra individuals get entangled, however for now, they’ve helped lock up a considerable portion of the SOLX provide – encouraging long-term holding.
Solaxy can be constructing momentum on social media.
Its Telegram channel has exploded to over 8,800 members, whereas its X (Twitter) page has grown to 71,400 followers.
That rising help might assist drive demand when SOLX launches.
Talking of which, Solaxy’s group already has plans to listing SOLX on a DEX shortly after its presale ends, with 10% of the provision put aside for liquidity.
Safety-wise, the challenge has undergone an audit from Coinsult, which discovered no main points.
All the pieces appears in place for a extremely anticipated community launch.
If Solaxy’s group delivers on their guarantees, the challenge might play a key function in Solana’s subsequent progress part.
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