After Bitcoin broke through the ATH (all-time high) and exceeded $108,000 in a row, the cryptocurrency market gained momentum again. While bullish predictions from analysts like Inmortal attracted investors, Inmortal’s $500 target for Solana (SOL) created excitement.
Crypto analyst Inmortal recently traded on Solana (SOL)$SOL
drew attention with its $ 500 target for . Inmortal stated that Solana's price will reach this level and that it cannot be stopped. Following Inmortal's comments, which stated that the declines were only distractions, interest in Solana increased. As an indication of this, the pre-sale of the Solaxy token, the first Layer-2 solution on the Solana network, has accelerated. On its first day, the investment in the Solaxy token exceeded $ 350,000.
While Solana is not certain to reach $500, the green tone on CoinMarketCap data is promising for investors. SOL, an Ethereum rival, is up nearly 9% in the last 7 days and is trading at $227 at the time of writing.
In this period when we are talking about Solana's $ 500 target, Solaxy token is attracting great attention from investors. So, what is Solaxy token and why is it attracting so much attention?
Solaxy (SOLX) is a Layer-2 solution developed to make the Solana network more efficient. This project aims to provide solutions to the network congestion, failed transactions, and scalability issues that Solana has been experiencing for a long time. Solaxy aims to increase the speed and efficiency of the network by solving Solana’s current problems.
Investors who want to buy tokens at rock bottom prices in the presale are trying to take advantage of early-stage opportunities. The interest shown in Solaxy's presale has exceeded $ 1 million in the first days. Early-stage investors have the opportunity to earn passive income by taking advantage of high APY rates. Therefore, Solaxy token may become one of the notable presale in 2024.
Solana, while highly praised for its speed and scalability, has technical issues with its network. Heavy transaction traffic increases network congestion and transaction failures. Solaxy is a Layer-2 solution from Solana that addresses these issues. Solaxy processes transactions off-chain, preserving the speed and security of Solana’s main network. This method provides a more efficient and scalable solution by reducing network congestion.
Solaxy provides speed and efficiency without compromising on security. The Layer-2 solution ensures security with transactions taking place on Solana’s powerful mainnet. This is a feature that provides a great advantage for investors. It also aims to encourage long-term loyalty from SOLX token holders with its staking mechanism.
Solaxy offers high APY rates to encourage investors to stake their tokens. At current rates, presale participants can stake SOLX tokens with 2590% APY. The project team plans to distribute 25% of the total token supply to early investors, providing a significant earning opportunity for investors:
Solaxy aims to fully launch its layer-2 solution with a three-phase roadmap. The first phase will be a major step to increase the efficiency of the Solana network. Then, it aims to introduce decentralized applications (dApps) and multi-chain integrations. If the project progresses as planned, Solaxy is expected to see significant growth in 2025 and beyond.
The 70-stage pre-sale has begun, where Solaxy tokens can be purchased at rock bottom prices. The token price is currently at $0.001562 and prices will increase as each stage progresses. Therefore, getting involved in the project at an early stage offers a significant opportunity for investors. Those who want to buy Solaxy tokens can participate in the discounted pre-sale with ETH, USDT, BNB or card transactions.
As the first Layer-2 solution on the Solana network, Solaxy continues to attract investors with a major innovation. If the current issues on the Solana network are resolved and Solaxy is successful, the SOLX token price could appreciate rapidly.