It’s been a loopy yr up to now for Solana, climbing previous $290 in January earlier than tumbling to $125 in late February.
However in accordance with one knowledgeable, a brand new venture is positioned to show issues round – driving SOL to $300 by the top of the yr.
That venture is Solaxy, a Layer-2 resolution that’s already raised over $25 million throughout its presale.
SOL’s Value Struggles however Merchants View Solaxy as Subsequent Huge Catalyst
Solana has been in a bizarre spot recently.
After a strong begin to the yr, 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 lots of merchants are sitting on the sidelines, ready for a purpose to return.
That purpose is likely to be Solaxy.
This new Solana Layer 2 guarantees to unravel a number of the community’s largest points, like congestion and scalability bottlenecks throughout high-traffic intervals.
Constructed with rollup know-how, Solaxy takes transactions off-chain, bundles them up, and processes them extra effectively.
It’s like cramming a bunch of small packages into one giant cargo as an alternative of sending them individually.
Consequently, customers get pleasure from 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 large 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 yr – particularly if financial situations 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 danger property and despatched crypto hovering.
Again then, individuals had been in a position to retire off their features.
If the same setting performs out, SOL may benefit – and probably rally to $300.
Crypto knowledgeable ClayBro sees one other key issue that would 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 should sooner or later.
As curiosity in Solana picks up once more, congestion will return, and Solaxy may very well be the answer that retains the community operating easily.
If he’s proper, it might assist push SOL to new all-time highs.
Past SOL’s Value Potential – What Coul Solaxy Supply for Early Buyers
However that’s not all.
Even if you happen to’re not betting on Solaxy pushing SOL to $300, there are nonetheless loads of causes to be enthusiastic about this venture.
One of many largest is its staking program, which gives large APYs – early members at the moment obtain 162% in the course of the presale section.
These charges regularly 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 also 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 assist might assist drive demand when SOLX launches.
Talking of which, Solaxy’s crew 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 venture has undergone an audit from Coinsult, which discovered no main points.
The whole lot seems in place for a extremely anticipated community launch.
If Solaxy’s crew delivers on their guarantees, the venture might play a key function in Solana’s subsequent progress section.
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