Solana has had a volatile month, losing nearly 22% but still holding its position above the crucial $180 support level. However, investor optimism is still high, with many traders expecting a rally and VanEck’s bullish prediction for 2025.
Meanwhile, Solaxy (SOLX) is a new Layer-2 project that is creating a lot of buzz in the Solana ecosystem. It broke through the $5 million barrier in its presale just a few days ago.
Could these two projects be set to boom in 2025?
SOL Rebounds From Crucial Support Level – Rally on the Cards?
Solana saw a nearly 10% drop over the past week and a 22% fall in the past month.
It then experienced a 9% gain over the past 3 days after rebounding from its $180 support. However, its trading volumes declined during this time, raising speculation if this slight recovery is the calm before another storm.
The altcoin also has found dynamic support near the 200-day EMA, which will likely provide reliable support in its upcoming rally.
Another reason the community is bullish is that Solana’s dominance in DEX activity and the meme coin space has still ensured its position in the spotlight.
The popular American asset management firm VanEck recently predicted Solana could reach $500 in 2025.
VanEck 10 Crypto Predictions for 2025
Prediction #1: Crypto bull market hits a medium-term peak in Q1, sets new highs in Q4. We project Bitcoin to be valued at around $180,000, Ethereum to trade above $6,000, Solana to exceed $500, and Sui to surpass $10.
— VanEck (@vaneck_us) December 13, 2024
According to Coinglass data, SOL’s long/short ratio on Binance stood at around 4.13 at the time of writing, reaffirming traders’ strong bullish sentiment.
This could be partly because SOL has been consolidating on its daily chart for a few weeks and forming the bullish flag-and-pole pattern.
Buyers should wait for a close above this pattern to gauge SOL’s immediate growth potential.
Meanwhile, new project Solaxy has caught huge investor attention due to its developing of a layer 2 blockchain to solve Solana congestion issues.
Many investors view this as a potential catalyst for Solana, particularly given its recent challenges with network congestion. Could this breakthrough bring fast, smooth, and cheap transactions on Solana?
Solaxy Could be the Answer to Solana’s Overload
Solana’s main chain has been pushed to its limits as traders keep piling in.
It’s been crippled by high-frequency trading overload and meme coin frenzies, leading to frustrating slowdowns. This is where Solaxy steps in with a mission to offer an “off-ramp” for transactions, taking the load off the congested network.
The project bundles transactions off-chain and settles them on the Solana mainnet in batches. This allows Solana to do what it does best: quickly process transactions without being bogged down by huge traffic spikes.
Early investors are clearly impressed by this concept, which is evident in its presale numbers. The project is witnessing an average inflow of $500K daily, and has raised over $5 million in total.
In fact, many believe Solaxy might provide the well-needed extra push needed to put Solana back in the spotlight.
Early Investor Excitement Around SOLX
At the heart of the project is SOLX, the native token of Solaxy’s Layer-2 network. This token facilitates transactions, staking, and governance.
Early investors can grab $SOLX for just $0.001578 at the time of writing. However, this price will increase in less than 24 hours when the presale enters the next stage.
The project’s team has also confirmed plans to list SOLX on major exchanges after the presale. This has triggered even more excitement, with investors speculating about potential price surges once liquidity opens up on bigger platforms.
It’s worth noting that SOLX has a supply cap of around 138 billion tokens. This is relatively small compared to some meme projects with an unlimited supply that could face inflation risk.
Triple-Digit Staking Rewards and Strong Investor Support
One feature that’s catching everyone’s attention is Solaxy’s staking portal.
It currently offers an APY of over 750%, but this figure will decline as more investors stake their SOLX tokens. On the surface, it might seem like just another staking gimmick. However, Solaxy positions it as part of a broader plan to grow the Solana ecosystem.
With over 1.5 billion $SOLX already staked, the project’s investor support seems quite solid.
Many popular crypto analysts and channels have highlighted Solaxy’s potential.
For instance, 99Bitcoins, a well-known channel with over 700,000 subscribers, recently reviewed Solaxy. In their new video, the analyst from their team discussed the project’s potential.
He highlighted how the hype could snowball further once SOLX is introduced to mainstream exchange audiences.
And it’s not even just about the big channels. Other analysts have pointed out how Solaxy’s concept could prove useful if Solana experiences another wave of high-volume trading.
Because users can offload their trades to a second layer, the entire ecosystem may run more efficiently—a win-win for both developers and traders.
If the project delivers on its promise, it could set a new benchmark for Layer-2 scalability within the Solana ecosystem.
Interested investors can follow Solaxy on X and join its Telegram channel to receive the latest project updates.
Visit Solaxy Presale
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