World's First Solana Layer 2 Meme Coin ICO Hits $10 Million - Can It Pump By 30X?

The brand new project for Solana’s network could be worth taking a closer look at – massive profits on the horizon after its presale ends Sponsored

The crypto market isn’t looking too good at the moment as a red wave has swept across all coins.

Ethereum and Solana had the most notable decreases, with both trading lower by more than 15% in the last 7 days. Bitcoin is trading around the $93,000 price point, reflecting a 6% devaluation.

All of this is thanks to U.S. treasury yields pressuring riskier assets with their unexpected rise, making investors shift their attention to more stable options.

Can you still make profits in this period? Of course, you can.

In fact, the new Solaxy ($SOLX) brings massive innovations that have the potential to bring enormous profits, especially as it’s still in the early phases.

Let’s check out the details.

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Solaxy ($SOLX) Passes the $10 Million Milestone in Fundraising – Is This the Next Breakout Token?

Solaxy ($SOLX) is still in the presale phase, however, this didn’t stop it from showing significant potential.

Just recently it has made the news with its latest achievement. It has managed to pass a whopping $10 million in sales, reminding everybody that utility-based projects will always prevail.

The presale is structured in stages and with each new one there is a minor price correction for the native $SOLX token. In the current phase, investors can secure their coins at $0.001598, but they must hurry as the next price increase is just hours away.

The team behind this project has made this token accessible to everybody, therefore you can purchase $SOLX using Ethereum, Solana, Binance Smart Chain, or even with traditional bank cards.

Investors can hold on to their tokens for impressive annual percentage yields (APY) rewards which are now going up to 349%. However, with over 3.2 billion tokens staked right now, this reward isn’t going to stay this high for much longer.

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This Project Stands Out With Its Groundbreaking Technology As The First Layer-2 Solution For Solana

What makes this project so special is the innovation that brings to the table, making it more than just a coin. This project introduces the world’s first Layer-2 blockchain to Solana which is set to improve all the aspects of this widely popular network.

It mainly fixes the scalability issue which has plagued its users from the start. This also solves Solana’s problem with failed transactions leaving it as a thing of the past.

The speed is also greatly improved as there are now two layers working together, therefore having much lower congestion and allowing for seamless transitions between them.

Transaction costs are also now the lowest they’ve ever been which makes this coin ideal for traders, especially in bear market times where every dollar counts.

There is also a multi-chain option incorporated in this project which merges Ethereum with Solana, reaping the benefits of these two successful networks.

Security is also top-notch as it passed audits from Coinsult. This is a big stamp of approval for the platform's security and stability, leaving users with peace of mind.

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Famous Figures In The Crypto Community Are Standing Behind $SOLX – They Believe In Its Long-Term Potential

Besides all these impressive features and numbers, this project is also heavily endorsed by some of the well-known names in the industry.

For example, ClayBro is a famous crypto YouTuber who has made countless analyses and predictions on various projects. With over 135k subscribers his opinion is deemed trustworthy and many follow his suggestions on the crypto market.

In his latest video, he highlighted how $SOLX’s innovation could be the driving force behind its potential longevity.

Also, we have Cryptonews, a well-established platform known for its in-depth coverage and industry insights, which has extensively reviewed this project. They praised its unique approach to solving Solana’s scalability challenges and its innovative Layer-2 design.

Crypto Gains, another prominent influencer in the crypto community, has shed light on $SOLX. Known for breaking down complex projects into digestible insights, he applauded the platform’s multi-chain interoperability and staking rewards.

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Conclusion

The crypto market is navigating through a challenging phase, with many assets experiencing a downturn.

Yet, even in uncertain times, opportunities for innovation and growth remain abundant. Investors continue to seek projects that offer utility and long-term potential rather than just short-term gains.

One such standout is Solaxy ($SOLX), the first Layer-2 blockchain for Solana. By tackling scalability and transaction inefficiencies, it enhances Solana’s capabilities while offering interoperability with Ethereum.

Its impressive presale performance showcases strong community support and investor confidence.

With its advanced technology and endorsements from leading industry voices, this project is a must-have for all investors