Bitcoin, XRP, and Solana have held their support levels even when the global crypto market fell by 1.7%, now sitting at a market cap of $3.5T.
Bitcoin ETFs have seen four consecutive inflow days led by BlackRock. The investment giant has gobbled up $3.2B worth of BTC. CEO Larry Fink suggests that BTC can reach $700,000 if funds increase allocation to 5% from 2%.
This ETF influx stems from the hopes of Solana ETF getting approvals in 2025. Market data suggests a 97% probability of that happening, too. Solana has also seen a significant surge since 15th January. It currently stands at 34% gains from the lows of $181.88 on 14th Jan.
During this time, it reached a high of $295.83, gaining almost 60% in 5 days. The price has since stabilized at around $240.
XRP also saw a similar price boost as it rose from $2.3545 on January 1 to a high of $3.4 on 16th Jan – a gain of almost 62%. XRP’s price has also since been steady and is now trading at around $3.0886.
Ever since Trump won the presidential elections, the crypto market has seen quite a significant boom. Bitcoin reached an all-time high, crossing the $109,000 mark.
Trump’s pro-crypto approach and promises to bring in crypto-friendly legislation have kept the hopes of crypto enthusiasts high.
There are already early signs of that happening. For instance, Trump’s decision to pardon Ross Ulbricht is being viewed as good news for privacy-preserving technology advancement in the crypto field.
The launch of $TRUMP, the US president’s official meme coin, has also drawn the attention of investors. Soon after its launch last week, $TRUMP quickly shot up by over 12,000% overnight.
With the influx of various projects, the meme coin market looks bullish for the next year. If you’re looking to ride this upcoming bull run, we’ve got a project you can invest in – Solaxy ($SOLX).
What is Solaxy?
Solaxy ($SOLX) is Solana’s first Layer-2 solution that looks to solve the issues of failed transactions, congestion, and scalability bottlenecks in the Solana Layer-1 chains.
With time, Solana has become slow as the traffic has increased, leading to longer wait times. Solaxy looks to solve this through bundling transactions.
Another unique thing about $SOLX is that it’s a one-of-a-kind multi-chain solution that works on both Solana and Ethereum networks.
This way, $SOLX combines the best of both networks – Ethereum’s liquidity and Solana’s transaction speeds, easily making it one of the best meme coins.
Having already raised over $13M, the $SOLX presale is off to a flier; here’s a guide on how to buy $SOLX if you want to grab some for $0.001612 per token. The next price increase is set to take place within 2 days from now.
So, this is the lowest you may get $SOLX for — a coin that could potentially make you a crypto millionaire in 2025.
Why Can Solaxy Be the Next 100X Meme Coin?
For starters, Solaxy isn’t just another hype-based meme coin. It solves a very important issue faced by crypto investors.
By sharing the burden of Solana 1 layer, it batch processes transactions, leading to lower costs and quick turnaround time. This utility puts it in a unique position, making it one of the hottest meme coin presales in January.
Also, a new Bitwise report has predicted that the price of Solana ($SOL) can reach $6,636 by 2030 – a massive 3,000% increase. The same report states that Solana’s Layer 1 is far more efficient than the Layer 2 Ethereum chain.
Going by the indications, if Solana is able to draw a price prediction this huge, Solaxy soaring by 100x doesn’t look a far stretch.
With 30% of the token supply reserved for development and 10% for listing, the developers have shown signs of long-term commitment.
Solaxy’s official X page currently has 62.5K followers, which is in line with its aim of building a strong investor community. If you’re looking to take advantage of the crypto and meme coin bull run that’s to come, buy $SOLX now from its official website.
However, please note that investments in crypto assets are subject to market conditions. It’s important to do your own research and only consider the above as our well-calculated opinion (and not financial advice).
Source: NewsBTC