As a seasoned crypto investor with years of experience navigating the volatile and unpredictable world of digital assets, I must say that the year 2023 has been quite intriguing, particularly for memecoins. From DOGE to BONK, Pepe, FLOKI, Wall Street Pepe, and Flockerz, these tokens have made a significant impact on the market in just a matter of days.
2021 seems to be the explosion year for meme-based cryptocurrencies. Notable examples like Dogecoin (DOGE), Bonk, Pepe Meme Coin, and Shiba Inu (FLOKI) have drawn significant interest. Even newly launched meme coins such as Wall Street Pepe and Flockerz have already made a splash in the market within just a few short days.
In general, each year has been favorable for meme coins. However, among them, Solaxy ($SOLX) has garnered significant attention from experts who question if it could potentially become a 100x multiplier.
If you’re new to this, let me fill you in: Solaxy is working on an innovative layer-2 solution for the Solana platform, and $SOLX is its very own currency. You might have heard about Solana before since it’s currently one of the top exchange networks, capable of challenging Ethereum at present. In fact, it has recently surpassed Ethereum in terms of developers working on its platform.
However, more demand brings more traffic which leads to congestion and slow transactions. This is where the layer-2 protocol steps in. Now let’s see whether $SOLX has what it takes to be the next 100x token.
Can It Really Be the Next 100x Token?
Currently, it’s uncertain if SOLX could potentially increase 100 times, yet its indicators suggest that it holds significant growth prospects.
The biggest reason is that Solaxy solves a lot of pain points:
- Due to heavy traffic, Solana’s performance has been taking a serious hit. Solaxy fixes this issue by implementing offloading processing to reduce the burden on Solana’s layer 1, thereby speeding up transactions.
- Solana’s layer 1 struggles with scalability whereas Solaxy uses transaction bundling to enable scalability while keeping costs low and output high.
Instead of fully replacing Solana, Solaxy selects and enhances its strongest aspects while addressing its weaknesses, resulting in a robust, upgraded creation.
“One reason we believe Solaxy could become a 100x token is that it has generated considerable interest since the start of its presale. In fact, during its first week alone, it managed to surpass $3 million in sales.
Numerous experts anticipate this project’s prosperity. When the presale concludes (expected in 2025), analysts estimate that the value of the token will initially skyrocket, potentially increasing by about 20 times according to current market trends. This initial surge could increase further as the year progresses based on the token’s ability to maintain excitement and interest.
2026 could potentially offer a less favorable outlook for the $SOLX token, as some experts are forecasting a market downturn that may lead to a decrease in the value of these tokens. However, it’s important to remember that no one can truly predict the future with certainty, especially a year from now. As of now, there is indeed a possibility that $SOLX could become the next token to deliver a return of 100 times its current value.
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2024-12-22 09:43