Category: Crypto News, News
SOLX Rises 130% In 2 Days
The new Solana meme coin and Layer-2 token, Solaxy (SOLX), appears to have marked a macro bottom and is seeing a significant rally behind multiple CEX listings.
Solaxy is now live on MEXC and has secured a listing on LBANK, triggering a breakout from its downtrend and ushering in a fresh bullish wave.
Since its June 30th low, the SOLX price has appreciated by 130%, trading at $0.00109 at press time.
Meanwhile, the upcoming launch of its meme coin launchpad, a competitor to Pump.fun, and a native decentralized exchange, has also contributed to the bullish momentum. Whales have taken notice, which has resulted in a string of five-figure investments over the past couple of days.
Our Solaxy price prediction projects a new five-wave impulsive move up, especially with the imminent launch of spot Solana ETFs, which is expected to be bullish for SOL meme coins.
Why Is The SOLX Price Up Today?
The Solaxy price is up 130% since its June 30th low, trading at $0.00109 at press time.
In fact, SOLX traded as high as $0.0014 early on Wednesday before a pullback to $0.0009. However, such temporary corrections are both normal and healthy in an uptrend, as Solaxy has already rebounded by nearly 20% on the day.
Solaxy’s recent bullish strength is especially notable, given that token claims for users who staked SOLX during the presale went live on June 30, typically a bearish event.
However, it marked the macro bottom for SOLX, with the final bearish overhang now out of the way.
Furthermore, the project announced multiple CEX listings on Monday. SOLX has already made its debut on MEXC today and has secured an LBANK listing as well.
The broader market backdrop has turned ideal for Solana meme coins, with REXShares’ SOL staking ETF going live today and the approval of spot Solana ETFs now imminent. As Solana’s price gears up for a rally, its meme coin ecosystem is expected to surge alongside it.
The upcoming launch of Solaxy’s meme coin launchpad Igniter and its native DEX Neptoon is also contributing to the bullish momentum. Check out the project’s X and Telegram accounts for more details.
Solaxy Price Prediction – Best New Solana Meme Coin To Buy?
SOLX has breached its macro downtrend, marking the start of a new uptrend which could result in new all-time highs.
The Elliot Wave analysis also confirms this. For the uninitiated, the Elliott Wave theory states that markets move in a cycle of five impulsive waves followed by three corrective waves, reflecting shifts in crowd psychology.
However, presale coins often start with an A-B-C correction, followed by a 5-wave impulsive move towards the upside. SOLX is doing something similar.
The Solaxy price appears to have started its 5-wave impulsive uptrend, which is likely to result in a new all-time high. However, sidelined investors should wait for a successful breach of the $0.00112 resistance level before buying.
Meanwhile, whales aren’t waiting for anything, clearly viewing SOLX as one of the best Solana meme coins to invest in.
Since its June 30th macro bottom, Solaxy is seeing a string of five-figure investments.
Solana is experiencing rapid mainstream adoption, fueled by growing institutional demand. SOL treasury firms like Sol Strategies have quickly positioned themselves as the best crypto stocks to invest in. This momentum is only expected to accelerate with the launch of spot Solana ETFs.
Against such a backdrop, Solana meme coins could deliver outsized returns. Besides large-caps like Dogwifhat and Fartcoin, newer alternatives like Solaxy and Snorter are also making headlines.
Moreover, Solaxy is also the first prominent Solana Layer-2 coin, which often tends to reach billion-dollar valuations.
Therefore, our Solaxy price prediction is that SOLX could reach $0.004 in July, buoyed by CEX listings and the debut of its meme coin launchpad.
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Written by : Editorial team of BIPNs
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