Solana Price Prediction: SOL Can Reach $200 as Market Rallies and This Altcoin Could 10x
Solana (SOL) is soaring right now riding this market rally past the $150 mark.
Everyones feeling the buzz, and the big question is how much further this SOL run can stretch.
But while investors are focused on Solana, a new project called Solaxy (SOLX) is building in its presale, looking like it could deliver 10x gains once it launches.
Whats Driving the Current Solana Rally?
So why is Solana rallying right now?
Its a mix of the network showing its dominance and growing confidence from bigger players.
Solanas spot trading volume in the past day has hit $5.5 billion, making it the 6th most traded crypto in the world.
Plus, its DEXs are leading the entire market in transaction volume, outpacing Ethereum.
High Total Value Locked (TVL) and super-quick speeds clearly show the networks getting serious, real-world use.
On top of that, confidence is building from institutional investors.
Were seeing more institutions buying SOL and asset managers jumping into staking it.
Plus, the excitement around a potential US Solana ETF is growing and looking more likely major firms are applying, which adds more legitimacy to SOL.
Even crypto whales are adding to their bags.
This mix of factors proven network performance and institutional/whale backing is putting some real upward pressure on SOL right now.
Solana Price Prediction Can SOL Reach $200 Soon?
Can Solana keep this momentum going and hit the $200 mark?
Its definitely looking possible right now.
That levels 32% higher than the current price, and we saw SOL trade around $200 as recently as mid-February before the market cooled off.
And looking at the charts, the signs are pointing up.
Rejecting support around $100 in early April was a big bullish signal, and breaking out of a descending wedge pattern just adds to the hype.
Plus, analysts are watching for a potential Golden Cross to form a classic setup many think could push SOL to $200 or even higher.
Experts seem to agree, too.
Popular trader @degencirmit on X (Twitter) says Solana summer is here and SOL will be trading above $200 soon.
But if catalysts like faster ETF news or growing network activity kick in, potentially due to a hot meme coin launch, theres every chance SOL could surge even higher.
Its an exciting time to be a Solana investor.
Is Solaxy the Next 10x Opportunity? SOLX Token Presale Hits $31M as Demand Rises
While all eyes are on Solana, that momentum is lifting the whole ecosystem and opening doors for projects built on it.
Thats where a new player called Solaxy comes in.
Solaxy is Solanas first native Layer-2 solution, using rollup tech to tackle the networks congestion issues and keep things smooth especially during busy periods.
Its in its presale phase right now and already seeing serious demand, having raised over $31 million so far.
SOLX tokens are going for just $0.001702 during this presale stage.
And this presale success isnt just because of hype the development team is showing real progress.
They just launched their testnet block explorer, letting anyone peek under the hood and see the work happening.
But the big question is: Can Solaxy hit 10x growth after it lists?
Solaxys core function directly benefits Solana by helping it with scaling.
It also offers high staking rewards (129% per year), and analysts like Austin Hilton are expecting it to rally.
Of course, all presale projects have risks, but Solaxy feels different.
Its an altcoin that many are keeping tabs on hoping that it can pull of Solana-like gains soon.
Text source: TronWeekly
