Solana Eyes $200 Target as Solaxy’s $40M Layer-2 Launch Nears

Solana (SOL) has gained significant value since early April. As its on-chain metrics improve, it has a strong chance to surge further in the coming weeks.

Solana’s price could be further boosted by the upcoming Solaxy’s (SOLX) ecosystem release. This project is building a Solana Layer 2 to address the blockchain’s congestion issues.

Solaxy has already raised over $40 million during its presale. It will launch next month after the ICO ends in 22 days.

Solana Forges a Strategic Alliance With Institutional Blockchain Giant R3 – What’s Next for SOL?

R3, the enterprise blockchain firm behind Corda, partners with Solana to bring regulated real-world assets onto its blockchain. The collaboration confirms Solana’s institutional readiness. 

The integration enables seamless interoperability between the two systems. R3 connects its $10 billion in regulated assets with Solana’s blockchain.

Following the announcement, SOL climbed 76.85% from its April 7 low of $105.71. It reached a three-month high of $186.95. 

SOL’s price dropped to $171 due to the market-wide dip on May 25th. Despite this decline, it remains a key part of the Solana ecosystem. Once the pullback ends, its central role could drive a strong price recovery.

Solana has surpassed 6 million daily active addresses over the past week. Its on-chain metrics are showing strong growth. The network has outperformed all other chains in daily transactions. 

According to The Solana Post, most days of May saw Solana processing over 100 million daily transactions.

CryptoCurb sees SOL gaining strength and predicts it will soon cross $200. He expects it to hit $240 within the next two weeks.

https://twitter.com/CryptoCurb/status/1925740649497653442/photo/1

CryptoCurb sees SOL following a familiar breakout pattern from long-term descending channels. Based on past trends, there is expected to be a surge above resistance before summer. This makes SOL’s current price look like a strong buying opportunity.

SOL’s Relative Strength Index (RSI) is now at 55.91, putting it in neutral territory. This suggests potential short-term gains for the token. 

Traders are optimistic, as shown by the long/short ratio rise. The ratio jumped from 1.7 on May 23rd to 2.4 on May 25th, signaling confidence in its upside potential.

Despite the dip, SOL is still well-above its 50-day Simple Moving Average (SMA) of $150.19. This underscores its market strength and indicates that it can continue surging if buying pressure continues.

Solana is showing signs of recovery, aiming to return to its late January levels. However, past congestion issues raise concerns. These problems could return, causing failed transactions or long delays.

Because of this, investors are turning to Solaxy. Solaxy is thriving in its presale phase. Its ecosystem will include a Layer 2 solution for Solana. This aims to fix the network’s congestion issues.

Can Solaxy 100x After Raising Over $40M Through Presale?

Solaxy improves the Solana network by reducing congestion and downtime. It launches a Layer 2 to enhance scalability and speed. It optimizes performance, making transactions faster and more efficient.

Solaxy’s developers have consistently kept their followers informed since the project started. They have released testnet versions of the ecosystem’s block explorer and bridge. The next planned release is the Solaxy DEX.

Solaxy’s ecosystem will have a token launchpad protocol. Its Layer 2 blockchain will use rollups to boost Solana’s scalability. This could significantly increase speed and reduce fees.

99Bitcoins analysts are impressed by Solaxy’s technology and developer transparency. They believe SOLX could surge 100x at launch. The launch could be even more successful if SOL’s value explodes at the same time.

Solaxy’s presale ends in just 22 days, making this the final chance to buy at the lowest price of $0.001734 per token. Once it launches on exchanges, prices may shift.

With massive investor backing and its much-needed utility, the project is shaping to be one of 2025’s hottest crypto launches.

Visit Solaxy Presale