The post Next Diamond in the Rough? appeared on BitcoinEthereumNews.com.

Solana (SOL) and Solana-based tokens were valued at $892.5 billion in late January, but they faced a steep downturn over the past two months, with their current market cap at $163.7 billion.  However, the upcoming release of the Solaxy (SOLX) Layer 2 blockchain for Solana is turning heads among investors who wish to stay in its ecosystem while avoiding the congestion-related issues. That’s why it’s no surprise SOLX is approaching the end of its presale with over $28 million raised since December. Cryptocurrencies are recovering from the month-long dip that saw their collective value drop to $2.51 trillion in mid-March, with the broader crypto market cap now at its early March levels of $2.86 trillion.  Solana’s congestion issues during high-traffic hours in January had a strong impact on its drop in value, with slow and failed transactions forcing investors to switch to competing chains. The shift helped BNB overtake Solana’s spot as the chain with the most active monthly users since. Let’s take a closer look at what Solaxy has to offer. Two Days Remain Until SOLX Price Increase The Solaxy presale follows a dynamic pricing model that encourages early adoption by progressively raising the per-token price of SOLX. Currently, SOLX costs $0.001676 each, but that price is scheduled to rise in just two days. According to the project’s whitepaper, SOLX’s price will keep rising until it reaches $0.00169 in its final stage. Investors can purchase SOLX via the presale website using SOL, ETH, USDT, or a credit or debit card. The token is also available to Best Wallet’s users via the wallet’s “Upcoming Tokens” section. Besides website-supported payment methods, those buying via Best Wallet can also swap their BNB for SOLX. Fire up the Rockets. 🚀 28M Raised! 🔥 pic.twitter.com/wPiJwl87v7 — SOLAXY (@SOLAXYTOKEN) March 26, 2025 Solaxy’s partnership with…

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Filed under: News - @ March 27, 2025 3:24 pm