The post Solaxy Prepares to Boost Network With Layer-2 Release as Analyst Predicts SOL Rebound to $250 in Q2 appeared on BitcoinEthereumNews.com.

Advertisement &nbsp &nbsp Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taking any actions related to the project mentioned in this piece. This article should not be regarded as investment advice. Solana’s (SOL) price has experienced significant volatility since late 2024. It rose to its $294.33 ATH in January and has lost more than half its value since, but analysts expect the token to reverse the trend. As bullish sentiment builds around SOL, Solaxy (SOLX) also looks set for positive growth this quarter as it prepares to launch its Layer-2 to help solve Solana’s congestion issues. PayPal Adds Solana as Hype Around SOL ETFs Builds Solana is enjoying increasing institutional interest, as PayPal’s addition of it for its US customers shook up the crypto market on April 2nd.  Additionally, according to a 19b-4 form filed with the SEC in late March, Fidelity, which already launched spot Bitcoin (BTC) and Ethereum (ETH) ETFs in 2024, is now looking to launch a Solana ETF. Although it could take months for the ETF to be approved, Polymarket’s users gave it an 83% chance of surfacing by the end of 2025. Advertisement &nbsp If approved, the Solana ETF could bring institutions to the sixth-largest cryptocurrency, which has analysts bullish on its potential to rebound over the next few months.  Charts analyst Curb believes SOL is headed to $350 by summer, placing a target on the $250 level during Q2 2025.  Although Solana experienced a downturn from $131 on April 2nd to $118 on April 3rd, the token’s long/short ratio immediately returned to the 3.64 level following the dip. This means only 21.49% of traders are shorting the token, highlighting their trust in Solana’s short-term success. Crypto analyst Coinvo is…

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Filed under: News - @ April 4, 2025 6:17 pm