Solana has experienced a significant price drop, falling 16% over the last week to $183. Despite this dip, long-term predictions remain optimistic. Some experts foresee Solana reaching $300, especially if Solana Spot ETFs get the green light from the SEC.
Analyst Ted Pillows suggests Solana could hit $400 this year, benefiting from a high on-chain activity and its deployment in different applications like DeFi, AI, and meme coins. The network's relevance persists due to its broad use.
Solaxy, a new Layer 2 solution designed for Solana, has gained attention during its presale, raising over $9.5 million. Solaxy focuses on optimizing Solana's performance and scalability, drawing parallels with Ethereum's Layer 2 solutions. By storing transaction data on Ethereum, Solaxy aims to improve reliability and facilitate asset transfers between both networks, enabling developers to create innovative multi-chain applications.
The presale plans to distribute 138,046 billion SOLX tokens, allocating reserves for growth, marketing, early supporters, and continued development. Investors can acquire tokens using ETH, USDT, or BNB. Note that investments are risky and should be approached with caution.
Source: www.newsbtc.com ↗