Solana News: Solaxy ($SOLX) Positioned for Strong Upside Potential Amid Upcoming Crypto Rally

As the cryptocurrency market experiences normal cycles of valuation downturns, investors are on the lookout for the next big rally. With the new U.S. administration’s pro-crypto stance, the stage could be set for a significant upswing. Among the cryptocurrencies poised for growth, Solaxy ($SOLX) stands out due to its advanced scaling solutions for the Solana ecosystem.

Best Crypto to Buy Now – Are These the Next Tokens to 10x?

Recent downturns in crypto valuations are normal market cycles with crashes preceding bullish phases. The new U.S. administration’s pro-crypto regulations could trigger the next major rally, despite obstacles like economic instability. Market uncertainty creates investment opportunities. Solaxy ($SOLX), enhancing Solana’s ecosystem with advanced scaling, is one of the cryptocurrencies with strong upside potential in the coming rally.

VanEck Forecasts Solana to Reach $520 in 2025, Solaxy Presale Hits $26M

While Solana’s ($SOL) price has been relatively muted, its first layer-2 chain, Solaxy ($SOLX), has surpassed $26 million in total funding during its presale. $SOL has bounced back with a 7.83% gain to reach $124, but it remains 57% below its all-time high. However, global investment firm VanEck remains bullish, predicting $SOL could surge to $520 by the end of 2025 based on its projected year-end market share within the smart contract platform market.

Solana Price Drops Below $125 Support Level

The price of Solana (SOL) has dropped below the $125 support level on Thursday, down 4% in the last 24 hours. On Wednesday, wallets linked to FTX and Alameda Research unstaked $23 million worth of SOL ahead of impending creditor repayments. Early reactions in the derivatives market suggest Solana’s rebound momentum may weaken. The decline coincided with the unstaking, reinforcing bearish sentiment.

Solana (SOL) Price Prediction for March 13

The price of Solana (SOL) has experienced significant volatility, currently trading at $124.46 with a slight 0.59% decrease in the last 24 hours. Over the past 30 days, SOL has declined by 37.78%, indicating a bearish trend. Short-term sellers have taken control, likely due to profit-taking, while long-term sentiment remains weak, creating a challenging environment for traders.