Solaxy ($SOLX) is the world’s first Solana layer 2 blockchain, tackling the network’s congestion issue – and in typical Solana fashion, it’s branded like a meme coin.

The project is currently undergoing a presale, having raised over $54 million. With such strong demand, experts’ Solaxy price predictions are overwhelmingly bullish and forecast significant upside ahead.

Solaxy presale breaks Solana record with $54 million raise

Solaxy’s $54 million presale sets a new record for the largest presale ever conducted on the Solana network.

Its success is primarily thanks to its ambitious use case and the team’s ability to execute on its plans. The Solaxy layer 2 blockchain will utilize rollup technology and off-chain computation to handle some of Solana’s transactions, except with cheaper, faster, and more reliable throughput than using the Solana layer 1 directly.

This won’t just save time and line its users’ pockets, it’ll unlock new possibilities within the Solana ecosystem. That’s because until now, Solana has been constrained by congestion issues.

During periods of peak network activity, wait times would extend, and transaction failure rates would increase. This limited the number of users Solana could accommodate, and it even prevented developers from building higher-demand applications, whether that be in DeFi, gaming, or even meme coin trading.

Solaxy future-proofs Solana and empowers developers to create new apps. That could unlock billions of dollars in new value.

Top analyst backs Solaxy for 50x gains

There have been a slew of promising Solaxy price predictions at different levels, but one forecast went viral for suggesting a 50x gain is on the horizon.

The prediction came from analyst Danjo Capital Master, a top YouTuber with 904,000 subscribers.

Danjo pointed to Solaxy’s use case and underscored the importance of addressing Solana’s critical congestion issue. Given the fact that Solana is worth 76 billion today, solving this problem could drive alot of capital to $SOLX.

However, other analysts have shown even more optimism. For example, Cryptonews recently speculated that $SOLX could rally 100x this month. The analyst noted Solaxy’s incredible presale momentum, citing this as an indication of market appeal.

With just four days left until the exchange launch, thousands, if not millions, of uninformed investors will miss out on buying $SOLX early and will instead purchase it on the open market. This will directly contribute to its price growth.

Should Solaxy achieve a 100x gain, it’d take its price to $0.1766.

Adding to the excitement, the Solaxy team has already made bold moves in the project’s development. Most notable is a staggering $62 million burn last week. It’s one of the most aggressive burn events in crypto history, greatly reducing the $SOLX supply and therefore bolstering its potential for price growth.

Another development was the launch of the Solaxy test network this month, enabling users to bridge tokens, track on-chain activity, and even deploy smart contracts.

Looking ahead, the Solaxy main network will launch in July, alongside its native decentralized exchange (DEX), meme coin launchpad, Solaxy-Solana-Ethereum bridge, and much more. And with the $SOLX exchange launch days away, it’s an exciting time for the project.

Last chance to buy $SOLX before IEO

There are just four days until the Solaxy initial exchange offering (IEO), and leading industry experts are bracing for huge gains.

Whether it achieves a 50x or 100x gain remains to be seen, but the team’s relentless development efforts suggest a bright future is ahead.

For investors still on the fence about buying Solaxy, now is the time to act. Once it lists on the open market, its price will shift from fixed to a product of supply and demand. This is when it could explode.

The project has also received a smart contract audit from Coinsult, which found no issues with its code. As such, potential investors need not worry about the project’s safety and security.

Follow Solaxy on X or join its Telegram for updates. Alternatively, visit its website to buy tokens.