Remember $Trump, Donald Trump’s meme coin that was launched days before his inauguration as US President?
On January 19, it peaked at $75 and then took a dump to $39 the next day. It’s now $34.76 and shows no signs of recovery.
That doesn’t mean it won’t go back up – it might, but it might take some time. With Trump’s recent crypto executive order and the SEC’s take-up of SAB 121, $Trump could be pumping sooner rather than later.
Until then, however, let’s check out another presale meme coin that shows excellent potential Solaxy ($Solx).
As the first Solana Layer 2 chain, it has a first-mover advantage that could propel it to the top of the crypto charts after listing.
Let’s discuss the context and how Solaxy can benefit and become the next meme coin.
$Trump Token – a presidential pump and dump or volatility?
The official Trump token debuted on January 17, three days before Donald Trump’s inauguration.
The news received more flak than praise, as many saw it as a straightforward launch for the President of the United States.
We are not here for politics, so we will look at the impact on the crypto industry – very positive. The Total Crypto Market Capent benefited greatly from the launch of $Trump.
The meme coin market cap grew by $5 billion from January 17-19, followed by a significant dump on Inauguration Day (likely because Trump didn’t mention crypto or Bitcoin).
Still, there’s no denying that $Trump is… dumped. Big time, actually. From an all-time high of $75 to $35 today, is a decline of 53.33%.
But you also can’t deny that it has stabilized at $35-$40 and is even gradually showing signs of upside potential.
This means one thing – investors have not lost hope. $Trump should still make a comeback. After all, it is the only official Trump coin.
However, if you’re looking for a more optimistic alternative and the next meme coin to rise, Solaxy may be exactly what you need.
Solaxy presale raises $13.9M and promises to reshape Solana
Solaxy ($solx) is the world’s first Solana layer 2 chain. It has multi-chain compatibility, is technically infinitely scalable and promises no downtime and networks for Solana transactions.
The coin launched on Ethereum but seamlessly bridges to Solana, meaning you get the best of both worlds in one project.
Solana is known for its network congestion and failed transactions, but Solaxy aims to address this through robust liquidity, scalability, speed, and performance. Like: like:
- Off-chain processing: By deriving transactions on the Layer 2 chain, Solaxy can reduce the load on Solana and ensure smooth and fast operations.
- Transaction bundling: Processing transactions in batches rather than individually can optimize scalability, keep costs down and improve throughput.
- Layer 1 settlement: By completing Solana’s mainnet transactions, Solaxy gains the robust security of the blockchain to ensure the safety of user funds.
The presale has so far raised over $13.9 million with a token price of $0.001612. Investors have also staked over 4.1B tokens with an APY of 275%.
In our Solaxy price prediction, we estimated that it could reach $0.032 by the end of 2025, an increase of 1,885% from the current price.
Considering its first-mover advantage, $Solx shows clear potential, even compared to other top meme coins in the market.
To purchase it, visit the presale website, connect your wallet and buy $Solx with one of the supported currencies.
But remember, this is not financial advice, and investing in meme coins always involves risks. Do your own research and understand that you can always lose your investment if volatility doesn’t play in your favor.