Looking for the Best Altcoin to Buy in This Crypto Bull Rally? Look No Further Than Solaxy (SOLX)

A new project called Solaxy (SOLX) is generating huge buzz, with its presale closing in on the $40 million mark. By FinanceFeeds.

A new project called Solaxy (SOLX) is generating huge buzz in the crypto sphere, with its presale rapidly closing in on the $40 million mark.

It’s also aiming to be Solana’s first-ever dedicated Layer-2, which could help to mitigate congestion and keep transactions nice and cheap.

But what exactly is Solaxy and what role does the SOLX token play?

What is Solaxy?

Solaxy is a project that’s setting out to enhance the Solana blockchain.

It’s the first Layer-2 scaling solution built just for Solana, and it’s designed to scale the network and maintain its speed and low fees.

Essentially, Solaxy will process a large volume of transactions off the main Solana chain, bundle them efficiently, and then settle them on Solana, which should ease congestion and boost the network’s performance.

The native SOLX token is a crucial part of making this Layer-2 work.

You’ll use SOLX to cover network fees for transactions on the Solaxy network.

Plus, holding SOLX will give you the chance to earn some huge staking rewards, which are estimated at 101% per year.

The token will also aim to incentivize developers to build on the Solaxy network and could give holders a say in governance decisions.

It will initially launch as an ERC-20 token on the Ethereum blockchain.

However, Solaxy’s team plans to bridge it to Solana once the mainnet is live, combining the best of both blockchains.

SOLX Token Presale Explodes After $400K 'Whale' Buys

Solaxy’s presale is really heating up.

It’s already raised an impressive $39.6 million, with a chunk of that – we’re talking millions – coming in just the past few days.

Clearly, there’s been a surge in demand for SOLX.

But less than 24 days remain until the presale closes, making it the last chance to buy tokens at their current price of $0.001732 each.

You can join the presale now via the official website, where you’ll also find more information about the project.

Those who want to get involved can contribute using either crypto or a standard bank card, as long as they have a compatible crypto wallet.

A large part of the buzz has come from some huge ‘whale’ activity.

For instance, one investor purchased roughly $400,000 of SOLX nine days ago.

Another $200,000 purchase happened earlier this month, plus a $242,000 buy in March.

These enormous investments highlight the interest from high-net-worth investors.

And they suggest these investors believe SOLX could enjoy a post-listing price rally.

Is Solaxy The Top Altcoin Pick? Analysts Say Yes

Now, to the question everyone’s asking: Is Solaxy the best altcoin to buy now?

There’s certainly a case to be made.

You’ve got its incredible presale performance, rapidly raising millions each week and the undisputable advantage of being the first Layer-2 built just for Solana.

When you hear popular crypto experts – including Ben Armstrong from ‘Crypto Ben’ and Borch Crypto – suggest it’s the “best crypto presale” to invest in, it's sure to pique the interest of any serious crypto investor.

Then there’s the fact that SOLX has been listed on both CoinSniper and ICOBench.

These two websites review and rank pre-launch crypto projects, so SOLX being featured is a massive vote of confidence.

Even top-tier crypto news outlets like Cointelegraph have run articles about Solaxy.

These elements combine to position Solaxy as one of the market’s most anticipated altcoin launches.

Although there’s no set-in-stone date for the first DEX listing, most Telegram channel members believe it will come shortly after the presale ends.

Solaxy’s team has also set aside 10% of the token supply for liquidity.

Overall, SOLX is shaping up to be an exciting play, especially if you’re interested in cutting-edge blockchain infrastructure.