The cryptocurrency market is in another bull run, and while large caps are showing bullish strength, low-cap meme coins are grabbing the headlines with their jaw-dropping returns.

A new Solana meme coin, XBT ($XBT), has emerged as the latest low-cap gem, with early buyers already seeing life-changing returns within hours.

The cryptocurrency market is in another bull run, and while large caps are showing bullish strength, low-cap meme coins are grabbing the headlines with their jaw-dropping returns.

One new Solana meme coin, XBT ($XBT), has emerged as the latest low-cap gem, with early buyers already seeing life-changing returns within hours.

One trader invested $244 into XBT and has since seen their investment grow 900x, now worth over $220,000.

However, sidelined investors aren’t sure whether XBT is still a safe investment and could just be another daily runner. Among its alternatives that haven’t exploded just yet, Solaxy has emerged as one of the best Solana meme coins to buy now with 100x potential.

Early XBT Buyers Make A Fortune — But Is It Still A Good Investment?

The aforementioned trader, who turned his $244 investment into $220k, isn’t the one early XBT buyer who made life-changing gains.

Another small-scale trader invested just $94 into the meme coin and later sold his holdings for $73.4k, netting a cool 776x gains.

Similarly, another early XBT buyer turned his $510 buy into $70,600.

XBT is currently trading at $0.023, with a market capitalization of $23 million. Elliot Wave counts reveal that the sidelined may have another bull rally to benefit from.

For the uninitiated, the Elliott Wave Theory claims that market prices follow a predictable pattern of five impulsive waves in the direction of the trend, followed by three corrective waves against it, driven by collective investor psychology and sentiment cycles.

While four impulsive waves have already played out, the fifth and final bullish leg may be imminent.

However, according to Elliott Wave Theory, this would likely be followed by a three-wave corrective phase—potentially causing the meme coin to crash hard in value.

Moreover, there’s always a chance that new meme coins like XBT won’t follow the Elliott Wave structure at all—especially given the risks of rug pulls and pump-and-dump schemes. As a utility-less meme coin with no long-term fundamentals, XBT’s future remains uncertain.

Still, its explosive rise serves as a cautionary tale for investors ignoring low-cap Solana meme coins. These hidden gems continue to deliver outsized returns, and experts believe that meme coins with stronger long-term narratives could be among the best cryptos to buy now.

Solaxy Tipped As The Best Solana Meme Coin To Buy

Solaxy(SOLX) has established itself as one of the hottest pre-launch Solana meme coins on the market.

It has already raised over $36 million in its ICO, higher than XBT’s all-time high market capitalization.

As previously anticipated, SOLX isn’t just another daily runner. Instead, it is an excellent long-term investment, considering it is one of the first Solana layer-2 coins.

While Solana isn’t typically associated with layer-2s, the blockchain has struggled with network congestion, scalability and downtime in recent years, especially during periods of heavy traffic.

Therefore, Solaxy’s cutting-edge Layer-2 chain — which includes ZK rollups, data availability tools and a Hyperlane-powered multi-chain bridge — has the potential to become a key part of the Solana ecosystem.

Solaxy’s layer-2 development is running ahead of schedule. Following its Testnet block explorer earlier this month, the developer team has now released Solaxy’s multi-chain Testnet bridge, which is resulting in significant hype and FOMO. Check out the latest dev update here.

🛸 Solaxy Testnet Bridge is LIVE!

You can now bridge native SOL between Solana Devnet and Solaxy Testnet at https://t.co/BFMV1G9v4c

Built with Hyperlane, this is the first step toward full cross-chain interoperability.

Ethereum bridging is coming for mainnet — stay tuned! pic.twitter.com/8NVoPaqaoV— Solaxy (@SolaxyNetwork) April 11, 2024

Considering that the top Bitcoin and Ethereum L2s have multibillion-dollar valuations, there is a strong case that SOLX is one of the most undervalued crypto assets to buy now.

Unsurprisingly, whales and smart money investors aren’t missing out on this opportunity. Earlier this week, a whale swapped 150 ETH, worth nearly $400k, for SOLX. Indeed, six-figure investments are now a common event for Solaxy.

As previously indicated, Solaxy is being tipped as one of the best Solana meme coins to buy now, with many anticipating up to 100