After a prolonged bear market earlier this year, altcoins are now back in the spotlight. Bitcoin rallied above $100,000 on May 8—and that major psychological
The crypto market is heating up as Bitcoin (BTC) and altcoins continue to surge. Bitcoin temporarily broke $105,000 following the 90-day tariff suspension negotiated by China and the US, while Ethereum (ETH) soared 50% since its Pectra upgrade on May 7, settling near the $2,500 level.
As market confidence continues to build, we’re seeing some of the fastest-paced gains in the Layer 2 (L2) sector, pushing the combined market cap of leading L2 coins over $17 billion.
Most of the top-rated L2 coins have seen double-digit percentage moves over the last week, with Arbitrum (ARB), Optimism (OP), and Immutable (IMX) each gaining around 40%. This coincides with booming crypto presales, such as the viral Layer 2 project Solaxy (SOLX), which has raised over $35 million during its presale.
Investors are keeping a close eye on Solaxy as it aims to make Solana a more consistently reliable blockchain for both users and developers. Now that Solana has established itself as a go-to chain for projects that generate high transaction volumes—like meme coins, games, and NFTs—Solaxy is being positioned as a key catalyst for the next stage of Solana adoption.
Early buyers can still buy SOLX in the latest presale phase for just $0.001724, but this price will increase incrementally until the sale wraps up.
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