Solanas New Layer-2 Scaling Solution Solaxy (SOLX) Attracts Investors

The Popcat price surged over 10% in the last 24 hours to trade at $0.1821

The Popcat price surged over 10% in the last 24 hours to trade at $0.1821 as of 9:39 p.m. EST on Monday as investors went long on the meme coin.

This pump in the POPCAT price comes after Robinhood announced in a March 13 X post that it listed the meme coin alongside PENGU and PNUT.

PENGU ($PENGU), PNUT ($PNUT), and POPCAT ($POPCAT) are now available to trade on Robinhood.

GM. pic.twitter.com/Pl4rpXHSnE

— Robinhood (@RobinhoodApp) March 13, 2025

Popcat Price Trying To Break Above Resistance

4-hour chart for POPCAT/USD (Source: GeckoTerminal)

The Popcat price is attempting to overcome the resistance level at $0.1861, data from GeckoTerminal shows. Should the crypto overcome this technical barrier within the next 12 hours, it could clear the room needed to rise to the subsequent mark at $0.2107.

However, a rejection from the $0.1861 resistance level could lead to a more bearish scenario playing out. In this alternative case, traders might start to exert sell pressure on the Popcat price. This could then result in a correction to the closest support level at $0.1615. Enough bearish pressure might even see the meme coin plunge to as low as $0.1402.

Technicals Suggest The Popcat Price Might Keep Climbing

From a technical perspective, indicators on POPCAT’s 4-hour chart suggest the meme coin might continue to climb through the course of the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show that bulls still have an upper hand against bears.

RSI readings had dropped slightly in the last 24 hours, but have recently started to climb again. This suggests renewed buyer strength, which could see bulls push the Popcat price up higher in the short term.

Additionally, the current RSI reading in the mid-50s indicates that there is still room for POPCAT to climb before it enters overbought territory, which is indicated by an RSI value above 70.

Meanwhile, the MACD line is positioned above the MACD Signal line. Traders might interpret this orientation of the two technical indicators as a sign that the meme coin is in a positive trend. With the gap between the MACD lines starting to grow again, it seems POPCAT’s bullish momentum is starting to grow stronger.

As the Popcat price tries to keep surging, investors are piling into the presale for a new Solana meme coin rival called Solaxy (SOLX) for gains.

That is as 99Bitcoins, a prominent YouTube crypto channel with over 725K subscribers, says SOLX has the potential to soar 100X after its launch.

The First Layer-2 Scaling Solution For The Solana Ecosystem

Solana has become the preferred blockchain for meme coin developers due to its high speeds and low fees. With the hype around meme coins seen in the last few months, developers have launched numerous new tokens with the hope that some of them will capture the hype and lead to profits.

As a result, the Solana meme coin space is now oversaturated. The situation worsened when US President Donald Trump and his team launched the Official Trump (TRUMP) and Melania Meme (MELANIA) coins, pushing Solana’s congestion levels to concerning heights. If something does not change soon, the popular layer-1 network could suffer another outage.

Solaxy, with its layer-2 scaling technologies and native sidechain, aims to alleviate the computational stress being placed on Solana’s infrastructure by meme coins. It will do this by bundling SOL transactions off-chain using technologies such as rollups. After grouping transactions, it will then submit the batches back to Solana for final validation.

This approach to transaction processing has already been tried and tested within the Ethereum ecosystem through Optimism and Arbitrum.

Not only will SOLX be the first project to bring this technology to the Solana ecosystem, it will also aim to bridge Solana with the Ethereum blockchain. Through this connection, Solaxy will create a new infrastructure that leverages the strengths of both networks and is capable of meeting the growing demands of Web3 developers.

After connecting Solana to Ethereum, SOLX will likely then become a primary transaction layer between two of the most prominent blockchains currently in the crypto space. This will give the meme coin unprecedented levels of utility, which could have a positive effect on its price as well.

Investors Rush To Buy SOLX At Presale Prices

Investors are betting big on SOLX’s future, and have already poured more than $26.1 million into the project’s ongoing presale