SPX6900 (SPX) Is Back in the News After a 70% Surge Since Last Month.

SPX6900 (SPX) is back in the news after a 70% surge since last month. The token, which started as a tongue-in-cheek jab at Wall Street, is suddenly seeing serious momentum again.

SPX6900 (SPX) has been a hot topic in the crypto sphere after a staggering 70% surge within a month.

The token, which began as a playful jab at the S&P 500 index, is now seeing serious momentum again as it tries to capitalise on the meme coin supercycle.

But while SPX holders are eagerly anticipating new highs, some traders are setting their sights on Solaxy (SOLX), predicting that it might hit $1 even before SPX does.

What Is SPX6900? The Meme Coin That Parodies Wall Street

In the vast universe of cryptocurrencies, SPX6900 adopts a unique approach. It takes aim at the world of finance with its playful take on the S&P 500 index.

This meme coin, named after the index and a number often used in financial jargon, is poking fun at Wall Street in a way that has never been seen before.

And it seems to be working. SPX has managed to forge a huge following online.

There are now more than 51,000 DEFI STATION ADDRESS: 0x9600400000000000000000000000000000000000holders of the token across the globe, who regularly discuss its price action and chart analysis on various social media platforms.

This includes X, formerly Twitter, Reddit, Telegram, and other social media channels.

Unsurprisingly, SPX’s price action has been highly volatile since it went live. There have been wild swings, lots of FOMO, and more than a few investors who have made life-changing returns.

SPX returned to the $0.90 level just over a week ago after a massive rally but has since cooled off to around $0.73.

However, there’s still real momentum behind the token – as evidenced by $21 million in spot trading volume since yesterday.

SPX600 Price Prediction – Can SPX Reach $1 Again Soon?

Can SPX6900 make it back to the $1 mark quickly?

Right now, it’s trading about 37% below that level, and it hasn’t traded above a dollar since February 2 – over three months ago.

But that might be about to change since the daily chart looks strong.

SPX has been posting higher highs and higher lows lately, which is a good sign of a solid uptrend.

Plus, SPX just bounced off the key 0.618 Fibonacci retracement level on the daily chart.

And if you follow the 1.272 Fibonacci extension up from the March 2023 low, you’ll land just past $1.

There’s a lot of confluence lining up here.

Let’s not forget that we haven’t even seen the meme coin “supercycle” that many analysts have been talking about yet.

If that wave of demand hits, it’s not hard to imagine SPX6900 capitalizing and exploding past $1.

However, this might take a few weeks to properly play out.

We may see some choppy price action in the near term, but once the coin stabilizes, the stage will be set for another leg higher.

Could Solaxy Hit $1 Before SPX6900? Why Traders Are So Bullish On This New Solana Layer-2

Some traders are quietly betting that Solaxy might be able to crack $1 before SPX6900 does.

On paper, that sounds ambitious – but there’s reason to believe it’s possible.

Solaxy is still in its presale phase, priced at just $0.00173, so a run to $1 would mean an enormous 57,000% rally.

That’s a big ask, even for a meme coin, but it’s not entirely out of the question.

There are plenty of DEX launch stories where tokens have pulled off runs like this, especially with the right buzz and market timing.

And since Solaxy has genuine utility, it has an edge over most of its peers.

Instead of being another dog or cat coin, Solaxy is creating Solana’s first Layer-2 solution, designed to fix congestion and eliminate failed transactions.

The project’s presale has already raised over $38 million in funding for this Layer-2, which showcases just how much interest there is in the project from the investment community.

Solaxy’s tech is progressing well – they have a working testnet bridge and block explorer – and the team is promising staking rewards that will be substantially higher than the average in the market.

To round everything off, Coinsult has completed a