Solana Price Pumps Following ETF Launch as Analyst Forecasts SOL to Hit $250 in April
As the settlement of the SEC vs Ripple case in XRP’s favor shakes the market, Bitcoin (BTC) saw its price surge beyond $85,000 with the broader market cap crossing $2.8 trillion for the first time since March 9th.
Amidst the market-wide rebound, Solana (SOL) is also recording gains as it went past $135 earlier today. Although it isn’t performing as well as XRP and BNB on the weekly level, bullish sentiment surrounds SOL, as a pair of funds tracking Solana futures ETFs launch today.
Investors are also keeping their eyes peeled for the release of Solaxy (SOLX), a project that intends to address Solana’s congestion-related issues with the release of a Layer 2 blockchain.
Solana Gets Closer to a Spot ETF as Analysts Expect it SOL Explode in April
After reaching an all-time high (ATH) of $294.33 on January 19th, partly fueled by the release of the Official Trump (TRUMP) meme coin, Solana experienced a sharp downturn that brought its price to $114 on March 11th.
However, the news of Volatility Shares LLC launching two SOL ETFs today, according to a filing with the SEC, had a strong impact on the market. Following the news, Solana jumped beyond $135 but has since faced correction and is currently priced at $130.63.
With a 24-hour long/short ratio of 2.75, indicating that only 26.67% of traders are shorting SOL, the token seems ready for a further breakout in the short term. Pattern analyst Trader Tardigrade is confident that SOL is headed to the $156 level by the end of March, as he dismissed the possibility of a further decline to $100.
#Solana $SOL
https://t.co/1aUziZ8dxj pic.twitter.com/xPwOttcdOn
— Trader Tardigrade (@TATrader_Alan) March 19, 2025
However, since the two futures SOL ETFs pave the way for a Solana spot ETF, which Bloomberg’s analyst James Seyffart believes is highly likely to launch this year, charts analyst Mister Crypto expects SOL to reach the $250 level by late April.
As market conditions improve and hype around SOL grows, investors are turning their attention to Solaxy, as its presale could end at a perfect time and result in explosive gains once the token hits the DEXs.
Expert Sees a 100X Potential in Solaxy Highlighting Its Early Presale Success and Transparency
Solaxy intends to join the meme coin market by combining Pepe-inspired imagery with utility through its Layer 2 blockchain that’s scheduled to go live after SOLX lists on DEXs.
With the release of its Layer 2 solution, Solaxy intends to improve Solana’s transaction speeds during high-traffic hours by bundling transactions and processing them off-chain, which could also result in lower gas fees for investors.
Impressed by the progress of Solaxy’s developers, meme coin expert Crypto Boy praised their commitment to transparency, reflected by their continuous dev updates. According to this month’s update, Solaxy’s developers are now working on a token launchpad addition to the ecosystem, which will make the deployment of new projects a breeze.
He expects SOLX to skyrocket by 100x once it hits the DEXs, urging his audience to start accumulating SOLX before the presale wraps up, as it is nearing its final stage.
The expert also advises his followers to take advantage of the generous 150% staking APY to earn more Solaxy passively. However, the staking APY will decrease as investors stake more SOLX, ensuring early backers get the best rewards.
Solaxy’s Price Scheduled to Increase Today – Here’s How to Purchase SOLX During the Presale
Investors can purchase Solaxy using ETH, SOL, USDT, or a traditional bank card via the presale website. Currently, SOLX costs $0.001668 each, a price that will reach $0.00169 by the end of the presale, according to the project’s whitepaper.
Alternatively, SOLX is also available via Best Wallet’s apps, which feature the token in their “Upcoming Tokens” sections and also accept BNB as a payment method.
Previously, Best Wallet featured Pepe Unchained (PEPU), a project that developed a Layer 2 solution for Ethereum and soared by over 700% in the first 48 hours after its launch.
Source: SOLAXY’s X
With $27 million already raised, and a community of over 83,000 followers across X (Twitter) and Telegram, Solaxy stands a solid chance to replicate or even surpass the success PEPU saw on release.
Besides community growth, Solaxy’s developers emphasize investor trust and security, with 10% of the total SOLX supply allocated to liquidity to ensure a safer trading environment. Additionally, Coinsult’s audit of Solaxy’s smart contract confirmed there are no threats to investor funds.
As Solaxy continues to surpass its funding goals and move through presale stages, it won’t be long before it’s ready for its first DEX listings, leaving investors with limited time to purchase it on the ground floor.
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