The crypto market is heating up again, with XRP and Solana soaring in the past 24 hours.
Meanwhile, investors are piling into the Solaxy presale, aiming to get early exposure to this new Layer-2 scaling solution ahead of the next bull run.
XRP Price Defies SEC, Solana Soars on ETF Speculation
XRP isn’t letting the SEC slow it down.
The token just reached $3.17, its highest price since 2017, jumping 16% in a single day.
Interestingly, this jump occurred right after the SEC appealed Judge Torres’ ruling that XRP sales to retail investors were not securities.
But traders don’t seem to be fazed.
In fact, Bitget analyst Ryan Lee thinks the market is more excited about Ripple’s previous court wins and the growing signs of crypto-friendly regulations in the US.
Meanwhile, Solana is on a rally of its own, pushing past $204 with some serious momentum.
Trading volumes have exploded – up 84% since yesterday – while open interest is also rising fast.
Much of this can be attributed to the buzz around Solana ETFs.
Brazil already has two approved funds, and VanEck and 21Shares have both submitted proposals to the SEC.
Some market commentators even believe we could see the first US Solana ETF hit the market in the coming months.
Crypto Bull Cycle Imminent? Bitcoin, XRP, and Solana Lead the Rally
Is a new bull cycle about to start?
That’s the question on investors’ minds right now.
Big names like Standard Chartered are calling for Bitcoin to hit $200,000 by the end of 2025.
Hard data supports this bullishness: Trading volumes hit $19 trillion last year, more than double 2023’s numbers.
Political factors are playing into the bullishness.
Trump’s election victory has stirred things up, especially given his plans for a strategic Bitcoin reserve and his family’s dive into crypto with World Liberty Financial.
Even traditional finance is getting in on the action.
For example, there’s talk of retirement funds potentially investing in crypto, and Bernstein expects corporate BTC holdings to more than double this year.
All of these factors hint that another bull run could be imminent.
Popular crypto trader Jake Gagain thinks so, speculating that BTC could rise to $135,000 by May.
Fellow trader Layah Heilpern urged her followers not to “sleep on crypto” this year.
So, while XRP and Solana are having a great week, these rallies could be early indicators of a much larger bull cycle.
Solana Layer-2 Solaxy Raises Millions in Presale as Analyst Forecasts 100x Price Rally
Smaller projects are also set to benefit from any upcoming bullishness.
Solaxy, a brand-new Layer-2 scaling solution for Solana, is one of them.
Since launching its presale in December, Solaxy has raised over $10.6 million in early funding.
Investors can buy SOLX, Solaxy’s native token, in presale for just $0.001602, which is expected to be a discount on the eventual exchange listing price.
Solaxy’s team accepts ETH, USDT, BNB, or bank card payments.
Most of the excitement surrounds Solaxy’s ambitious goal to eradicate congestion on the Solana blockchain.
Although the SOL price is rallying right now, the network itself often struggles with failed transactions and slow speeds.
Solaxy wants to fix that by creating a more seamless and efficient experience for both users and developers on Solana.
For users, this means faster transactions and lower fees.
And for developers, it means a more scalable platform to build the next generation of innovative DApps.
No wonder crypto YouTuber ClayBro has suggested the SOLX token could 100x after it hits the open market.
Looking at how other Layer-2 projects have performed – with many having multi-billion-dollar market caps – it’s clear that Solaxy is tapping into a sector with enormous growth potential.
If the team can deliver on their promises, the SOLX token could be ready to rally in the next bull cycle.
Visit Solaxy Presale
This is a sponsored story. Please conduct your own due diligence and make an informed decision before taking any action. Bitcoin.com accepts no responsibility or liability.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
