{"id":25335,"date":"2024-12-27T15:28:21","date_gmt":"2024-12-27T15:28:21","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=25335"},"modified":"2024-12-27T15:28:21","modified_gmt":"2024-12-27T15:28:21","slug":"solana-faces-22-decline-in-december-will-solaxy-propel-its-growth","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/solana-faces-22-decline-in-december-will-solaxy-propel-its-growth\/","title":{"rendered":"Solana Faces 22% Decline in December: Will Solaxy Propel Its Growth?"},"content":{"rendered":"\n

Since the rise of the cryptocurrency sector, Bitcoin ($BTC) and Ethereum ($ETH) have been the leading names, with no other coins coming close. However, the landscape shifted in 2022 when Solana ($SOL) outperformed both for the first time across several metrics.<\/p>\n

Following a significant drop in 2022 due to the FTX collapse, $SOL’s value surged by 2,000%. According to a report from Glassnode<\/a>, in the 727 days post-FTX fallout, $SOL has outperformed both $BTC and $ETH for 344 days.<\/p>\n

During this period, $SOL also attracted more capital than its two main competitors.<\/p>\n

A key factor in this rapid growth has been the rise of meme coin activities on the Solana blockchain.<\/p>\n

The demand for $SOL is largely driven by these meme coin transactions, leading its price to peak at $263 earlier this year.<\/p>\n

<\/span>Despite Achievements, $SOL is Down 22%. What Does This Imply?<\/strong><\/span><\/h2>\n

Although $SOL has shown impressive performance against $BTC and $ETH, it has faced a decline since early December, dropping by 3.6% in just one day.<\/p>\n

This downturn is attributed to the limitations of the Solana mainnet, which struggled to cope with increased user traffic, resulting in congestion and delayed transactions.<\/p>\n

To tackle these issues, Solaxy has emerged, offering a layer-2 scaling solution designed to alleviate the main network’s constraints.<\/p>\n

In simple terms, Solaxy aims to transfer some transactions away from Solana, thereby reducing congestion and enabling lower trading fees through quicker processing.<\/p>\n

<\/span>Should You Consider Investing in Solaxy\u2019s New Token?<\/strong><\/span><\/h2>\n

In conjunction with its Layer-2 network, Solaxy has launched a new token, $SOLX, which is currently in presale and has already raised over $6.2 million.<\/p>\n

The presale price for one $SOLX is $0.001582 and is expected to rise before it becomes available on exchanges, making this the best entry point into the Solaxy ecosystem.<\/p>\n

<\/p>\n

While gains in crypto are never guaranteed, analysts anticipate that $SOLX could see at least a 10x increase, with some experts speculating it might reach 100x<\/a> potential due to its initial momentum, though it’s too early to confirm that possibility.<\/p>\n

<\/span>Exploring Opportunities with Solaxy<\/span><\/h2>\n

To participate in the $SOLX presale, head to the official Solaxy website, connect your wallet, and use $ETH, $BNB, or $USDT for payment. Credit card payments are also available, but they may incur higher fees.<\/p>\n

Always remember to conduct thorough research before investing in any meme coin. It’s prudent to diversify your investments (with indexes like $MEMEX) and only invest what you can afford to lose.<\/p>\n","protected":false},"excerpt":{"rendered":"

Since the rise of the cryptocurrency sector, Bitcoin ($BTC) and Ethereum ($ETH) have been the leading names, with no other coins coming close. However, the landscape shifted in 2022 when Solana ($SOL) outperformed both for the first time across several metrics. Following a significant drop in 2022 due to the FTX collapse, $SOL’s value surged […]<\/p>\n","protected":false},"author":14,"featured_media":25336,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Solana Faces 22% Decline in December: Will Solaxy Propel Its Growth? - Bitrabo","description":"Since the rise of the cryptocurrency sector, Bitcoin ($BTC) and Ethereum ($ETH) have been the leading names, with no other coins coming close. However, the land"},"footnotes":""},"categories":[316],"tags":[2463,2870,1602,10838,1213,10725],"class_list":["post-25335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-december","tag-full","tag-potential","tag-realize","tag-solana","tag-solaxy"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/25335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=25335"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/25335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/25336"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=25335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=25335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=25335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}