WIF Coin Experiences Significant Weekly Surge of 72%, but SOL Layer-2 Witnesses Whales Buying for Expected 20x Profits
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Solaxy (SOLX) token, currently priced at around $0.001722[1][5], has surged in presale, setting positive trends.
SOLX Price Outlook
Recent Developments
In the past 24 hours, SOLX has shown a consistent pattern, climbing from $0.00171 to $0.0018[1], suggesting tension may be subsiding. Earlier this week, the fluctuations ranged between $0.0017 and $0.002, but now the price looks steady.
The Bollinger bands, previously more constricted, expanded briefly a few hours ago, before widening again, hinting at increased user activity[1]. The widening bands can be interpreted as a positive, bullish sign, especially since the price has recovered from its recent dip.
The RSI has been bouncing between the overbought zone's value of 70 and the neutral zone's value of approximately 40[1]. Over the past couple of days, the RSI dropped to the bottom end of the neutral zone, oscillating between 30 and 50 for a while, before climbing back to 70. It then dropped to vary around 50 and, earlier this morning, plummeted to 30. However, this shift opened a window for investors to buy low, prompting many to take advantage of the opportunity, thereby pushing the RSI back up to 50[1]. The RSI might continue to rise, or it could potentially drop again if traders decide to sell.
The Wanna-be Ethereum: Solanya
Simultaneously, Solanya, a Solana-based cryptocurrency, has an exhilarating week under its belt after exceeding $36.2 million raised[2]. Solanya is the first Layer-2 project on the SOL network, acting as a scalability solution tailored to alleviate the network's problems[3].
Initially, Solana was envisioned as a swifter, more affordable, and more scalable alternative to Ethereum, and for years it effectively fulfilled its role[3]. Nonetheless, a massive increase in activity led to network congestions and even some transaction failures. Solanya seeks to remedy this by leveraging its L2 technology to offer boundless scalability, thereby unleashing Solana's true potential[3].
ClayBro, a YouTuber with over 136k subscribers, anticipates Solanya witnessing 20x growth post-launch[2]. The SOLX token, valued at $0.001724 right now, is available for purchase, with a potentially significant price increase expected in the upcoming four hours[2].
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- The surge in the SOLX token's presale, along with the positive developments in Solanya, emphasizes the importance of keeping an eye on investments in the finance sector, particularly those involving technology, to stay ahead in the crypto market.
- explosive growth in Solanya's fundraising, coupled with the rise in SOLX token price, indicates that technology-focused finance and investing in emerging cryptocurrencies could potentially offer significant returns in the near future.