This is the year of memecoins. Popular meme coins like DOGE, BONK, Pepe and FLOKI have managed to garner a lot of attention. Even newer memecoins such as Wall Street Pepe and Flockerz have also left a mark in the market in just a few days.
Overall, it was a good year for meme coins every year. But the one name that stands out the most with experts speculating whether it can be the next 100x token or not is Solaxy ($SOLX).
For those who don’t know, Solaxy is developing a revolutionary layer-2 solution for Solana and $SOLX is its native currency. Solana is already a popular exchange network, and it is the only one that can compete with Ethereum at the moment. In fact, recently it overtook Ethereum as the exchange with the highest number of developers.
However, more demand brings more traffic which leads to congestion and slow transactions. This is where the layer-2 protocol steps in. Now let’s see whether $SOLX has what it takes to be the next 100x token.
Can It Really Be the Next 100x Token?
At this stage, it’s hard to say whether $SOLX can be a 100x token but there are signs that show that it has massive potential.
The biggest reason is that Solaxy solves a lot of pain points:
- Due to heavy traffic, Solana’s performance has been taking a serious hit. Solaxy fixes this issue by implementing offloading processing to reduce the burden on Solana’s layer 1, thereby speeding up transactions.
- Solana’s layer 1 struggles with scalability whereas Solaxy uses transaction bundling to enable scalability while keeping costs low and output high.
Solaxy does not completely overwrite Solana. It simply takes the best features from the network, fixes its shortcomings, and creates a powerful new product.
Another reason why we think that Solaxy might be the next 100x token is that it has irked a lot of interest since the beginning of its presale. In just the first week of its presale, it crossed more than $3 million in sales.
Many experts have also predicted its success. Once the presale ends (which will probably happen in 2025), analysts predict that the token will experience its first price surge, which is likely to be around 20x as per current market conditions. This number will eventually grow bigger as the year rolls depending on how well the token can hold the hype.
The year 2026 might not be very promising for the token. Experts are predicting a market crash which might cause the value of $SOLX tokens to dip. But again, who has seen what’ll happen a year later? For now, there’s certainly a possibility for $SOLX to be the next 100x token.