{"id":7633,"date":"2025-01-14T16:32:55","date_gmt":"2025-01-14T16:32:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7633"},"modified":"2025-01-14T16:32:55","modified_gmt":"2025-01-14T16:32:55","slug":"solana-kaspa-among-top-altcoin-gainers-as-new-sol-l2-solaxy-hits-10m-in-presale","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7633","title":{"rendered":"Solana, Kaspa Among Top Altcoin Gainers as New SOL L2 Solaxy Hits $10M in Presale"},"content":{"rendered":"
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The crypto market is green again, with Kaspa (KAS) and Solana (SOL) racking up solid gains in this latest rally.<\/p>\n

At the same time, Solaxy (SOLX) \u2013 a new Layer-2 scaling solution for Solana \u2013 is going viral after hitting the $10 million milestone in its presale.<\/p>\n

Kaspa & Solana Lead Market Surge as Trading Volumes Ramp Up<\/h2>\n

Kaspa<\/a> is leading today\u2019s market rebound, surging 19% to hit $0.13 \u2013 its highest level in the past 10 days.<\/p>\n

The blockDAG-based crypto is seeing a significant boost in trading activity, with spot volumes jumping 62% as traders flock to what\u2019s currently one of the hottest tokens on the market.<\/p>\n

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KAS is even at the top of CoinMarketCap\u2019s altcoin gainers list.<\/p>\n

Not far behind is Solana<\/a>, which has climbed 6% to $187 after bouncing off the key $180 support level.<\/p>\n

Rising open interest<\/a> in SOL derivatives is also drawing attention, signaling that traders might be preparing for an even bigger rally.<\/p>\n

However, SOL is still 28% below last November\u2019s all-time high, so the popular blockchain token still has a long way to go.<\/p>\n

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Overall, after two weeks of bearish price action, the breakouts of KAS and SOL suggest there\u2019s new momentum in the market.<\/p>\n

It could be the start of a more extended rally for altcoins.<\/p>\n

The Trump Effect \u2013 Crypto Market Rallies on Regulatory Optimism<\/h2>\n

The entire crypto market is making a comeback<\/a>, with Bitcoin rebounding to $96,500 and Ethereum climbing to $3,200.<\/p>\n

This rally comes as optimism grows around crypto\u2019s regulatory future, mainly due to Donald Trump\u2019s upcoming inauguration.<\/p>\n

He\u2019s widely expected to make pro-crypto appointments in key positions.<\/p>\n

Trump has already nominated Paul Atkins to head the SEC \u2013 and Atkins is well-known for his supportive stance on digital assets.<\/p>\n

FundStrat\u2019s Tom Lee thinks this is huge, predicting that Bitcoin could rally to $250,000 under a more crypto-friendly administration.<\/p>\n

And such a rally would undoubtedly benefit altcoins like Kaspa and Solana.<\/p>\n

Adding to the upbeat sentiment is the \u201cJanuary Effect,\u201d where the start of the year typically brings an increase in investment activity.<\/p>\n

Although the first two weeks of January were the opposite, we might now be seeing this trend fall into place.<\/p>\n

So, while recent worries about Federal Reserve interest rate decisions have kept traders on edge, the overall market mood appears to be shifting toward positivity.<\/p>\n

Both KAS and SOL are benefiting from this change in sentiment.<\/p>\n

Solaxy Raises $10M in Presale as Some Analysts Praise New Solana Layer-2 Network<\/h2>\n

The bullishness isn\u2019t just impacting established cryptos \u2013 it\u2019s also helping up-and-coming projects.<\/p>\n

One is Solaxy<\/a>, a new Layer-2 scaling solution for Solana that has just passed $10 million in presale funding.<\/p>\n

Designed to address Solana\u2019s scaling issues, Solaxy has been getting a lot of traction from retail investors.<\/p>\n

Its native SOLX token<\/a> is currently available to grab for just $0.0016.<\/p>\n<\/p>\n