1 month ago
24
The broader market uncertainty has supercharged the demand for low-cap cryptocurrencies. Unlike the majors, low-cap assets do not show much correlation with Bitcoin’s short-term price action.
A new Solana coin, Solana Social Explorer ($SSE), has created generational wealth for early buyers this week. One trader turned his $358 investment into $718,000, with his holdings worth over $800,000 at one point.
The $SSE price has since dipped amid profit-taking from early buyers. However, Elliot Wave analysis suggests the low-cap asset could soon see a bullish reversal.
Whales are also betting big on Solaxy, another high-utility Solana token which has already raised over $18 million in its presale. Being the first prominent SOL layer-2 coin, early buyers believe it is the next crypto to explode.
What Is Solana Social Explorer ($SSE)?
Solana Social Explorer is a Solana wallet, transaction and tokens tracker, built on the social graph protocol, Tapestry. It is an improved version of the existing trackers like Solscan, Solana Explorer and Blockchain.info.
On the Solana Social Explorer, users can create profiles, follow others, and track transactions, wallets and holding, all in a seamless and user-friendly manner. Besides, it is also aiming to be the hub for Solana Social, allowing all apps created on the Tapestry protocol to interact with each other.
On a Solana blockchain that has been dominated by pump-and-dump memes, a high-utility token has been a breath of fresh air. Tapestry even raised nearly $6 million from VCs for its social graph protocol.
Unsurprisingly, early buyers have created generation wealth with $SSE. The aforementioned trader, who turned $358 into $718,000, is only one of the moongbaggers. Many others have turned their three-figure investment into six-figures with the low-cap asset.
$SSE Price Prediction — Is It Still An Attractive Investment?
The $SSE price is down over 50% in the past 24 hours amid profit-taking from investors.
However, it is trading within a parallel channel and appears poised for a breakout.
Elliot Wave Analysis also suggests that $SSE is poised for a bullish reversal. It is currently in the final 2nd impulsive wave — which is largely corrective — of a larger upside move. The third upside wave could present another opportunity for new buyers to earn outsized income.
Experts believe the $SSE price could hit the $100 million mark in the coming days, making it an attractive investment still.
Could Solaxy Be The Next Crypto To Explode?
Whales are betting big on Solaxy (SOLX) as well, the first prominent Solana layer-2 token. Just last month, a whale purchased nearly $400k worth of SOLX coins.
Behind such heavy whale bidding, Solaxy has already raised over $18 million in the early stages of its presale.
Much like $SSE, Solaxy is a high-utility asset. Its Layer-2 roll-up architecture is expected to be key in tackling Solana’s network congestion, scalability and downtime issues, particularly during periods of heavy traffic.
For instance, the Solana network saw heavy transaction failure during the TRUMP meme coin mania in January. With Solaxy, both chains could see exponentially better scalability, zero downtime and fast and cheap transactions.
The Layer-2 architecture is designed to bundle SOL transactions into batches, execute them off-chain and publish the state change on the mainnet.
Considering Solaxy is the first prominent Solana Layer-2 project, smart money investors believe it is substantially undervalued in its presale. Many consider it to be one of the next crypto to explode, which could offer anywhere between 10x and 100x returns.
English (US) ·