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With Bitcoin attempting to reclaim the $100k level, the entire Solana ecosystem has regained its bullish momentum. Sol Strategies, a leading company from Canada focusing on investments in the Solana blockchain and ecosystem, has seen almost a 300% increase in the last 60 days.
Since the last week of October 2024, the crypto stock has risen from $1 to $3. This surge could be attributed to bullish market conditions around Solana as well as a recent series of acquisitions made by Sol Strategies.
Exceptional Growth of Sol Strategies
The Sol Strategies price action since October 15, 2024, has been nothing short of exceptional. After moving up parabolically until October 31, 2024, the crypto stock experienced a massive correction of 53%.
After trading within the $1 to $1.8 range until near the end of November 2024, Sol Strategies began moving up again. Now, this stock has crossed the $3 mark, retesting the December ATH (All-Time High) level and showing the possibility of breaking out to reach new highs. The token’s RSI (Relative Strength Index) is currently at 65, which suggests that it could even reach new highs.
A Brief Overview of Sol Strategies
Sol Strategies is a publicly traded company offering users Solana staking opportunities. Running a validator node, the company has delegated 1 million Solana tokens — equivalent to $332 million or $480.6 million CAD — and owns 142,031 SOL worth $43.9 million.
The recent surge in the value of Sol Strategies stock, which is listed under the ticker symbol HODL on the Canadian Securities Exchange and CYFRF on the OTCPK, has been attributed to multiple reasons. One of these reasons is the completion of Orangefin Ventures’ Validator acquisition. This acquisition increased Sol Strategies’ total staked SOL to 1.5 million.
This strategic acquisition has expanded the validator network and infrastructure while securing key executives with relevant industry experience.
Another reason could be Solana’s performance. The utility crypto has once again moved up in value, crossing the $200 mark. This surge in Solana’s price is due to the positive market conditions around crypto, as Bitcoin has once again crossed the $99k level and could soon break past its $100k resistance.
Solaxy is Another High Potential Solana-Based Project to Invest in
While Sol Strategies’ growth does inspire confidence, investors should also be on the lookout for newly-launched utility-driven cryptos on the Solana blockchain, since they too have shown massive growth in the past.
One of those cryptos that seems to have captured the community’s attention is Solaxy. This utility token with an appearance of a meme coin, aims to address the shortfalls of Solana blockchain, potentially offering users short and long-term upsides.
Solaxy, a meme coin project with utility, is offering the first-ever Layer-2 chain on Solana. This crypto project aims to unlock the full potential of the Solana blockchain, providing users with a more scalable, secure, and faster network.
On its official website, Solaxy has highlighted that through a highly customizable network, it aims to enhance Solana’s scalability, allowing for the creation of more meme coins, which have been a key driving force behind Solana’s growth.
Furthermore, the new project also aims to provide a network with “zero downtime,” ensuring issues like network congestion and failed transactions become a thing of the past.
Ever since Solaxy became available on presale, it has raised more than $8.6 million and is now available at a discounted price of $0.001592.
Final Words
2025 has brought new hope to the crypto industry. Bitcoin’s recent attempt to recapture the $100k mark has created a chain reaction, resulting in crypto stocks like Sol Strategies experiencing surges in triple digits.
While it is unclear how long this growth will last, the overall sentiment is bullish, making it a suitable time to invest in Sol Strategies as well as other crypto assets. Among these, the Solana-based Solaxy is also gaining traction. Since it is currently on presale, investors have a prime opportunity to diversify their investments.
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