With Bitcoin trying to reclaim the $100k stage, the whole Solana ecosystem has regained its bullish momentum. Sol Methods, a number one firm from Canada specializing in investments within the Solana blockchain and ecosystem, has seen nearly a 300% improve within the final 60 days.
For the reason that final week of October 2024, the crypto inventory has risen from $1 to $3. This surge may very well be attributed to bullish market circumstances round Solana in addition to a latest sequence of acquisitions made by Sol Methods.
Distinctive Progress of Sol Methods
The Sol Methods worth motion since October 15, 2024, has been nothing in need of distinctive. After shifting up parabolically till October 31, 2024, the crypto inventory skilled a large correction of 53%.
After buying and selling inside the $1 to $1.8 vary till close to the top of November 2024, Sol Methods started shifting up once more. Now, this inventory has crossed the $3 mark, retesting the December ATH (All-Time Excessive) stage and displaying the potential of breaking out to succeed in new highs. The token’s RSI (Relative Power Index) is presently at 65, which means that it may even attain new highs.
A Transient Overview of Sol Methods
Sol Methods is a publicly traded firm providing customers Solana staking alternatives. Operating a validator node, the corporate has delegated 1 million Solana tokens — equal to $332 million or $480.6 million CAD — and owns 142,031 SOL value $43.9 million.
The latest surge within the worth of Sol Methods inventory, which is listed beneath the ticker image HODL on the Canadian Securities Alternate and CYFRF on the OTCPK, has been attributed to a number of causes. Certainly one of these causes is the completion of Orangefin Ventures’ Validator acquisition. This acquisition elevated Sol Methods’ whole staked SOL to 1.5 million.
This strategic acquisition has expanded the validator community and infrastructure whereas securing key executives with related trade expertise.
Another excuse may very well be Solana’s efficiency. The utility crypto has as soon as once more moved up in worth, crossing the $200 mark. This surge in Solana’s worth is as a result of constructive market circumstances round crypto, as Bitcoin has as soon as once more crossed the $99k stage and will quickly break previous its $100k resistance.
Solaxy is One other Excessive Potential Solana-Primarily based Challenge to Spend money on
Whereas Sol Methods’ progress does encourage confidence, traders also needs to be looking out for newly-launched utility-driven cryptos on the Solana blockchain, since they too have proven huge progress prior to now.
A kind of cryptos that appears to have captured the neighborhood’s consideration is Solaxy. This utility token with an look of a meme coin, goals to deal with the shortfalls of Solana blockchain, probably providing customers brief and long-term upsides.
Solaxy, a meme coin undertaking with utility, is providing the first-ever Layer-2 chain on Solana. This crypto undertaking goals to unlock the total potential of the Solana blockchain, offering customers with a extra scalable, safe, and quicker community.
On its official web site, Solaxy has highlighted that by way of a extremely customizable community, it goals to reinforce Solana’s scalability, permitting for the creation of extra meme cash, which have been a key driving pressure behind Solana’s progress.
Moreover, the brand new undertaking additionally goals to supply a community with “zero downtime,” making certain points like community congestion and failed transactions grow to be a factor of the previous.
Ever since Solaxy turned accessible on presale, it has raised greater than $8.6 million and is now accessible at a reduced worth of $0.001592.
Remaining Phrases
2025 has introduced new hope to the crypto trade. Bitcoin’s latest try and recapture the $100k mark has created a series response, leading to crypto shares like Sol Methods experiencing surges in triple digits.
Whereas it’s unclear how lengthy this progress will final, the general sentiment is bullish, making it an acceptable time to spend money on Sol Methods in addition to different crypto property. Amongst these, the Solana-based Solaxy can also be gaining traction. Since it’s presently on presale, traders have a main alternative to diversify their investments.