Dogecoin, the world’s greatest meme coin by market capitalization, isn’t producing the identical form of buzz it as soon as did. Whereas the group felt elated when the Dogecoin worth closed in on $0.5 by the top of final yr, and when the emergence of the Division of Governmental Effectivity gave the meme extra legitimacy, curiosity has now gone down.
The Dogecoin worth dip has led most crypto whales to search for various meme cash: ones with the identical iconic fashion however a little bit extra substance. Because of this, their eyes are actually on Solaxy, a memetic crypto with a singular utility designed to reinforce the present Solana ecosystem.
Will SOLX be capable to outperform Solana? And are the DOGE days now numbered?
Dogecoin Value in 2025 – A Story of Underperformance
Dogecoin opened in 2025 at $0.31, amidst a parabolic worth improve that pushed the DOGE worth to $0.43, which is a rise of greater than 41%. Serving to with its ascension have been Elon Musk’s antics and the conclusion of the Division of Authorities Effectivity (DOGE), whose aim is to cut back authorities spending and pull the US out of the rut of debt.
Nonetheless, because the DOGE fever began to dissipate, a realization set in: regardless of the identify, there was no actual growth inside the Dogecoin ecosystem. There have been no plans to make Dogecoin a forex used inside the higher echelons of presidency as many had hoped. And regardless of the group’s finest efforts, the web site nonetheless highlights: “Dogecoin has no utility.”
This began a downtrend, pulling the Dogecoin worth down by greater than 68% from its January highs earlier than a concerted effort led to a slight bounce. These Dogecoin bulls, or purists, are nonetheless a part of the outdated guard, specializing in nostalgia and hoping for the Dogecoin worth to go viral.
Whereas this led to an 84% improve from DOGE’s yearly backside, it solely pushed the meme coin’s worth to $0.26, which was adopted by one other correction after Could 11.
Since then, the Dogecoin worth has pulled again by greater than 22% and is presently buying and selling simply above the $0.20 stage.
That mentioned, Dogecoin has nonetheless managed to remain within the dialog with regards to use instances. On June 7, it posted a tweet on X with details about a hacking competitors for Dogecoin fanatics, presenting a chance for hackers in Portugal to attend the occasion:
With small spikes of progress and large dips, one wonders whether or not Dogecoin’s days are numbered. The reply isn’t any. Nonetheless, now that Elon Musk has distanced himself from DOGE (Division of Authorities Effectivity), the model affect he had over the meme coin is gone.
Whereas it’s nonetheless attainable for Dogecoin to pump once more, it could not occur anytime quickly. Buyers appear to have understood this and are actually dipping out of DOGE to put money into meme cash with extra potential, corresponding to Solaxy.
Solaxy (SOLX) is a Meme Coin With Main Upside Potential
Whereas Dogecoin is dropping steam, Solaxy has been capable of achieve a big following, each on social media and amongst traders.
Inside only a few quick months as a presale, Solaxy has managed to boost upwards of $47 million, making it one of many greatest meme coin presales of the yr.
With the presale ending in lower than 5 days, specialists predict that it might make an explosive debut on the value charts.
99Bitcoins, as an illustration, has acknowledged that it has 10x potential. Because of this those that put money into the presale at present, when the SOLX worth is $0.0017, might see the value rise past $0.02 when the itemizing day arrives.
Why Whales are Gravitating In the direction of Solaxy?
Solaxy has been capable of appeal to loads of whales due to its distinctive worth proposition. Whereas it presents itself as a meme coin on the floor, it’s, the truth is, a utility token powering an L2 resolution for the Solana blockchain.
With objectives of creating the present Solana community extra environment friendly, sooner, and scalable, Solaxy adopts ZK Rollups, Hyperlane, and Celestia to create the world’s first L2 resolution for Solana.
Moreover, the challenge has already launched the Solaxy Testnet. Accessible by means of Backpack Pockets, the testnet provides perks corresponding to bridging SOL, transferring property throughout the rollup, deploying good contracts on Solana’s native toolchain, and exploring on-chain exercise.
These use instances create a transparent distinction between Dogecoin and Solaxy.
Whereas Dogecoin’s core progress driver is group curiosity and memes, Solaxy is specializing in utility. Moreover, whereas Dogecoin has solely talked about introducing utility, Solaxy is appearing on it from the very starting.
Because of this, Solaxy reveals an ecosystem with numerous use instances powered by a DAO that would appeal to a group of builders who could collectively push the challenge to new heights. This might make it attainable for this new meme coin to outperform established property corresponding to Dogecoin.
So, for these eager to give attention to a meme coin challenge with a utility-centric core whereas nonetheless retaining a comedic spirit, Solaxy might be thought of a superb purchase.
Go to Solaxy
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