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Solana faces congestion while Musk increases 500%, encouraged by Errol Musk’s claims about ownership and a growing volume of trading.
The rise of musk it -a (muscit) caused another wave of congestion on Blockchain from Solana, as meme coin continues to overcome network capacity. Since the muscit pump more than 500% and reaches $ 0.069, the amount of trading has exploded, running increased activity on the solana and pushing transaction fees higher.
The sudden jump in interest was caused by Errol Musk, father of Elona Musk, who requested the ownership of the Musk IT project and called the IT Musk Institute. The muscit coin was launched in mid -December last year, but public affiliation with the Musk family only came to light today. According to Errol Musk, the aim of the project is to raise funds for the Musk Institute, a non -profit research center focused on scientific search, including the development of flying vehicles.
Despite the network stress on the salt pans, the feelings of investors remain bulls and traders continue to accumulate muscit, expecting further gains as market momentum increases.
In the meantime, investors also support the new Solaxy Project, which builds the first Solana Layer-2 to facilitate the problems of congestion and collect more than $ 16 million with its current pre-sale.
Muskit breaks the key resistance level: Where is the next price?
This recent increase in the prices of muscite follows a dramatic increase in demand, encouraged by speculation and strong community support. Solana network, already known for previous slowdowns during the high traffic period, is again facing delays and larger gas fees. The congestion emphasizes the urgent need for scalable layers of layer-2, which can absorb a load from impravation projects such as muscite.
Despite the problems of congestion, the technical prospects for the muskit suggest further potential upside down after the last decay. The price of the muscite is currently hovering around a key resistance level of $ 0.038, transforms it into a new support zone and signals strong customer trust. However, earlier today, the muskit saw huge, even if Biref, increased to $ 0.69, which signals the potential for new heights.
On a four-hour ladder, the muscit remains in a clear trend, tearing significantly above its 9-pierced Emma and 50-Period SMA, confirming the bull’s momentum. The gold cross between these moving average further suggests continuing upwards.
Indicators such as the relative strength index (RSI) show a strong pressure from buying, which is currently sitting for 63 years, just below the excessive territory. This suggests space for additional gain before the potential short -term correction. Bollinger loans are expanding, indicating greater volatility, with prices moving toward the upper belt, which is a sign of continuous power.
If the purchase pressure holds, the muscit could target the next level of resistance to $ 0.045 before trying to reach a psychological barrier of $ 0.05. However, traders should look out for short -term withdrawal, as profit collection could lead to temporary withdrawal to the support zone in the amount of $ 0.035 before the second set.
While oscillators are in the red zone “Sell”, which is mostly caused by serious volatility and unprecedented increase in prices at $ 0.69 earlier today, moving averages are constantly blinking in an “strong purchase” area, signaling that Muskit has a lot more potential.
The overall mood remains bikovit, and with the increase in the volume of trading, the muscit can continue to attract attraction as speculative interest rates are triggered by further accumulation.
Solaxy is a solution of a layer-2 for problems with the Solana scalabiness
While Muskit’s success strain Solan, investors are looking for the next major project that can solve congestion problems while offering great potential upside down. Solaxy (Solx) appeared as the first layer-2 scaling solutions designed especially for an ecosystem that spreads the solani, making it an attractive option for long-term growth.
By integrating the advanced layer-2 technology, Solaxy improves transactions speed and significantly reduces fees, solving congestion problems that projects such as men still exhibit. The Ethereum-solana project bridge increases the compatibility of the cross chain, allowing noises to transfers between the two largest blockchain networks.
https://twitter.com/solaxytoken/status/1882459105467433452
Solaxy’s Solx Token plays a critical role in ensuring transactions and ecosystems power. With an early price of pre -production in the amount of $ 0.00162, investors can enter the next price increase. In addition, reward investing up to 240% APY provides passive revenue options, which makes Solx an attractive long -term investment.
As demand for scalable blockchain solutions is increasing, Solaxy is well positioned to grow in value, especially since Solana still experiences congestion from meme coin activities. Investors who are looking for the next breakthrough project should be considered as SOLX as a top candidate in Layer-2.
For more information, Visit the Solaxy Present website.
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