Dogcoin Soars Another 200%, Could Solaxy Explode Next?

While the crypto market has been shaky lately, one dog-themed coin is making all the right moves.

Dogcoin (DCOIN) has surged another 200% – leaving investors buzzing about its future potential.

Investors are also excited about the new Layer-2 project Solaxy (SOLX), with some suggesting it could mirror DCOIN’s incredible rise.

New Meme Coin DCOIN Soars 200% to Take Crypto Market By Storm

Move over, DOGE and SHIB – a new dog coin is taking over the market.

And its price is rising fast.

Dogcoin, an Ethereum-based meme coin, has posted enormous gains since going live two weeks ago.

After launching on the Uniswap DEX, DCOIN traded sideways for a week before rising exponentially.

Although it topped out and then dropped, the coin has flipped bullish again and is now trading at $0.0030.

That represents a 200% increase from where it was yesterday.

At one point overnight, DCOIN was up more than 470%, though it has cooled off a bit since.

But this dog coin is still making headlines, seeing over $1.2 million in spot trading volume in the last day.

DCOIN calls itself the “fairest ETH token in crypto for the people,” and that message seems to be reaching a wide audience.

Crypto Twitter is beginning to talk about it – and DCOIN is even at the top of DEXTools’ hot pairs list.

Meme Coin Market Struggles Amid Interest Rate Cut Uncertainty

DCOIN has picked a strange time to rally.

While most meme coins are selling off – DOGE is down 2%, SHIB is down 4%, and TRUMP is down nearly 10% – this dog-themed token is going against the grain.

Only WIF has managed to post a gain in this bearish environment.

Today’s meme coin slump appears to be part of a larger trend.

The entire crypto market is taking a breather, with Bitcoin down 1% and trading just above $100,000.

SOL is also selling off, dropping 4% since yesterday.

Investors seem to be extremely cautious about the Fed’s first FOMC meeting of 2025.

While the market is almost certain that rates will stay the same – the FedWatch tool puts the odds at 99.5% – crypto investors have learned to expect the unexpected.

Most traders are sitting on their hands before Jerome Powell makes his next move.

Because of this, meme coins and altcoins are facing increased selling pressure – which could continue until the Fed’s stance becomes clearer.

Could Solaxy be the Next to Explode? SOLX Token Presale Nears $16M as Hype Builds

While the market is shaky right now, some traders are betting on Solaxy to be the next big thing.

Unlike DCOIN, Solaxy isn’t just another meme coin.

It aims to be Solana’s first Layer-2 solution, tackling the performance bottlenecks holding the network back.

The project has already gone viral, raising almost $16 million in presale.

Early investors can grab SOLX, the project’s native token, for just $0.001618 in the current presale stage.

And investors are scrambling to do so – believing SOLX could explode once it hits the open market.

Most of the excitement around Solaxy is because of its advanced tech, which promises to handle transactions off-chain, giving Solana a speed boost.

Throw in cross-chain compatibility with Ethereum, and you’ve got a project catching the attention of both retail investors and crypto whales.

Solaxy’s staking program is another big draw.

It currently offers yields of 249% per year – and the team at 99Bitcoins thinks this could help sustain demand for the SOLX token long term.

So, in contrast with pure meme plays like DCOIN, Solaxy has solid fundamentals and a clear vision for the future.

If the team delivers on its roadmap, SOLX has every chance of being the next low-cap coin to go parabolic.

Visit Solaxy Presale

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