Although the broader crypto market is experiencing a significant downturn, with its market cap losing $450 billion from March 3rd to today, few tokens are as volatile as Pi Network (PI). PI, which exploded to an ATH of $2.98 in late February, is now experiencing a steep decline, which has investors shifting to more strategic investments.
While Pi Network faces uncertainty, the Solaxy (SOLX) presale is gaining traction with nearly $1 million raised over the past 7 days as it approaches the $27 million mark.
The project is turning heads with its goal of improving Solana’s scalability, as it intends to launch a Layer 2 blockchain. However, investors don’t have long to enter the presale on the ground floor, as its dynamic pricing model sees its per-token price rise over time.
PI Loses Support at the $1.28 Level and Comes Crashing Down – Will a Further Downturn Follow?
After six years of development in a closer environment that saw Pi Network enthusiasts mine the token with a mobile-first approach, PI launched on February 20th, priced at approximately $1.24.
Although the token had a rocky launch, visiting the $0.65 level just hours after it went live, it reached its ATH of $2.98 on February 26th. While its price only dropped since, the token enjoyed strong support at the $1.28 level, which it lost today.
Currently, PI trades at $1.08 and is meeting resistance at the $1.24 level, which it revisited after the initial crash. While uncertainty surrounds the token, crypto analyst Moon Jeff believes it is preparing for a further downturn, expecting PI to reach $0.8, which he sees as a strong buying zone.
$PI is trading below support.
The next support is at $0.6-$0.7I will be buying more at $0.8. #PiNetwork pic.twitter.com/ZHa2E78y3B
— MOON JEFF
(@CRYPTOAD00) March 18, 2025
PI’s 14-day Relative Strength Index (RSI) of 41.37 means the token is in a neutral-to-bearish zone, leaving room for a further dip in its price, as the token is neither overbought nor oversold.
With PI’s trading volume soaring by 71.35% during the sell-off indicating heightened volatility, there’s potential for the token to enter the oversold territory if the price continues to fluctuate, which could signal the beginning of future upward momentum.
Expert Sees 10X Potential in Solaxy and Commends the Project’s Focus On Community Growth
Solaxy is currently boasting $26.8 million raised with room for more growth as the presale nears its final stage. The project’s marketing efforts, fueled by 15% of the total token supply, are also showing impressive results, as Solaxy enjoys the support of over 82,700 followers across its X (Twitter) and Telegram channels.
The hype surrounding Solaxy stems from its ambitious goal of launching a Layer 2 blockchain that will help Solana deal with its congestion issues by bundling transactions and processing them off-chain. Improving Solana’s scalability could result in faster transactions and lower gas fees, so it’s no surprise investors are rushing to secure their share of SOLX ahead of its launch.
Jacob Crypto Bury, a member of the 99Bitcoins team of crypto experts, believes Solaxy is prepared for an explosive launch, pointing to the strength of its community.
The expert also highlighted Solaxy’s partnership with Best Wallet, which previously endorsed Pepe Unchained (PEPU), a project that developed a Layer 2 solution for Ethereum and soared by over 700% just 48 hours after it launched.
If Solaxy maintains its momentum, Jacob Crypto Bury believes it could soar by 10x, urging his audience to start accumulating SOLX during the presale.
Solaxy Puts Investor Security First – Here’s How to Enter the Presale and Earn More SOLX Passively
As the Solaxy presale progresses through stages, the SOLX per-token price increases, with the final stage scheduled to bring it up to $0.0169, according to the project’s whitepaper.
Currently, SOLX costs $0.01666 each, and investors can purchase it using SOL, ETH, USDT, or a credit or debit card via the presale website. Those using Best Wallet can also swap their BNB for SOLX.
Regarding security, the project passed an audit by Coinsult, which confirmed it meets the best smart contract security practices, with no issues found in its code. Additionally, 10% of the total token supply is set aside for liquidity, which helps mitigate the risks typically associated with early-stage token investments.
To maximize their investment, investors can take advantage of the project’s 152% staking APY by locking their tokens in the staking pool. However, as investors stake more SOLX, the yield decreases, ensuring early backers get the best rewards.
Solaxy’s early presale success and unique position in the market give it a solid chance to explode on launch, and since its presale is nearing the final stage, this could be the best time to start investing in SOLX.
The post Experts Highlight Solaxy’s Potential as Pi Network Faces Price Challenges appeared first on CryptoNinjas.
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