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# Errol Musk’s Father Introduces the “Musk It” Token, the Solana Network is Overloaded! TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
**Warning:** *This is not financial advice. Only educational content here.*
Thus, Elon Musk’s father, Errol Musk, asserts that he is behind the “Musk It” project, and everything is going crazy! Trading volumes are increasing, sending Musk It up 500%, and the Solana network is collapsing under pressure.
This MUSKIT token appeared in mid-December last year, but only today was it publicly associated with the Musk family. Apparently, Errol Musk says that the goal is to raise funds for the “Musk Institute” – a commercial research center that deals with scientific issues, such as the creation of aircraft. Since meme coins are still causing chaos, Musk It’s growth is blocking the Solana blockchain *again*. MUSKIT jumped more than 500% to $0.069, and the trading boom is causing a surge in transaction activity on Solana, along with these annoying gas fees.
Meanwhile, investors are supporting the new “Solaxy” project, which is developing the first Solana Layer 2 solution to reduce congestion. They have already collected more than $16 million in preliminary sales. Despite the difficulties of the Solana network, investors still feel good, traders are buying MUSKIT, expecting even greater profits as the market warms up.
## MUSKIT Overcomes Resistance: Where will the Price Go Next?
The recent surge in the MUSKIT price is fueled by speculation and a huge increase in demand due to strong community support. Congestion highlights the urgent need for scalable Layer 2 solutions that can handle the load from emerging projects like MUSKIT. The Solana network has slowed down during heavy traffic before, and now it is experiencing delays and higher gas fees *again*.
Regardless of traffic jam obstacles, MUSKIT’s specialized viewpoint recommends proceeded upward possibilities following ongoing forward leaps. With theoretical premium driving further collection, MUSKIT will probably keep on acquiring foothold as exchanging volumes flood, and generally speaking feeling stays bullish.
Markers like the Relative Strength Index (RSI) show solid purchasing pressure, presently at 63, somewhat underneath the overbought area. The Bollinger Bands are broadening, showing more noteworthy instability, with cost activity inclining towards the upper band, an indication of proceeded with strength. This proposes extra potential gain before a potential transient remedy. A brilliant cross between these moving midpoints further demonstrates a supported vertical development. On the four-hour graph, MUSKIT stays in an unmistakable upturn, well over its 9-period EMA and 50-period SMA, affirming bullish energy.
Nonetheless, merchants ought to know about transient pullbacks, as benefit taking could prompt a brief retracement to the $0.035 help region before another convention. Assuming purchasing pressure endures, MUSKIT might target the following obstruction level at $0.045 preceding endeavoring to arrive at the mental hindrance of $0.05. Nonetheless, sooner today, MUSKIT encountered a gigantic, even brief, flood to $0.69, showing the possibility to arrive at new levels.
While swaying pointers are in the red zone of the “Sell” region, principally because of serious unpredictability and the phenomenal value increment to $0.69 sooner today, the moving midpoints are consistently blazing in the “Solid Purchase” region, showing that MUSKIT has more prominent potential. MUSKIT’s cost is presently floating close to the basic obstruction level of $0.038, transforming it into another help region and showing solid purchaser certainty.
## Solaxy addresses a Layer 2 Solution concerning Solana’s Adaptability Issues
Given MUSKIT’s triumph, which has put Solana under duress, financiers are currently seeking the subsequent major undertaking capable of resolving bottleneck predicaments and presenting noteworthy upward capacity. Solaxy (SOLX) has materialized as the initial Layer-2 augmentation resolution crafted expressly for Solana’s burgeoning biosphere, rendering it a compelling selection for enduring proliferation. Toncoin (TON) Value Forecast for March 26th
By incorporating cutting-edge Layer-2 technology, Solaxy amplifies transaction velocities and considerably curtails levies, tackling the bottleneck quandaries that ventures such as MUSKIT have reliably unveiled. A conduit linking Ethereum and Solana bolsters cross-chain congruence, permitting unwrinkled transfers amidst the two paramount blockchain grids.
Solaxy’s SOLX token assumes a pivotal function in safeguarding transactions and energizing the biosphere. With its preliminary pre-sale valuation of $0.00162, financiers can partake prior to the forthcoming valuation escalation. Furthermore, staking remunerations of up to 240% APY proffer inert revenue prospects, rendering SOLX a captivating enduring investment.
As the mandate for adaptable blockchain resolutions escalates, Solaxy is arranged to acknowledge considerably, notably as Solana persists in encountering bottleneck from meme coin exertion. Financiers prospecting for the subsequent breakout undertaking should contemplate SOLX as a preeminent challenger in the Layer-2 arena.
For supplementary details, explore the Solaxy pre-sale webpage.
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