Crypto has shifted back into bull mode, with Bitcoin (BTC) temporarily surging past $105,000 following the 90-day tariff suspension negotiated by China and the US. In the meantime, Ethereum (ETH) has surged 50% since its Pectra upgrade on May 7, settling near the $2,500 level. This market-wide confidence has now sparked fast-paced gains for Layer 2 (L2) coins, driving their combined market cap to more than $17 billion.<\/p>\n
Most leading L2 coins have witnessed double-digit percentage moves over the last week, with Arbitrum (ARB), Optimism (OP), and Immutable (IMX) each gaining around 40%. Crypto presales are also booming, with the viral Layer 2 project Solaxy (SOLX)<\/a> surpassing $35 million during its internet-dominating presale.<\/p>\n Investors are now intensely focused on Solaxy, as it\u2019s aiming to make Solana a more consistently reliable blockchain for both users and developers. Now that Solana has established itself as a go-to chain for projects that produce high transaction volumes (such as meme coins, games, and NFTs), many see Solaxy as a catalyst for the next wave of Solana adoption.<\/p>\n Early buyers can still buy SOLX in the latest presale phase<\/a> for just $0.001724, but this price will increase incrementally until the sale wraps up.<\/p>\n This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.<\/strong><\/em><\/span><\/p>\n After a prolonged bear market earlier this year, altcoins are now back in the spotlight. Bitcoin rallied above $100,000 on May 8\u2014and that major psychological milestone caught the world\u2019s attention. Historically, when BTC makes big moves, it often triggers a \u201cpass the baton\u201d effect, where profit-taking BTC holders rotate their funds into higher-risk altcoins.<\/p>\n We\u2019re now seeing that scenario play out, as key metrics signal a classic alt season is already in progress. The total altcoin market cap has broken out of its multi-month downtrend<\/a>, and individual altcoins are posting major gains. For example, Pi Network doubled in value over the last week\u2014and Solana bulls are working to maintain the L1 crypto\u2019s latest uptrend.<\/p>\n Top crypto commentators have also noted that deeper market data supports a new alt season, as Bitcoin\u2019s dominance dipped on the weekly timeframe. Michael van de Poppe (an influencer with over 786,000 followers) recently pointed out a bearish divergence on Bitcoin\u2019s dominance chart, hinting that altcoins are set to outperform BTC for the next stretch of this cycle.<\/p>\n
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\nAltcoin Season Incoming? Solana\u2019s Comeback Signals Market Shift<\/strong><\/h2>\n