Bitcoin Reaches $110,000 - What Does This Mean for HBAR, Shiba, XLM, Solaxy, Pepeto, and the Future of Cryptocurrency?

As Bitcoin's trading price surpasses $110,000, the market is buzzing again, and everyone is looking for the next big event. Currencies like HBAR, Shiba, and XLM are thriving, and this excitement is spreading to new meme coins. One of the new names is Solaxy, which claims to be the first Layer 2 built on Solana. This is definitely a fresh idea, and many early investors are keeping a close eye on it.

But the question is: Layer 2 systems typically benefit blockchains like Ethereum because transactions are slower and more expensive there. On the other hand, Solana is already very fast and cheap to use. This is why some people are skeptical about whether we really need a Layer 2 on Solana. Even if Solaxy achieves some early success and realizes a 5x growth, its long-term value remains unclear. It might not bring the real change or technological push that Solana truly needs.#ETH