SolarX Classic Price Prediction as SOLX Blasts Up 6% and Becomes Top Trending Coin – What's Going On?
The price of SolarX (SOLX) has risen by as much as 6% today, with the new altcoin climbing to $0.1821 in the past 24 hours, at a time when the cryptocurrency market as a whole is down by just over 1%.
The native token of new solar-powered blockchain SolarX, SOLX's price has risen and fallen almost erratically since it listed on Uniswap and other trading platforms at the end of last week, with the coin already 21% down from its all-time high of $0.2319 (September 22).
Yet interest in the new coin remains high, with more exchanges announcing their support for it in the past day, providing another source of potential incoming gains.
After dipping over the weekend, as part of post-listing correction, SOLX now appears to be enjoying another growth spurt, with its technicals in a strong position.
Its relative strength index (purple) has risen above 50 again after spending most of the weekend at around 40 or below, indicating renewed market interest.
Such interest is also indicated by the spike in trading volume the coin has enjoyed, rising as high as $3.5 million in the past 24 hours.
At the same time, SOLX's price has shot above its short-term moving average (yellow), another sign that its momentum has grown in the past few hours.
Based on all this, the new token could potentially rise further before its current rally runs out of steam, with the coin possibly reaching $0.190 in the next day or so.
As noted above, SolarX is new cryptocurrency project that has launched in tandem with its very own SolarX Mining Device, which has been "developed to use solar panels or other renewable energy sources to power the mining process," as written in the platform's whitepaper.
This use of solar energy for mining has seemingly whetted the market's
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