Thousands of tokens launch every day, with most crashing quickly and becoming worthless over time. However, some tokens, like Lagrange ($LA), manage to stand out. The utility token for the Lagrange Foundation, which supports a verifiable AI ecosystem, saw a remarkable increase of over 560% within hours after being listed on major exchanges, raising its market cap to over $287 million.
The successful launch of $LA can be attributed to several factors. Firstly, it has a foundational ecosystem, as $LA fuels the base layer for the ambitious ZK Prover Network project. Secondly, the token attracted significant early interest, receiving $13.2 million in seed funding from notable investors like Peter Thiel’s Founders Fund. Additionally, the project had a clearly defined design, outlining the workings of tokenomics, fee generation, and staking within the $LA ecosystem.
Moreover, $LA benefited from a broad listing on decentralized and centralized exchanges following its Token Generation Event, including platforms like Coinbase, KuCoin, and Bitget. This combination of factors, rather than just one, contributed to the project’s success, with investors showing confidence in the long-term potential of the Lagrange Foundation. Even when some investors took profits and caused a temporary dip in the token's price, others bought the dip, driving $LA back up.
While no two crypto projects are identical, there are basic principles from $LA’s success that can be applied to evaluate other projects. One such project is Solaxy ($SOLX), which shares promising similarities with $LA. Initially appearing as a typical Solana meme coin, Solaxy is actually the foundation of the first-ever Solana Layer-2, designed to support a new generation of faster Solana tokens.
Solaxy has already raised $44.5 million in its crypto presale, which is set to end in ten days, while $LA raised $13.2 million. Furthermore, Solaxy has launched its block explorer and bridge, aiming for full operational status by June 2025. Both $LA and $SOLX are multi-chain tokens, with $LA supporting Ethereum, Base, Arbitrum, Solana, Optimism, and Polygon, while $SOLX supports Solana and Ethereum.
As Solaxy continues to roll out key features to expedite the deployment of its Layer-2 solution, there are just ten days left for investors to participate in the presale. If $SOLX mirrors $LA’s growth, early investors could see significant returns. Currently, the token price stands at $0.001746, with predictions suggesting it could climb to $0.032 by year-end, potentially yielding a 1,735% return for those who invest now.
The factors contributing to $LA’s success appear to bode well for $SOLX as well, leading to speculation about whether it could be the next fivefold token. However, investors are reminded to conduct their own research, as this is not financial advice.
