The crypto bull run is entering its most euphoric phase and the accumulation window is closing. Although many established majors such as Fantom (FTM) and Sui (SUI) have already experienced massive rallies in 2024, investors who bid with size can still squeeze respectable returns in the upcoming months. However, those who are interested in real price multipliers should look no further than Toncoin (TON) and Elluminex (ELX) which are both set for an explosive 2025.
Elluminex in particular presents a prime opportunity for early adopters and the presale of the $ELX utility token is expected to launch very soon. Built on the TON blockchain, Elluminex will provide a holistic DeFi ecosystem capable of rivaling premier DEX protocols such as Uniswap and Jupiter.
Is Elluminex The Game Changer For Toncoin?
Elluminex is an upcoming decentralized finance (DeFi) platform poised to revolutionize the TON blockchain ecosystem. Designed as a secure and user-centric protocol, Elluminex aims to empower individuals and remove third parties from the equation, to create a transparent and trustworthy financial solution. This means that users will retain complete ownership of their private keys and assets. Simultaneously, the privacy of individuals will remain off-limits, as no KYC verification will be needed to join the platform and access Elluminex’s full suite of services.
Through its innovative cross-chain bridge that connects all major blockchains, Elluminex will allow for near-instantaneous transactions. With a focus on interoperability and liquidity concentration, Elluminex positions itself as a powerful competitor in the DEX space, solving at once all of the issues stunting single-chain protocols. Namely, fragmented liquidity, poor interoperability, and high slippage.
Moreover, users will be able to put their $ELX tokens to work and tap into a passive income source through Elluminex’s staking mechanism. This system not only encourages and rewards long-term holding, but when coupled with the token’s deflationary model, it makes for a sure-fire growth formula that could see the $ELX price skyrocket in 2025.
Fantom (FTM) entered escape velocity in late November as investors began rotating funds from the top 10 into high to mid-cap projects. Fantom exploded by nearly 100% in a matter of weeks, peaking at around $1.43, a level unseen since 2022. Today, Fantom is consolidating in a narrow channel, hovering just above the $1.38 support with a 1.8% uptick.
Over the years, Fantom garnered significant traction with its DeFi ecosystem, and as the launch of the Sonic upgrade is drawing near, investors are increasingly paying attention. This highly-anticipated upgrade will dramatically enhance scalability, targeting speeds beyond 2,000 transactions per second. It features the new Fantom Virtual Machine, alongside a shift from FTM to the new S token, to support a broader range of applications while improving efficiency and reducing storage costs. The release will likely translate into a steep price increase and position Fantom as one of the most innovative DeFi platforms in the space.
Throughout 2024, Sui (SUI) took the spotlight as one of the most revolutionary Layer 1s in the space, with many supporters deeming it as the possible “Solana killer”. Since late August, Sui surged by over 500% reaching a new ATH at $4.93. However, this move appears far from exhausted as Sui’s daily RSI indicator sits at 66 points, meaning that a rally above $5 could be in store in the upcoming weeks.
SUI stands out among the other Layer 1 blockchains due to its lightning-fast transaction speeds, reaching up to 120,000 TPS. One of the main driving forces behind Sui’s latest rally has, undoubtedly, been the release of DeepBook. This is a decentralized exchange that leverages Sui's architecture for parallel transaction execution, low transaction fees, and high performance to offer a comprehensive trading environment.
Throughout 2024, Toncoin (TON) emerged as one of the hottest Layer 1 platforms, with a booming gaming sector, which includes popular titles like Notcoin and Hamster Kombat. In November, Toncoin managed to regain some ground, although, in terms of gains, it lagged behind projects like Fantom and Sui. After peaking at $7, Toncoin entered a cool-off phase and is now consolidating at $6.10 with flat price movement on the daily timeframe. However, Toncoin seems ready to play the catch-up game as it’s increasingly gaining momentum. Discussions on X suggest that TON is forming a symmetrical triangle pattern on the 1-hour chart, and once a breakout is confirmed, the next major target is expected to be the $7.55 resistance.
A significant catalyst behind TON's success has been the integration with Telegram, enhancing its utility for millions of users through seamless blockchain interactions within the messaging app. On the other hand, on the DeFi front, Toncoin is still largely underdeveloped as it lacks a dedicated protocol to drive liquidity within the ecosystem. However, this is poised to change soon, as Elluminex has been created to unlock Toncoin’s true potential and potentially overhaul the entire DeFi space with its cutting-edge framework.
With its focus on self-custody, privacy, and user education, Elluminex has the potential to position itself as a trailblazer in the evolving DeFi landscape. With TON blockchain’s rapid growth, could make Elluminex a staple in any future-proof portfolio.
For ambitious investors, Elluminex represents a golden opportunity to be at the forefront of the next DeFi success story. Keep an eye on Elluminex as its launch draws near.
For more information about Elluminex (ELX) visit the links below:
Website: https://elluminex.com/
Twitter/X: https://x.com/elluminex
Telegram: https://t.me/Elluminex
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