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Despite bullish signals from several crypto coins, the altcoin season has not commenced fully. However, smart investors are already taking advantage of high market volatility to accumulate high-potential cryptos. Toncoin is among the top altcoins tipped to lead the bull season, with an imminent breakout expected soon.
Meanwhile, the Solana coin has continued its bullish trajectory, with analysts like Ali Martinez projecting a new ATH very soon. Aside from these established crypto coins, Elluminex, a TON-based coin, is gradually catching the interest of several whales in the DeFi market. The gem offers exceptional features and aims to revolutionize the market using its cutting-edge technology.
Having been in the consolidation phase for weeks, the recent bullish movement has increased optimism among traders who see Toncoin crypto heading toward a bullish reversal. Jonathan Carter is among the analysts who believe altcoin is heading for a positive turnaround. The analyst claims a breakout from its current wedge structure could drive the price towards $5.65, $6.10, and $6.90 soon.
According to CoinMarketCap, the Toncoin price has soared by 138% in the past year. However, its value has declined by 13% in the past month due to the recent market correction. This correction has not deterred analysts like Jonathan, who made positive Toncoin price predictions.
Despite Carter's optimistic views, the Toncoin market sentiment remains bearish. According to Tradingview, Toncoin currently trades below the 50-day and 200-day SMAs. However, with the launch of Elluminex on the TON blockchain, the Toncoin token price is expected to witness massive rallies in the coming weeks. As per Coincodex, the altcoin price will surge to $16 in the short term.
Despite the recent upswing by Solana (SOL), it will take more effort from the bulls to reach its ATH of $294. However, World of Charts, an astute crypto trader, states that Solana Crypto will break this target soon. The analyst claims Solana is breaking the bullish pennant and expects it to be a catalyst that will push the price toward $300 once it breaks.
Another analyst, TheMoonCarl, noticed that the altcoin is consolidating within the 4-hour bullish flag. A breakout could push the Solana token price to $320, similar to the above prediction. Meanwhile, CoinMarketCap data shows that Solana's price gained 33% in the past month and 22% in the past week. Solana has recorded 16 green days in the past month, with its price volatility at 11%.
Presently, Solana coin trades above the 50-day and 200-day SMA, as per Tradingview, with over 21 indicators signaling bullish momentum. The recent launch of the Trump meme coin on Solana has increased the adoption of the blockchain. As such, the chances of Solana's price reaching $300 in the short term are high.
Elluminex (ELX) is a new project built on the TON blockchain to bring DeFi features and solutions to over 950 million users on the blockchain. With the Elluminex DEX, users will enjoy low slippage, low transaction fees, and a secure environment to trade. The TON ecosystem affiliation with Telegram, a platform with close to 1 billion users, adds to the project's potential.
While Solana has Jupiter, Elluminex hopes to become a major player in the TON ecosystem while solving issues of fragmented liquidity which has hindered users and developers from accessing the network. Elluminex allows for cross-chain asset swapping, allowing users to swap between over 40 blockchain networks at the lowest fees.
Aside from trading, Elluminex offers staking opportunities, allowing users to lock up their tokens and earn up to 18% in APY yields. Other tools, such as the over-the-counter platform, allow users access to new TON projects before listing. The AI-powered portfolio tracker will give users access to real-time market data and insight, allowing users to manage their crypto portfolio seamlessly.
The ELX token powers the ecosystem. At the ongoing cryptocurrency ICO, the team has raised more than $300,000, with over 5 million tokens sold. The ELX token is sold for only $0.06, giving smart investors the opportunity to accumulate the DeFi coin without breaking the bank. Given the strong utility in the DEX and ecosystem, analysts think it will outshine the likes of Solana in 2025, making it the best crypto to buy now.
Despite market uncertainties, Solana and Toncoin are top altcoins worth investing in Q1. Both blockchains are witnessing massive growth, which will lead to more demand for the tokens. The launching of Elluminex in the TON network is likely to trigger more adoption, similar to what Jupiter did when it was launched on Solana. Adding to the advanced trading features, the ELX price is expected to surge by as high as 1000% before the end of the presale and give a high yield on the listing.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
