Cardano Price Predictions Indicate $2 ADA In 60 Days, This New Altcoin Could Outshine In That Period

The latest technical analysis for Cardano (ADA) is in, and specialists agree that the elusive $2 milestone could be reached fairly soon. Meanwhile, Elluminex is poised for significantly greater returns as it leverages one of the fastest-growing Layer 1 platforms in the crypto space — Toncoin. Let’s dive deeper and discover why Elluminex bears all the hallmarks of a breakout gem in the making.

Elluminex The First DeFi Powerhouse On TON

Elluminex is emerging as a game-changing DEX built on the Toncoin blockchain. As the first-ever dedicated DeFi solution for Toncoin, Elluminex is poised to tap into Telegram’s 950-million-strong user base, unlocking the full potential of the TON network. Through its revolutionary platform, Elluminex challenges the supremacy of established DEXs like Uniswap or PancakeSwap, which are limited by their single-chain framework.

Through Elluminex’s cutting-edge cross-chain system, users can seamlessly swap assets across major blockchains, benefiting from near-zero slippage and lower fees. This greater interoperability addresses one of the biggest pain points in DeFi and positions Elluminex as a leader in this rapidly expanding market, which according to Forbes could be valued at $450 billion in 2030.

Elluminex ensures a transparent and safe trading environment while allowing users to capitalize efficiently on the latest trends. Traders are not required to fill out KYC forms, and the non-custodial model removes middlemen from the equation allowing users to retain full sovereignty over their assets. 

The Elluminex ecosystem is powered by the $ELX utility token, which grants access to governance, staking rewards of up to 18% APY. Furthermore, users will be able to access an over-the-counter platform, where they will be able to purchase new TON-based projects before they are released to the public. This model not only makes $ELX an incredible investment opportunity, but the additional perks could soon turn it into an irreplaceable staple in any future-proof portfolio. 

Cardano Slips Below $1, But Enthusiasts Are Still Bullish 

Cardano is consolidating under the $1 resistance level after a 13% weekly drop from the $1.15 level amid increased selling pressure. A breakout above $1.02 could indicate the start of a short-term uptrend, possibly targeting a reclaim of the $1.13 psychological resistance. On the 4-hour chart, the recent breakout from a descending wedge pattern highlights $1.3 as a key pivot point, with seller pressure and bearish RSI divergence signaling caution. 

However, when zooming out on the Cardano chart, its price structure remains intact, and once a rebound is confirmed, Cardano is expected to enter an ascending channel, though this is largely dependent on market conditions. Analyst Pieter Nierop has shared a compelling chart reading that shows that Cardano is moving within a multi-month triangle pattern. A breakout above the upper descending trendline could allow Cardano to enter escape velocity and possibly soar toward the $2 level in the upcoming weeks. 

The Elluminex Presale Soars In January

While Cardano will likely conquer new peaks as the cycle progresses, Elluminex (ELX) could offer a much better ROI with asymmetrical returns, given its significantly smaller market cap and robust fundamentals.

Stage 1 of the $ELX presale has kicked off, and tokens sell for just $0.06. As demand is growing exponentially, $ELX could be next in line for a memorable meteoric rally. Missing out is not an option!

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