Javon Marks Tip $2 Target For DOGE, SHIB Continues Consolidating As Elluminex Soars

Seeing the revitalization in the meme coin space in the past few weeks following the commencement of Trump’s crypto administration, it's rather safe to say that meme coins are here to stay after all. Although there has been a shift in focus from legacy meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) to more trending ones, there is still an increasing sensationalization across the board.

Meanwhile, there is even more in store for meme coin enthusiasts as a new DeFi hub– Elluminex (ELX) is set to usher in a new era of meme coins particularly on the TON blockchain. Doubling as a cross-chain bridge solution, Elluminex will provide the necessary cross-chain infrastructure for prospective projects to thrive on the TON blockchain.

Elluminex’s Versatility As A DeFi Hub Attracts Growing Interest

The best part of the Elluminex (ELX) project is its versatility. Compared to Uniswap of Ethereum, and PancakeSwap of Binance Smart Chain (BSC) both of which are also offering similar cross-chain solutions, Elluminex stands out because of its dual role as both a DeFi Hub and a cross-bridge solution. As such, it combines the tokenomics of its native $ELX token, AI-driven insights, and proprietary premarket features to revolutionize asset management and trading as a whole.

Specifically, the Elluminex DeFI hub houses various tools including a comprehensive DEX protocol, an AI-powered portfolio tracker that streamlines the overall DeFi experience for both new and experienced users, and an advanced staking and farming mechanism.  These, coupled with its cross-chain liquidity solutions for TON-based projects set it apart from its traditional counterparts.

Another interesting part of Ellumminex is its proprietary premarket feature which essentially offers users early access to TON projects before they go public. Not only does this offer a level playing field for all users, but it also offers them the best opportunity to become profitable. Given its positive outlook and unrealized potential, the native $ELX token holds a massive potential to debut as the next bullish token, which explains the rush from market players to secure the token now that it sells for just $0.06.

Dogecoin Price Regains Bullish Momentum, Eyes $2 Price Mark

After suffering a major dip due to the broader market downturn, the price of Dogecoin (DOGE) has made quite a strong recovery from its recent visit to a monthly low of $0.301. Now trading above 0.333, DOGE price has regained bullish momentum, although yet to break out of the $0.340 weekly resistance.

While the recent retracement marks another retest of its support level for the third time in the past month, popular crypto analyst Javon Marks reinforced his bullish stance for the top meme coin. In a recent X post, Javon claimed that DOGE price still looks well on track for another great bullish performance and history suggests that another nearly +600% run to and above $2.28 could be in sight.

Although Javon’s bold claim may hold some truth, the DOGE token’s technical analysis suggests a neutral position for the DOGE price trajectory with only the long-term 100 and 200-day EMAs and SMAs signaling a strong buy for the top meme coin. This ultimately implies that the DOGE token may be prepared for a breakout after the consolidation phase.

Shiba Inu Price Trajectory At Risk Of Extended Consolidation

Similar to Dogecoin, Shiba Inu (SHIIB) has also made some impressive recovery following the recent market downturn. However, SHIB's price is still far from a full recovery with over 15% decline in the past month.  Currently trading within a weekly price range of $0.000020 and $0.000019, SHIB's price still reflects over 5% decline in the past week, where it has been held below the crucial resistance level.

Although the Shiba Inu token still maintains a generally bullish outlook with over 100% increase in the past year, failure to break out of the current resistance level could result in an extended consolidation phase at best or further decline to lower regions below $0.000015 where its next support lies.

Meanwhile, looking closely at its technical analysis, SHIB Moving averages including 20, 200, and 300 SMAs and EMAs indicate a strong sell which implies that the current consolidation may extend for a while before any major breakout could hold.

Can Elluminex Foster More Profitable Memecoins Than SHIB And DOGE? 

One of Elluminex's key roles on the TON blockchain is to provide cross-chain infrastructure for emerging and prospective crypto projects. This initiative is expected to foster the launch of new meme coins, and there’s a strong possibility that the meme coin market could soon see a billion-dollar contender emerging from the TON ecosystem, ultimately challenging the dominance of top meme coins like Shiba Inu and Dogecoin.

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