.png){kind=logo}
As the cycle matures, crypto pros are observing a gradual shift from purely speculative assets toward utility-driven projects. Hailing from the meme coin camp, Shiba Inu boasts a hybrid approach, merging meme energy with DeFi aspects, but having already experienced explosive growth over the past few years, the point of diminishing returns has already been reached.
This is why newcomers like Elluminex could offer a much better opportunity for asymmetrical returns while leveraging strong fundamentals and real-world use cases. Read on to discover why Elluminex could outshine Shiba Inu in the upcoming months and find its place in the crypto top 20.
Ethereum has Uniswap, Solana has Raydium, and Toncoin’s potential will soon be unleashed by Elluminex. Though Toncoin taps directly into Telegram’s massive 950 million user base and has already cemented itself in the crypto gaming niche, it still lacks a comprehensive DeFi platform, and this is exactly where Elluminex comes into play.
Elluminex captures the first-mover advantage and delivers a state-of-the-art decentralized exchange that solves at once all of the issues typically found in first-gen DEXs such as Uniswap.
Through its cross-chain bridge, Elluminex allows isolated blockchains to interface with one another and sources liquidity from the different chains, creating an aggregated liquidity pool. This allows for seamless cross-chain transactions while simultaneously, slippage and waiting times are greatly reduced. Elluminex will also provide a dedicated portfolio-tracking app with real-time market insights and analytics. This will allow investors to have a much-needed edge in the increasingly competitive crypto trading space.
The $ELX token grants access to a wide array of features within the Elluminex ecosystem, including staking and governance. Holders will be able to put their $ELX to work and earn an income on autopilot for up to 18% APY. Additionally, $ELX’s deflationary model will continuously reduce the circulating supply, priming the price for sustainable long-term growth.
While the short answer could be summed up with: “not particularly”, it’s worth delving deeper into Shiba Inu’s tokenomics to understand why this is not a realistic expectation and why Elluminex could reach this milestone instead. The Shiba Inu supply is currently capped at 589 trillion, priced at $0.000020 per SHIB token, the Shiba Inu market cap is valued at $11.8 billion. A $1 SHIB would put the market cap at $589 trillion, requiring an enormous increase from the current valuation, which is simply not viable.
However, Shiba Inu has an ace up its sleeve that could allow it to get close to this mark: Shibburn. This is Shiba Inu’s dedicated burn mechanism, which constantly torches a portion of SHIB tokens on every transaction. On a daily basis, Shibburn removed from circulation anywhere between a few hundred thousand and a few million SHIB. However, at this rate, it could take decades before enough Shiba Inu tokens are destroyed for the $1 mark to become an approachable target. Meaning that Elluminex presents a much better option. Here’s why.
Elluminex has a significantly smaller market cap and its supply is capped at 350 million. This means that Elluminex will reach $1 at just $350 million in market cap, which is more than realistic given Elluminex’s powerful utility. With $ELX tokens priced at $0.06, a fair multiplier is necessary for this price point to be reached.
50% of the total supply is up for grabs during the $ELX presale, and early buyers have already claimed over 5 million. With demand growing exponentially, this discount window is about to close very soon, meaning that the best time to start looking into Elluminex is now!
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
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.
