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The long-awaited crypto bull run is finally taking shape, with most cryptocurrencies experiencing significant price surges. However, while Ethereum led the charge in the last bull run, it appears to be losing momentum this time. Instead, traders are turning their attention to Solana, which has gained traction with the launch of the Trump Coin, and Elluminex, an emerging powerhouse poised to revolutionize TON—the fastest-growing crypto ecosystem.
Let’s dive into why these coins are capturing interest and what their future potential might hold.
Ethereum's performance in the current crypto bull season has been somewhat subdued compared to its previous bull run. While it has seen price increases, the DApps leader is yet to hit its ATH of 2021.
The competition is mainly to be ascribed to the emerging layer-1 blockchains like Solana as well as scaling solutions on the Ethereum chain itself. The Ethereum gas fees remain too high; it remains very unattractive to DeFi traders because plenty of cheaper options exist.
Other macroeconomic factors and interest in other crypto sectors might also be causing market players to pay less attention to Ethereum. However, ETH is a strong player because of its ecosystem and development over time.
However, this is the case, but the traders are more interested in looking at alternatives in the form of ETH such as Solana and Elluminex.
Solana has proven to be a leading contender in the cryptocurrency space following its spectacular performance in this bull run. The launch of the Trump coin and the subsequent explosion of politically-themed meme coins on the network has been a major catalyst for this surge.
A CNBC report indicates that SOL has gained a great boost after the release of the meme coin $TRUMP, which is associated with President Donald Trump. On Saturday, January 8, 2025, SOL price surged by 12% to an all-time high of $247.76 after previous surges of more than 23%. On the other hand, Ethereum (ETH) was observed to have declined by more than 6% within the same period.
A political meme coin on Solana that became popular in the wake of the Trump coin added more fuel to the trading volume and network activity. The increased network activity helped draw more attention to Solana and demonstrated its capability to handle a large number of transactions.
While speculating about cryptocurrency pricing is inherently speculative, several factors would suggest more upside potential for SOL. The continued growth of the meme coin narrative and the expanded DeFi ecosystem could attract more users and capital to the Solana network.
On January 20, Solana (SOL) reached a new all-time high of $294.33. CoinCodex analysts project that by December 2025, SOL's price could range from $377.43 to $407.39.
As well; in fact, like with how Trump Coin did it through Solana-the meteoric rise to the head of a marketplace-Elluminex now prepares the TON to claim what belongs to its own, and rightfully so in the cryptocurrency world.
TON is indeed the fastest-growing crypto ecosystem, having attracted millions of users through Telegram mini-games. However, as interest in these mini-games begins to wane, the network must innovate by offering new, rewarding opportunities to keep users engaged. TON risks losing its burgeoning user base to other blockchains without such efforts.
This is where Elluminex comes in. Being a next-generation DeFi platform, Elluminex aims to revolutionize the TON ecosystem by providing its 950 million active users with a seamless, all-in-one DeFi experience.
In addition, Elluminex will provide a suite of services that are set to enable users to trade, earn, bridge, and track assets in a safe and user-friendly way. The site also features an educational academy said to empower the users with the knowledge and confidence so that they may grapple well with the DeFi landscape.
The utility token driving the operations of Elluminex is ELX. With a total supply of 350 million tokens and an impressive 50% reserved for presale, early market participants have a prime opportunity to secure significant returns as the platform grows.
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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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. 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. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
