This Shiba Inu (SHIB) Rival Is Quickly Making A Name For Itself, The Next Pepe Coin (PEPE)?

Shiba Inu proved that meme coins can move from jokes to juggernauts. Now, a new contender is emerging with whispers of becoming "the next big thing." Could this rival steal the spotlight and ride the wave of success like Pepe Coin (PEPE)? With hype building and early adopters buzzing, it's time to look closely at what makes  Elluminex the talk of the crypto town.

SHIB Seeks A 50% Rally

For all the right reasons, SHIB is one of the leaders in the meme coin space. In October 2024, Shiba Inu announced a partnership with Mass Finance to improve its financial infrastructure using AI-driven solutions. This collaboration streamlines operations within the SHIB ecosystem, which may increase its utility and adoption.

Furthermore, SHIB's burn rate increased by 2200% in November 2024, which means that the token supply is being reduced at a very high rate. SHIB has broken through key resistance levels and reclaimed important support areas, which may lead to further upward movement.

Crypto gurus predict that SHIB may increase by 50% and target the $0.0000300 resistance level. 

PEPE Outperforms SHIB

Pepe Coin has become a major force in the crypto space, outperforming Shiba Inu in several metrics at times. For instance, the trading volume for PEPE hit $5.38 billion in November 2024. During the same month, the trading volume for SHIB had reached only $1.40 billion. It also witnessed an increase of 116.21% in monthly prices, which is way ahead of SHIB at 39.93%.

However, the dynamics of the meme coin market have seen the interests of buyers shift. For instance, recently, PEPE holders have been changing to newer meme coins. It is thus an ever-changing scene of meme coins, with new entrants appearing all the time.

Other than the meme coins, there are other projects, such as Elluminex, which focuses on DeFi. They have been gaining shadow popularity with their practical utility and innovative features that surpass SHIB and PEPE.

Elluminex To Compete with SHIB

Although SHIB and PEPE became popular mainly through community-driven hype and meme culture, Elluminex is different because it provides significant utility through its full DeFi services.

Elluminex (ELX) is a new decentralized finance (DeFi) project on the TON blockchain. It plans to tackle main headaches in this niche. What are they?

Firstly, Elluminex enables users to transfer assets across more than 40 blockchain networks, enhancing liquidity and providing access to a broader range of trading opportunities. It features a decentralized exchange (DEX) that offers low slippage.

Secondly, the platform offers an over-the-counter (OTC) feature. This grants users early access to new TON-based projects before officially being listed on exchanges.

The third advantage is that Elluminex has a portfolio tracker that uses AI to monitor assets across the blockchain, allowing users to view live analytics and insights for better investment decisions.

Additionally, ELX is the native utility token of the Elluminex ecosystem, meant for performing various operations, including transaction fees, governance participation, and rewards through staking and farming.

Users can lock their ELX tokens to stake for competitive APYs while participating in yield farming by lending to other projects within the ELX ecosystem.

Furthermore, through tokenomics, the steady ELX growth is determined. This means that ELX has capped a total of 350 million tokens. At least 50% will go into presales, 20% for building up the ecosystems, and then it is equally divided between the other components; that is marketing, liquidity, team, and buyback reserve.

Now the buyers of ELX tokens have much to win with the unfolding of the ELX platform.

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