Uniswap and PancakeSwap Rival Elluminex Launches Presale, Set To Transform The TON Network

The rising issues of security, control, transparency, and privacy in traditional financial institutions have led to more adoption of DeFi. Decentralized exchange projects are essential in ensuring seamless DeFi transactions across multiple blockchains. Because of this, DEX native tokens have become highly valuable cryptos that have caught the attention of market watchers. 

This article examines DEX native tokens like PancakeSwap (CAKE), Uniswap (UNI), and Elluminex (ELX), which are leading the charge as top crypto investment alternatives ahead of 2025. The market momentum of these tokens in Q4 provides key insight into how significant the growth potential of the DEX tokens could be.

PancakeSwap (CAKE) Set For Bullish Momentum As $30M Worth Of Token Gets Burned

The PancakeSwap deflationary model approach was on display as about $8.9 million worth of $CAKE tokens recently got burned. This was made known in an X post from the official handle of PancakeSwap, which revealed that $30M worth of $CAKE tokens had been burned.

The deflationary approach of burning tokens is usually carried out to create scarcity of a token and raise its value over time. Results from the token burn are expected to kick in by January. As it stands, over 288 million $CAKE tokens are in circulation, according to CoinMarketCap.

Meanwhile, the PancakeSwap price has experienced bullish momentum in the past few weeks, given that it gained about 65% within the last month. While the token retraced by 8% within the last week, it has maintained support above the $3.1 threshold and is expected to rally in the coming weeks.

Uniswap (UNI) Target Support Above $30 Before Year Ends

So far in Q4, Uniswap’s price trajectory has been bullish, gaining over 121% in value within the quarter, as per CoinMarketCap. Notably, the Uniswap token has surged by over 80% in value in the month-to-date price metric, which sees the popular DeFi coin price hover above the $16 mark.

With the rising adoption of DeFi, the Uni token is expected to surpass the $20 mark this season. Crypto analyst Heaven Guardian collaborates that in a Uniswap price chart analysis on X. 

Based on the tweet, Uniswap's price will target $70 in the short term and $180 in the long term. The last time the token traded above $30 was in August 2021 (over three years ago). 

Meanwhile, the Uniswap token surpassed its year-long price peak of $19 on December 8th.

Technical analysis underscores Uniswap's surging potential. That's because the token's Simple Moving Average (SMA) over the past 30 days is at $14.412, signaling an uptrend. At its current trajectory, Uniswap reaching $30 is feasible.

Elluminex (ELX) Leads Charge For DeFi Revolution On TON Network 

Elluminex (ELX) is introducing the first-ever DeFi hub on the TON blockchain, which will allow users to seamlessly transact across multiple blockchains. Elluminex (ELX) is introducing features on the TON network that are similar to what PancakeSwap did for Binance Smart Chain and Uniswap for Ethereum.

The Elluminex project will empower TON users to easily navigate through multiple blockchains for better liquidity through its cross-chain feature. Also, with Elluminex's advanced AI-powered trading features, users can execute their trades effectively, with helpful insights aiding decision-making.

The staking and farming mechanism ensures that users earn rewards through staking the ELX tokens and providing liquidity to the ecosystem. As part of its mission to boost DeFi participation, Elluminex DeFi protocol is also introducing an academy designed to educate people on the DeFi landscape while bridging the DeFi educational gap in cryptocurrency for the next generation of users.   

That is why the Elluminex native token ELX has emerged as the leading DeFi investment alternative for market participants. The token also harbors a deflationary burn mechanism aimed at stabilizing the Elluminex price. Given the limited 350M total supply, investing in the $ELX presale will position market participants for potential high-end ROIs in 2025.

Best DeFi Project To Invest Between CAKE, UNI And ELX

Since launching on their respective blockchains, PancakeSwap and Uniswap have all witnessed massive growth. Elluminex presents the opportunity to be part of the growth of a similar DeFi solution right from the start. By investing in the $ELX presale, traders are joining a project that is expected to have significant returns.  

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