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A few days before his inauguration, Trump announced the launch of his meme coin TRUMP through a post on his Truth Social account, urging meme coin enthusiasts to join his community.
Since Donald Trump made campaign promises to reduce regulatory pressures on cryptocurrencies by improving the legal framework and promoting decentralization, the crypto market is prepared to thrive in 2025.
With the overall market sentiment turning bullish, a new promising project, Elluminex (ELX), which aims to revolutionize decentralized finance, offers stakeholders a chance to capitalize on its explosive growth potential.
TRUMP launched on 17 January 2025 with an initial value of $0.18. After Trump’s post, traders flocked to acquire the meme coin in masses, driving its demand and price higher. TRUMP soared to $75.35 by 19 January, surging over 41,761% within a few days. The total market cap of this token now stands at $5.57 billion.
However, this was the peak of the meme coin, as its value has been dropping for the last six days. TRUMP has plunged significantly; at press time, it is over 63.4% below its All-Time High (ATH), trading at $27.64. In the previous 24 hours, the price has dropped by over 16.87%, and the daily trading volume has decreased by 6.55%.
Many early holders have made tremendous profits with TRUMP, including the Barstool Sports founder, Dave Portnoy, who invested $500,000 in fear of missing out on the opportunity and made a profit of $1 million within a day. Those who missed this quick ROI have another chance at similar gains with the Elluminex (ELX) token presale.
Elluminex is an emerging project that aims to provide an ecosystem that offers practical use cases and solves real-world problems. Elluminex is revamping the decentralized economy by developing the first comprehensive DeFi hub on TON, the fastest-growing blockchain with over 950 million active users.
The DeFi market has undergone numerous changes over the last few years and has evolved significantly. However, the industry’s growth is hindered by its many challenges, discouraging newcomers from adopting decentralization.
DeFi users face many issues that affect user experience and efficiency, including fragmented liquidity, high transaction fees, complicated interface designs, and limited access to early-stage investment opportunities.
Moreover, none of the existing DeFi platforms provide all the essential DeFi features. Hence, investors often have to navigate multiple applications and platforms when managing their assets, making them prone to errors and increasing security risks.
Elluminex is addressing all these issues with its all-encompassing DeFi platform. It will leverage the TON blockchain’s efficient infrastructure, unparalleled scalability, and lightning-fast transfer speeds of 100,000 TPS to develop an efficient and secure environment.
Elluminex will be a one-stop solution for all DeFi needs, allowing users to trade, stake, farm, bridge, and track portfolios under a single platform. The ecosystem comprises a DEX (Decentralized Exchange), a learning academy, and a portfolio tracker.
The Elluminex Academy is a notable inclusion that will help reduce the DeFi knowledge gap by providing users with valuable learning materials and tutorials. Using these, newcomers can learn all the vital Web3 concepts and, thus, can quickly adapt to the platform and begin their DeFi journey.
At the heart of the ecosystem, the Elluminex DEX is a robust exchange integrated with a cross-chain bridge. It allows users to swap their assets across different blockchains. Users can connect to their TON wallets and access advanced trading features such as LP trading and limit orders.
Moreover, Elluminex is incorporating an AI-powered portfolio tracker, which experienced traders can use to analyze portfolio performance and access real-time on-chain metrics and market insights to improve their trading strategies.
The platform’s native token, ELX, is crucial for performing transactions and accessing advanced features. In stage one of the token presale, it is available for $0.06 per token and will soon surge to $0.08 in the next stage. This presale offers an excellent opportunity to make quick profits and can provide identical returns to the newly launched TRUMP meme coin.
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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.
