Ripple (XRP) continues to surge undeterred, leading to a market-wide surge. As gurus speculate just how high the Ripple price can go, Toncoin (TON) is also gearing up for a long-awaited breakout that could see it conquer new peaks in the upcoming weeks.
Meanwhile, Elluminex (ELX) could also play a crucial role in Toncoin’s comeback as it presents the first-ever DeFi platform built entirely on the TON blockchain. Read on to learn why Elluminex could be one of the most ground-breaking new entries of 2025.
How Elluminex Is Pioneering DeFi On TON
In 2024 Toncoin emerged as the fastest-growing Layer 1 blockchain in the space, tapping directly into Telegram’s massive 950-million user base. While Toncoin is making waves in the crypto gaming niche, it still lacks a comprehensive DeFi platform that can unlock its full potential. Ethereum’s revenue and adoption increased tenfold once Uniswap went live, the same happened with Binance Smart Chain and Pancake Swap. Now Elluminex (ELX) aims to do the same for Toncoin.
But Elluminex is more than just another decentralized exchange, as it offers a complete ecosystem that leverages a novel cross-chain bridging solution, connecting isolated blockchains. This approach addresses the inefficiencies typical of single-chain DEXs, plagued by long waiting times, high fees, and high slippage caused by fragmented liquidity.
Elluminex allows all major blockchains, including Ethereum and Solana, to seamlessly interface with one another, allowing users to move assets across different chains with zero friction. As liquidity is sourced from a bigger pool, slippage is also reduced significantly.
At the core of the Elluminex ecosystem is the $ELX utility token, which will power essential features like governance and staking. Holders can opt to stake their $ELX and earn up to 18% APY on autopilot. This model not only ensures long-term engagement but combined with the automated burn mechanism, will allow users to benefit from both staking rewards and scarcity-driven gains.
Renowned Specialist Explains Why Ripple Could Surge To $15
Crypto analyst Ali Martinez has shared an intriguing Ripple forecast on X, detailing XRP’s path toward the coveted $15 target. This Ripple rally could be driven by the imminent breakout from a symmetrical triangle pattern on its monthly chart, signaling strong bullish momentum. Since breaking down from its $3.80 all-time high in 2018, Ripple underwent a six-year consolidation phase as it essentially skipped the 2021 bull run. However, with its recent November 2024 breakout reigniting investor optimism, Martinez believes this move has yet to enter a parabolic phase and could propel Ripple’s market cap beyond $860 billion, exceeding Ethereum’s valuation.
Ripple’s legal victory against the SEC and increased adoption of its blockchain solutions for cross-border payments bolster XRP’s utility and institutional appeal. Strategic partnerships, big-player accumulation, and rising trading volumes further support Ripple’s upward trajectory. Right now, Ripple trades for $3.13, following a price contraction after last week’s run toward a multi-year high of $3.40.
Toncoin Accumulation Continues
Toncoin (TON) took the backseat over the last few months as the attention of investors was focused on memes and majors. However, analysts believe that this could change soon, as a series of bullish signals have appeared on the Toncoin chart, reinforced by growing network activity. For starters, Toncoin’s volatility has diminished significantly as its price stabilized around the $5 mark while the RSI indicator sits at a neutral 46 points, suggesting a decline in selling pressure, opening up room for upward motion.
Moreover, Toncoin is in the process of breaching through a descending trendline that acted as a dynamic resistance over the past month. On a higher timeframe, Toncoin is moving within a narrow accumulation channel as big market players continue to buy up TON at discounted prices. IntoTheBlock data shows that the net flow of large wallets has surged by an astonishing 1048% over the last seven days, highlighting strong confidence in TON. Simultaneously, experts agree that once Elluminex enters the mainstream market, it could catalyze a huge Toncoin rally, as it is poised to funnel enormous revenue numbers back into the TON blockchain.
Join The Elluminex Presale
50% of the 350 million $ELX supply is available during the ongoing presale, and early buyers have already claimed nearly 5 million tokens, raising more than $280,000 in just a few days. In phase 1 of the presale event, tokens are selling for just $0.06, making this the perfect entry point for traders who want to join the Toncoin revolution spearheaded by Elluminex. Don’t miss out!
For more information about Elluminex (ELX) visit the links below:Website: https://elluminex.com/Twitter/X: https://x.com/elluminexTelegram: https://t.me/Elluminex
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
