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Big things are happening in the crypto world, with Donald Trump on the verge of ushering in a new golden age for digital assets. The 47th US President has raised expectations about a strategic national cryptocurrency reserve, which if created, would send shockwaves across the market and propel all majors, including Ethereum (ETH) and Ripple (XRP) to new heights.
Meanwhile, Toncoin could also start rallying again, following two major catalysts — Telegram’s announcement declaring TON coin as the official network currency and the release of Elluminex (ELX). Elluminex is a cross-chain DeFi protocol built on Toncoin that could supercharge its adoption in the upcoming months and drive significant revenue back into the TON ecosystem. Read on to learn everything about this newcomer!
Elluminex Is Revolutionizing The Toncoin Ecosystem
Elluminex emerges as a trailblazer in the DeFi landscape by leveraging the untapped potential of the Toncoin blockchain — one of the fastest-growing Layer 1 platforms in the space. With Toncoin’s framework being closely integrated with Telegram, Elluminex is set to unlock cutting-edge DeFi functionalities for a massive 950-million user base.
Elluminex efficiently addresses one of the biggest challenges that bar the DeFi sector from working at full capacity — liquidity fragmentation. This is caused by the lack of interoperability between disconnected blockchains, which in turn causes a series of other issues such as high slippage and prolonged waiting times. This drastically affects the bottom line of investors and traders, leading to many missed opportunities where timing is crucial.
Elluminex implements a cross-chain bridge that facilitates seamless asset transfers across all major blockchains and creates a unified liquidity pool. It enables users to access diverse blockchain features without having to constantly switch between platforms.
The native $ELX token plays an integral role within the Elluminex ecosystem, supporting functionalities such as staking and governance. Post-presale, users will be able to stake their $ELX tokens to earn up to 18% in recurring rewards, which promotes long-term engagement and network stability.
Ripple Cools Off After Recent Rally
Over the past week, Ripple surged to a multi-year high of $3.38 as speculations started circulating about a potential legal victory in the SEC case. Shortly after, Ripple entered a mini cool-off phase and retraced to $3.17, recording a total of 46% in monthly gains. Market participation has diminished in the last 24 hours, reflecting a 50% drop in trading volume, with about $7.15 billion worth of Ripple traded across exchanges.
However, with growing institutional interest surrounding a potential Ripple ETF, and the creation of a US crypto reserve, analysts believe that XRP is poised to enter escape velocity in the upcoming months. While the reasonable target for Ripple is in the $5 ballpark, more ambitious projections forecast a surge toward $10, which could see Ripple overtaking Ethereum as the second-largest cryptocurrency.
Toncoin Gearing Up For Breakout As Bullish Confluences Line Up
Toncoin (TON) has been envisioned as Telegram’s native blockchain extension since the beginning. However, the messaging app leadership went the extra mile, declaring TON as the only authorized cryptocurrency on the network. This Toncoin-only approach marks a major shift in Telegram’s approach to cryptocurrencies, which previously supported multiple blockchains. Toncoin becoming the sole legal tender in the Telegram ecosystem is expected to simplify and streamline financial services, subscriptions, and advertising payments.
Additionally, Elluminex is also set to play a crucial role in Toncoin’s expansion, strengthening the project’s fundamentals and positioning it for a utility-driven price rally. Right now, Toncoin trades for $5.35, with its price action stabilizing around this level after a retest of support levels below $5.
Join The Elluminex Presale
Stage 1 of the $ELX presale is live and close to $300,000 has already been raised in funds, with market players rushing to secure an allocation. Tokens are selling for just $0.06, and the price is likely the lowest it will ever be, as a 30% increase is expected by the next week. The best time to get involved? Now!
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
English (US) ·