Bitcoin Aiming $110K, Elluminex (ELX): Next Big DeFi Coin?

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Bitcoin has been steadily climbing its way upwards since it breached the $100,000 mark several weeks ago. Since Donald Trump’s election win, the value of Bitcoin has risen more than 50%. This recent surge has set a new all-time high in the last 24 hours. The strong bullish signs shown by Bitcoin’s Moving Averages and other significant positive indicators suggest that the BTC price might reach $110,000 within just a few days.

In the meantime, Elluminex (ELX) is another notable cryptocurrency that might mirror a similar upward trend. Even though it’s currently in its presale phase, this new DeFi coin is exhibiting indications of market leadership, fueled by its ambition to redefine the TON blockchain. The innovative project aims to tackle issues like high transaction fees, intricate user interfaces, and restricted investment opportunities within the decentralized finance (DeFi) sector.

Bitcoin Price Prediction: BTC Could Hit $500k During This Bull Cycle

Since Trump’s election victory, there has been a significant increase in Bitcoin (BTC) prices. Many cryptocurrency analysts view the current administration as more favorable towards digital currencies compared to the previous one. One such expert, Michael Van De Poppe, predicts that Bitcoin could potentially reach an astounding $500k.

Based on the rainbow chart, Michael thinks that the previous cycle’s peak should have been higher than the current price. If the trend persists as time goes by, the price of Bitcoin could increase significantly without intervention. Another Twitter user, Bitcoin Archive, forecasts that the value of Bitcoin cryptocurrency will exceed $480,000 in 2025.

Based on Bitcoin’s data from CoinMarketCap, its trading volume has soared by approximately 67% to more than $72.96 billion. This surge has pushed the Bitcoin market capitalization to over $2.1 trillion. The value of this popular cryptocurrency has climbed an impressive 151% in Year-to-Date price statistics. If it manages to break through the resistance at $108k, analysts predict that the Bitcoin price could reach $110 by the end of this month.

Elluminex: The Ultimate DeFi Solution For Tracking And Trading Of Digital Assets

Elluminex (ELX) is a distinctive DeFi platform designed to address challenges within the DeFi sector. The TON network, while relatively limited in DeFi options, is rapidly expanding and has the potential to match or even surpass networks like Ethereum and Solana. With the arrival of Elluminex, users gain access to a wider array of possibilities on the TON blockchain.

By integrating DeFi into the TON network through Elluminex, the network’s potential will be significantly increased, much like how Jupiter enhanced Solana’s ecosystem. This development may attract an influx of developers and projects to the chain. Moreover, a DEX platform such as this could provide cross-chain solutions and bridging mechanisms that are essential for these projects to tap into the vast market liquidity.

Observed after Jupiter’s deployment on Solana and PancakeSwap on Binance Chain were benefits akin to those provided by Elluminex. The presence of numerous access points for traders entering and exiting, encourages users to contribute liquidity to projects on these chains, as they find it enticing.

Elluminex intends to enhance the Decentralized Finance (DeFi) journey by incorporating features like a decentralized exchange, staking, farming, cross-chain bridge, portfolio tracker, and pre-market access. This setup is intended to make DeFi more accessible for both beginners and seasoned users. The AI-driven portfolio tracker is created to enable users to monitor data, derive insights, and keep abreast of market trends and conditions.

Since Elluminex only mints 350 million tokens and half of them are earmarked for presale, the scarcity of ELX tokens is imminent, likely leading to an increase in their value. With ambitions to introduce DeFi to a network boasting over 950 million active users, the ELX coin stands a strong chance of becoming the most sought-after DeFi token in the upcoming weeks.

Which Coins Have The Biggest Growth Potential Today?

As a crypto investor, I can attest that Bitcoin hasn’t fallen short of expectations, consistently delivering substantial returns on investment. Although its price is currently around $10,000 less than the projected $110,000, market analysts are optimistic that it will surpass this milestone soon. Similarly, Elluminex, a relatively new player in the crypto market, is mirroring Bitcoin’s trajectory. With its focus on revolutionizing the TON ecosystem, Elluminex stands out as one of the most promising cryptos worth keeping an eye on during this early phase of its development.

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

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2025-01-18 12:11