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HomePress releaseEthereum And Uniswap Had Their Transformative Runs In 2021, Its Elluminex's Turn...

Ethereum And Uniswap Had Their Transformative Runs In 2021, Its Elluminex’s Turn In 2025

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Ethereum’s price surged past $4000, reigniting bullish sentiment among analysts and traders. This impressive uptick follows Bitcoin’s sharp surge beyond $107K, revitalizing market sentiment. However, despite its recent dip below the $4,000 region, experts still believe ETH’s price movement could lead to a new ATH by early 2025 attributed to ETH-based DeFi projects.

Similarly, Toncoin (TON) has garnered attention from crypto enthusiasts following a significant rally in price and Open Interest. However, this positive trend has been tempered by the declining network activity on DEXs, leading to a weekly dip of over 7%. However, Elluminex’s ambition to bring DeFi to the TON blockchain, which is relatively untapped, could immediately transform the chain, taking its capabilities and massive reach to the next level.

Elluminex: The All-In-One DeFi Hub On The Toncoin Blockchain

The rise in DeFi platforms indicates a growing demand for decentralized financial solutions offering security and transparency. Like Ethereum-based DeFi projects, Elluminex will leverage the TON network capabilities and provide users with a fast, secure, and scalable environment for DeFi activities. Its unique cross-chain bridge will also enhance liquidity across various blockchains, opening up trading opportunities.

This will be achieved by connecting isolated blockchains to offer a high level of liquidity that will be hard for other platforms to match, thereby providing a wide range of lucrative opportunities for its users. While Elluminex mainly caters to users within the Toncoin network by offering access to a wide array of crypto assets with deep liquidity, it also provides a platform where users will trade seamlessly with higher profitability chances and no slippage.

Apart from being a trading platform, Elluminex is also an educational platform. The Elluminex DeFi academy aims to eliminate DeFi illiteracy and help users understand the unique opportunities and risks associated with the market. These features, backed by its token burn mechanism, serve as a better catalyst for the potential growth of the ELX token.

Ethereum Price Analysis: Will Another Rally Past The $4,000 Region Lead To A New ATH?

Ethereum’s current market setup suggests it could be carving out its narrative within the crypto market. Much of its newfound independence can be attributed to the launch of spot ETH ETFs, which gained traction following the U.S. election results. Institutional demand driving Ethereum’s ETFs has been significant, with crypto whales leading the wave.

According to Santiment data, whales holding 100K ETH control a significant 57.35% of the total supply—a level that was last seen in 2017. The shift in holdings underscores Ethereum’s long-term bullish signal. A rise above Ethereum’s resistance levels of $4,068 could, therefore, push the ETH token into the final resistance levels of between $4,800 and $4,900. This will also pave the way for a potential retest of its ATH.

Market analysts are also aligning their Ethereum price predictions with this optimistic scenario. SmileyCapital suggests that $4,000 is the cheapest ETH price traders will see for the long term. His prediction also hints at Ethereum overtaking Bitcoin in market performance. Similarly, trader McKenna pointed out the growing institutional narrative and FOMO surrounding Ethereum spot ETFs, predicting a massive surge in interest within Q1 of 2025.

Toncoin’s Mixed Outlook: Will TON Regain A bullish Outlook?

One main concern for Toncoin is the decline in network activity – according to CryptoQuant, engagement on DEX platforms associated with Toncoin, like PixelSwap, DeDust, and Stone.FI has dipped. The number of liquidity and swaps available on these DEXs are vital indicators of user participation and trading volume.

The fluctuation of TON’s price from a range of $7.10 and $5.20 has likely contributed to the decline in interest among liquidity providers and traders. This pullback in activity might also hinder ongoing recovery efforts, as lower trading volume leads to reduced liquidity and greater price vulnerability.

However, Toncoin’s Open Interest recorded an over 2.77% rise on December 17, reaching $214.07M. An increase in OI signals greater confidence among traders in predicting Toncoin’s price movement, whether upward or downward. Despite a downturn in DEX activity, this growing confidence indicates that traders are actively engaging with the TON token and its potential future price performance, which might help the token regain its bullish momentum.

Will Elluminex Match Ethereum’s Price Performance?

Despite Ethereum being one of the best crypto within the market, Elluminex is set to mirror its price performance in the coming years. This will be achieved through its mission to revolutionize the DeFi landscape, offering unparalleled security, speed, and scalability on the TON blockchain while bringing DeFi to a network boasting over 950M active users. Such a move is set to push the ELX token value higher.

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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Ralf
Ralf
Ralf Klein is a computer engineer specializing in database technology, and as such, he was immediately fascinated by the possibilities of blockchain when he first heard about it, especially since this distributed, tamper-proof technology can be the foundation for much more than just cryptocurrencies. At ETHNews, he translates the articles of his English-speaking colleagues for the German readers. Business Email: [email protected] Phone: +49 160 92211628
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