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HomePress releaseLookonchain Data Reveals Notable Ethereum ETFs Inflows, Missed Out On Cardano? Check...

Lookonchain Data Reveals Notable Ethereum ETFs Inflows, Missed Out On Cardano? Check Out Elluminex

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On January 22, 2025, Lookonchain revealed a notable inflow into Ethereum and Bitcoin ETFs, highlighting the increasing interest in cryptos backed by financial instruments. This data points to robust investor activity across both assets, with BalckRock’s iShares ETFs leading the market. Cardano also achieved a significant milestone with a daily active address surge to 50,828 on January 20, 2025. The surge marked a rise in network activity.

Meanwhile, Cardano’s price has stabilized around the $0.99 level, reflecting its resilience amid market fluctuations. Despite being on the fast-growing blockchain with connections to Telegram’s over 950M active users, Toncoin’s DeFi market is still underperforming. However, Elluminex (ELX) is on a mission to change this with its revolutionary DeFi platform. The project is still in the presale stage, where the ELX token is selling at just $0.06.

Ethereum Witness Significant Net Inflows

The Ethereum ETFs demonstrated even greater activity, with a total net inflow of 18,108 ETH, equivalent to $59.59M, over the past day. This has raised the total ETH holdings across nine ETFs to 3,634,963 ETH, valued at around $11.98B. Other notable Ethereum ETFs included the Fidelity ETH fund, which recorded a daily inflow of 1,000 ETH, boosting its total holdings to 430,041 ETH.

The surge of net inflows for Ethereum ETFs on January 22 suggests heightened investor interest. This has also seen the Ethereum price record impressive price movement as it moves closer to the $3,500 region for the first time since December 19, 2024. Ethereum’s price has also surged past the 50-day EMA level on the daily chart after breaking below the indicator last week.

From a technical approach, Ethereum is forming a bullish ascending triangle pattern on the 4-hour chart as it seeks to break above the key resistance level of $3,500. However, the ETH token must establish a bullish breakout above the 50-day SMA level of $3,504.

Cardano Daily Active Users Hits The Over 50K Milestone

Crypto analyst Ali Martinez’s data highlights consistent Cardano’s blockchain usage growth. ADA’s daily active addresses increased throughout January to hit new highs, keeping the price of ADA steady between $0.99 and $1.07.

The correlation between network activity and price movement was evident as a surge in daily addresses led to the Cardano price rally. Moreover, the sustained price level indicates strong support from institutional and retail players, with Cardano’s ability to hold ground underscoring the confidence in ADA’s ecosystem.

However, a break above the $1.10 resistance level could signal an uptrend momentum, with a close target of $1.50. Backed by over 50K active users and technical indicators, ADA is on the right path to record significant bullish momentum in 2025.

Elluminex (ELX); The Bridge Between Ton And The DeFi Market

Elluminex is quickly setting itself apart as one of the pioneering projects that will harness the unique capabilities of the TON blockchain, which is widely recognized as the fastest-growing Layer-1 blockchain in 2024. The project aims to tackle some common drawbacks in old-guard DEXs like Uniswap, including the lack of interoperability between blockchains. This drawback has already resulted in many issues that compromise users’ experience.

To resolve these issues, Elluminex introduces a cross-chain bridging solution on the TON network that will allow quick yet affordable transactions across isolated blockchains. This will position Elluminex as a comprehensive decentralized exchange that can aggregate liquidity from different sources. Moreover, by addressing the inefficiencies of a single-chain system, Elluminex will minimize slippage and delays, ensuring users can seamlessly capitalize on the latest trends without extra charges.

Elluminex has also eliminated KYC checks, allowing users to maintain anonymity while using the exchange. These features have already seen the Elluminex ecosystem, which is underpinned by its native token ELX, gain significant momentum, with a stage one price of just $0.06. Given its unique capabilities, it is only a matter of time before the price of ELX surges, with the next target being the $0.08 level.

Why Ellumines Stands Out In 2025

Ethereum’s price could benefit from the recent surge in net inflows as it seeks to break past the $3,500 level. Cardano is also set to record significant gains with increasing adoption, as evidenced by over 50K daily active addresses. Similarly, Elluminex can record impressive gains in 2025, backed by its educational academy for DeFi literacy, which allows users to navigate the DeFi landscape, leading to more adoption.

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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