Solana (SOL) is currently anticipated as one of the few altcoins to tally with Bitcoin’s rise. As some investors are closely watching its trajectory to see how far it will go in 2025, others are eyeing other top options.
Amid the Solana price positivity, Toncoin (TON) is also stealing attention not just because of its network growth and large user base but also because its blockchain is launching a new DeFi protocol called Elluminex. Aside from Solana, Toncoin and the new Elluminex (ELX) are also primed for parabolic runs for 2025.
Solana Price Positivity Rises As Whale Speculators Forecast Bullish Figures
From its November rise, it is clear that Solana (SOL) is ready to pick up pace again when the bull market continues. In the past month, the price of Solana crossed $263, reaching a new peak price. This marked a significant jump from its $129 to $189 range in Q3 of this year.
However, Solana has now dropped by over 32.4% below its all-time high, as its price hovers in the weekly range of $227 and $181. Currently below the $190 crucial resistance, The Solana token is still experiencing a consolidation, however, its price positivity for the year ahead is still high compared to other top altcoins.
Moreover, a large-scale investment company, BitWise, recently predicted that the native SOL token is most likely going to hit $750 in 2025. This has sparked further bullish sentiment concerning the price of Solana, leaving many to keep holding the token, in wait for next year’s bull market.
Toncoin Teases Above $7 Resistance, Further Surge Might Take It To ATH
After hitting an all-time high of $8.25 in the past 6 months, Toncoin (TON) price has struggled to reach this level. However, as the bull market kicked in, Toncoin rose above a lower level of $6.55 to hit $7.01 at the start of the month. Although the price of TON has consolidated below this mark, it shows that there is potential for further upsurge.
The current price of Toncoin has been on a weekly run between $6.42 and 5.05 while showing a roughly 40% drop below its all-time high. According to an X analyst, the TON coin can potentially resurge to $5.5 support again and further eat a next target of $8.28 in this bull market.
Besides, TON coin still has a lot of growth potential ahead of it, due to its activity rate and interoperability with Telegram. A pro Trader, Natalie Dormer, particularly hinted that the Toncoin price could reach an ultimate price of at least $7.23 in Q1, 2025.
Elluminex Positions Itself As The Best DeFi Development On The TON Blockchain
Elluminex (ELX) is now the most anticipated presale coin on the TON blockchain, and it is also set to dominate the Defi market. This new platform takes the DeFi approach on the TON blockchain to the next level by offering a multi-chain decentralized exchange (DEX) where users can perform smooth cross-chain swaps while keeping transaction costs low. In addition to this, all crypto trades are executed with minimal slippage.
This, combined with its user-friendly interface and innovative features makes it a worthwhile project to bank on. Meanwhile, Elluminex also addresses DeFi-related issues including liquidity fragmentation, complicated trading processes, complex interoperability, and high or hidden fees. Another feature that adds to its advantage compared to other DEX platforms is its exclusive early access to new TON tokens. This automatically allows investors to get in on promising projects before they hit the broader DeFi market.
Elluminex also makes it easy for inexperienced users as well as seasoned investors, by integrating a ‘Portfolio Tracker’. This tracker works as an asset management tool and a market news update feature. Elluminex will be tapping into the massive growth potential of the TON blockchain whose network houses over 950 million users. Surely, with profound DeFi incentives which also include a staking and farming model, a token burn mechanism, and an educational hub, is poised to bring about a bullish rise.
Can Elluminex Overtake Solana And Dominate The DEX Market?
Elluminex has strong potential to dominate the DEX market, thanks to its innovative features which rivals top cross-bridge protocols like Uniswap and PancakeSwap. Its early access to TON tokens, and seamless user experience designed for the growing TON blockchain ecosystem also serve as a perfect catalyst, thereby positioning it as a major challenger to top altcoins like Solana.
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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