Often referred to as a ‘hyper-active network’, it’s safe to say that Solana (SOL) has been one of the fastest growing networks. The network’s high speed and scalability have influenced its growth so strongly that it now ranks among the top DeFi projects contending with the likes of Ethereum (ETH).
Although the Ethereum token has more profound progress due to its wide usage for dApps (decentralized apps) and longer trajectory in the altcoin market, Solana has a good potential of taking over. However, smart crypto players are even looking beyond these two as they pour their attention on a fresh potential, called Elluminex (ELX). This new DeFi coin, positioned on the TON blockchain, is presumed to launch its presale soon.
Solana Price Anticipates Parabolic Rise Amid Consolidation
As the bull market kicked off in early November, Solana didn’t lag. The Solana (SOL) token made a bullish rise, taking its price to a new ATH at $263. This signified an impressive 100% surge in a monthly time frame. However, Solana is now consolidating on a weekly price range of $203 and $234, having dropped by 19.7% below its ATH.
Currently, speculators are bullish on the Solana token, with reports from magFOMO saying that analysts are looking at a $750 price target for Solana as the bullish rise continues. Solana’s price seems to be consolidating while waiting to kick off along with Bitcoin again.
As market players closely watch top DeFi projects that are worth holding on to, Solana is ranking as one of the most anticipated for a bullish rise in 2025. However, the token is still down by 13% in the past month and over 8% in the past week.
Ethereum Price Hovers Around $4,000– SpeculatorsThink Its Next Target Is $5,000
The price of Ethereum (ETH) is no slacker in this current bullish market. Although the Ethereum coin has slowly consolidated, the price has progressed gradually in the past month. On November 20, Ethereum’s price traded around $3,000, however, it has completed an 18% jump to date, with its token now holding in a weekly range of $3,930 and $3,670.
However, having briefly traded above $4,000 for the first time in over five months, the Ethereum token is set to still break higher resistance. A top crypto expert, David Hoffman, thinks Ethereum might be able to reach a limit target of $7,000 from a starting target of $5,000.
Additionally, venturefounder, said that $5,349 is an easy target for Ethereum to meet up by Q1, 2025. However, Ethereum is still down by over 5% in the past week, and under a weekly resistance of $3,909.
Elluminex (ELX) Prepare For A Huge Presale Launch As TON’s Best All-In-One DeFi Project
Having gained quite the reputation for its all-in-one cross-chain DeFi platform, Elluminex (ELX) is now gearing up for its highly anticipated presale, which is set to draw much attention from both retail and institutional traders. Meanwhile, Elluminex is off to a good start given its exposure to the massive user base of over 950 million on the TON blockchain. However, its ecosystem features which include convenient cross-chain bridging, advanced trading tools, high liquidity, and AI-powered portfolio tracker stand as foundational strength.
Considering its dedication to high accessibility and user guidance, several market participants are anticipating its upcoming presale as many view it as a rare opportunity to invest in its innovative network while it’s still early. As the DeFi market expands, the TON blockchain’s fast-growing community is poised to influence Elluminex to open a door for massive DeFi valuation. Part of what will influence this is its token’s deflationary model which sets it on a bullish path due to certain scarcity issues, followed by high demand.
As this platform takes full control over solving pressing issues like liquidity fragmentation and high fees, it is bound to rank as a potential-filled DeFi coin poised for unprecedented growth in 2025. Its added perk which includes an exclusive early pre-market access to new TON tokens and an educational hub which is designed to tackle DeFi illiteracy, is also set to add to its growth. Essentially, its growth is set to both increase its dominance among DEX platforms and the value of the TON blockchain.
Is Elluminex Capable Of Outperforming Ethereum Too?
Although it might take a very long time, Elluminex (ELX) may be able to contend with Ethereum if its network adoption and user base continue to grow massively. However, realistically, Ethereum is a strong altcoin mothering many other DeFi platforms, it will have to experience a noticeable lag for Elluminex to beat it.
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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