With reducing regulatory pressure and support from Donald Trump, the crypto market is expected to thrive in 2025. In this bullish environment, as more people adopt DeFi (Decentralized Finance), the altcoins that provide practical use cases and solve real-world problems are poised to be the top performing.
Due to these speculations, demand for Ripple (XRP) has increased recently, and it appears to be resuming the previous uptrend. Meanwhile, Elluminex (ELX), the first DeFi hub project on the TON blockchain, shows the potential for exponential early-stage growth up to a good measure in February 2025.
XRP Encounters Crucial Resistance: Will It Continue To Surge?
The XRP price performed remarkably well, surging by over 400% in the recent rally after it broke out from a critical resistance trendline. Despite the massive momentum, the up-trending price sharply reversed when XRP reached the $2.9 resistance level. Due to this, demand declined, and the price traded in a symmetric triangle pattern for over a month.
On 11 January, XRP moved out of this triangular consolidation with a strong breakout from the upper trendline. Since then, it has gained over 30%. In the last 24 hours, XRP has surged over 3% and trades at $3.16. The XRP price faced a significant pullback from the $3.4 resistance level the previous weekend but has bounced back from the $2.9 price level.
With this recent surge, XRP has moved above its short-term 10-day and 20-day SMAs. The price has come close to its ATH at $3.84, trading only 17.64% below it, and can reach a new ATH if the surge continues with similar demand after this pullback.
Current Challenges And Elluminex’s Vision For The Future Of DeFi
Over the last few years, the DeFi market has undergone considerable changes and evolved significantly. However, the sector’s growth is inhibited by the vast number of issues related to liquidity, high transaction costs, highly complex platform interfaces, and limited exposure to early-stage investment opportunities.
These issues show that DeFi is still far from its full potential. These problems arise from outdated methods and inefficient infrastructure of platforms that provide DeFi services. Thus, to boost growth, the industry needs more innovative projects that will provide solutions to help market participants overcome these challenges in the current decentralized economy.
This is where Elluminex comes into the picture. The project aims to eradicate these challenges by leveraging TON, the fastest-growing blockchain network. The TON blockchain has over 950 million active users and over 1 billion recorded transactions, yet DeFi on TON is still in its infancy, and thus the network has immense untapped potential. Elluminex wants to unleash this potential and serve the world with an efficient and all-encompassing DeFi hub.
Comprehensive Ecosystem Of The Next-Generation DeFi Platform
Elluminex has designed its ecosystem to provide users with all essential DeFi features, allowing them to trade, stake, farm, bridge, and track their portfolios under a single platform.
At the core of the ecosystem, the Elluminex DEX will facilitate peer-to-peer asset swaps with high liquidity, ensuring low slippage. It can be connected with existing TON wallets, allowing users to trade directly from their wallets, thus improving efficiency. It will also offer advanced trending functionalities such as LP trading and limit orders while maintaining a user-friendly interface.
Moreover, the platform will have built-in AI-powered portfolio trackers that generate performance analysis and market insights, which investors can use to make better decisions and develop investment strategies.
The native token, ELX, is crucial to making asset transfers and using advanced platform features. The token presale recently started, and ELX is available to acquire for $0.06 per token in the first stage. The token’s value will increase to $0.08 in the next stage and continue to surge throughout the presale, providing early participants an opportunity to receive good returns.
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
