Stellar (XLM), which had been largely ignored for the past few years, made a significant impact with a triple-digit surge, enabling it to easily climb the crypto rankings. Stellar reclaimed crucial levels and is now eyeing the $1 milestone as the next big target.
Meanwhile, Elluminex (ELX) is on track to emerge as a significant surprise this year. This newcomer leverages the powerful Toncoin blockchain and provides a comprehensive DeFi platform that could supercharge the TON ecosystem while exploding in value. Here’s why speculators are tipping it as the next high-yield gem.
Enter Elluminex, Toncoin’s DeFi Powerhouse
While Toncoin has been dubbed by gurus as the “fastest-growing Layer 1 blockchain,” it has yet to take the spotlight as all attention has been focused on other major Layer 1s, such as Ethereum, Solana, and Cardano. However, Elluminex (ELX) promises to provide Toncoin with the necessary framework to capture a massive share of the DeFi market and dominate the competition.
Toncoin directly taps into Telegram’s 950 million user base, and Elluminex is poised to monetize this huge audience with its comprehensive DeFi solution. Elluminex integrates all DeFi services into one intuitive and user-friendly platform. The base of operations is its innovative decentralized exchange that seamlessly integrates all major blockchains, including Bitcoin and Ethereum, through its cutting-edge cross-chain framework.
This approach solves at once all interoperability issues typical of older platforms such as Uniswap and PancakeSwap. Moreover, it relieves users from having to constantly switch between protocols to find the best opportunities, ensuring deep liquidity, low slippage, and advanced order types.
The $ELX token powers utility, governance, and engagement in the Elluminex ecosystem. Holders will enjoy a brand-new passive income stream of up to 18% in the form of recurring staking rewards. In addition to this, through Elluminex’s exclusive over-the-counter platform, investors will have access to new TON-based projects before they are available on the general market. This will allow them to secure a token allocation at discounted prices and maximize their returns.
Stellar Unveils New Upgrade
Stellar Network validators have proposed the SLP-0001 upgrade to improve scalability by increasing ledger read and write limits. This Stellar upgrade will allow more complex decentralized applications (DApps) on the Stellar blockchain, such as advanced lending platforms and cross-chain integrations.
At press time, Stellar sells for $0.44, following a 2.6% intraday increase, which slightly offsets its 8% weekly decline. Speculators predict that the launch of the upgrade could trigger a price rally that could push the Stellar price past the $0.50 resistance. This idea also coincides with recent chart readings that see Stellar moving within a falling wedge pattern, as pointed out by crypto trader CW. Stellar is already testing the upper bound of the channel, and a breakout from here could see it enter escape velocity and target $1 in February.
Join The $ELX Presale Before The Next Price Surge
Stage one of the $ELX presale is now live, and early bidders have already claimed over 5 million of the 175 million tokens available, raising more than $300,000 in less than a week. With tokens priced at just $0.06, it’s an ideal starting point for those anticipating an exponential rise in $ELX’s valuation in the coming weeks.
