While the DeFi market is still growing, new players are already entering the market and ready to challenge the incumbents. One of the promising newcomers is Elluminex – a DeFi coin that is going to compete with industry leaders such as Binance Coin (BNB).
As a result of its association with the TON blockchain which has over 950 million active users, Elluminex could be a disruptor in the DeFi market. It seeks to open TON to more users acting as the bridge for new projects. With such a move, the value of ELX could pump fairly, making it a good cryptocurrency to buy. Meanwhile, Ali Martinez forecasts the value of Cardano (ADA) could pump to $1.50 soon.
Binance Coin (BNB) Poised For New Peak
The Binance Coin token could surge to a new all-time high in the coming weeks, according to traders. Crypto King posted a bullish Binance Coin (BNB) prediction, saying the altcoin could cross the $749 mark soon.
However, they noted that this forecast would only hold if there is no market manipulation. Meanwhile, another trader called InvestingHaven says the Binance Coin price might surge to $1300 in the coming weeks.
They told their followers that the altcoin must hold the support of around $540 from now till February 5. Losing the support could invalidate the prediction. In the meantime, the Binance Coin crypto price movements have been sluggish in the past few days.
CoinMarketCap data indicates its price has increased by 0.5% during this period. Based on technical analysis, BNB has an immediate resistance at 50-SMA ($701.90). The relative strength index is currently below the midline which means that bears are in control.
Ali Martinez Forecasts $1.5 For Cardano (ADA)
The Cardano coin has been mirroring the price fluctuations in the crypto market in the last few days. CoinMarketCap price information shows its value has been consolidating between $0.9 and $1.1.
Meanwhile, Santiment data reveals the activity on the Cardano network has skyrocketed. Daily active addresses have been rising to higher highs reaching a peak of 50,828 recently.
Ali Martinez is bullish about the Cardano token. According to him, the price of the altcoin will rise to $1.50 in the coming days. However, it must cross the resistance at $1.10.
He posted a Cardano price chart which showed ADA trading in a symmetrical triangle. A potential breakout might occur in the coming days. Technical indicators like the relative strength index and Stoch RSI (14) favor this uptrend. They reveal that bulls are in control of the market.
Elluminex: The Key To Unlocking TON’s DeFi Potential
The TON blockchain is one of the fastest-growing networks, and with the help of Telegram’s millions of users, it will only grow. However, TON has had a significant problem for DeFi – a lack of a native way to integrate with other blockchains. Elluminex’s cross-chain solutions are destined to turn TON into a DeFi giant, similar to how Uniswap and PancakeSwap changed their industries.
Similarly, as Uniswap opened the floodgates for Ethereum and PancakeSwap did for Binance Smart Chain (BSC), Elluminex will do the same for TON. The launch of Jupiter on Solana led to billion-dollar meme coins such as Dogwhal and Bonk, which led to a liquidity boom in SOL tokens.
TON, which has not experienced this yet, can experience similar growth once Elluminex’s bridge ensures that assets are transferred between chains and creates new projects based on TON meme coins. In addition to contributing to TON’s ecosystem by allowing developers to access the huge liquidity pool across 40 major blockchains, Elluminex also provides traders with numerous entry and exit points.
This increased liquidity and exposure could lead to rapid adoption, creating a future in which TON is the blockchain of choice for DeFi. Elluminex is that missing link that could turn TON into the next Solana. To be part of this revolution, people are joining the Elluminex cryptocurrency ICO and getting the ELX Coin at $0.06.
Can Elluminex Compete With Top DeFi Projects Like Binance Coin (BNB)?
Elluminex is not just a coin with advanced features and a vision of filling the gaps in DeFi; it is a tool that can bring TON’s blockchain to the forefront of decentralized finance. With the growth of DeFi, Elluminex is set to become the go-to solution for users who require high-speed, secure, and inexpensive transactions. Those searching for the next crypto with bullish potential after adoption should look at Elluminex.
For more information about Elluminex visit the links below:
Website: https://elluminex.com
Twitter/X: https://x.com/elluminex
Telegram: https://t.me/Elluminex
