Press release

New Transformative Token Is Set to Top Dogecoin’s 2021 Success in 2025

New Transformative Token Is Set to Top Dogecoin’s 2021 Success in 2025
Photo: Elluminex
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/Elluminex/ – While to some, Dogecoin may seem like just another memecoin, what’s key is that it was the first memecoin. It united both crypto lovers and those new to investing, capturing the hearts and minds of retail traders, and sending it up by about 24,000% in 2021.

Although not a meme coin, Elluminex is another crypto that is bringing a new concept to a new blockchain – it’s a DeFi hub built on Telegram for the TON blockchain. The intention is to make TON more accessible and easy to use. Elluminex is in the very early stages, and given its unique functionality, it could well mirror or even exceed Dogecoin’s 2021 rise.

DOGE’s Secret in Going from Meme to Market Leader

When DOGE soared to $0.7316 in May 2021, people were amazed that the currency, which had begun as a joke, did so well. Many factors contributed to the wide-scale adoption of the project, including the effects of becoming a token beloved by Elon Musk. But another factor was that the whimsical meme with a community focus, was something that people hadn’t experienced before in crypto or traditional finance.

Recently, upon the news of Elon Musk heading up a governmental department of the same name, DOGE climbed up to $0.46, before retracing slightly to its current level of $0.3997.

One reason for the retracement may be linked to the potential node exploit. A fix was released which meant that validators were required to update their nodes.

The DOGE team reminded their community that while many of the nodes have upgraded, some still need to do it, saying “The best time to upgrade your node to 1.14.9 was almost 2 weeks ago when it was released. The second best time is now.”

The DOGE X account also used the chance to reconnect people with an amusing meme, quoting Mark Twain “Rumours of my death have been greatly exaggerated”.

New Transformative Token Is Set to Top Dogecoin's 2021 Success in 2025

Could Elluminex Outpace DOGE’s Record Returns?

Just as Dogecoin introduced a whole new set of traders and market participants to crypto, and made millionaires of many, Elluminex is set to potentially bring millions of messaging and social app Telegram’s 950 million user base to the TON blockchain.

In theory, people don’t need Elluminex to trade on TON. But anyone who has actually interacted with TON will know some of the challenges – a confusing ecosystem, lack of clarity about where to exchange tokens with adequate liquidity, wallets that only support certain tokens and more.

For those who are serious about DeFi, advanced features are currently missing or fragmented. Such as liquidity providing, cross-chain swaps, staking and AI portfolio tracking, and access to a unified place for TON premarket tokens (e.g. tokens like Notcoin when it was first released).

So a multi-chain DEX and bridge with excellent liquidity, an AI-based portfolio tracker, and high staking potentials are some of the main components of the upcoming Elluminex DeFi hub. Essentially, the team’s goal is to make it easy and profitable for users to trade, earn, bridge, and monitor assets within a secure and user-friendly environment.

And for those who need a little assistance, Elluminex is also building a learning academy. This will ensure that everyone who wants to use and make the most of DeFi on the TON blockchain has the skills and knowledge to do so.

Like Dogecoin, Elluminex is the first of its kind, in this case, aiming to shape the future of DeFi on TON. Given that Elluminex is just about to launch the presale, the project offers an opportunity to get in on something huge on the ground floor, making it possible that in this cycle, ELX will rise higher than Dogecoin did in the last bull run.

For more information about Elluminex (ELX) visit the links below:

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