Will Shiba Inu Price Bounce Back? New Coin Elluminex Won’t Have You Second Guessing
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/Elluminex/ – In the current crypto landscape, the next big winner is still flying under the radar. Heading into 2025, Shiba Inu still has plenty of room for growth, however, a new, low-cap gem could surpass it by far, mimicking its legendary 2021 run. Let’s talk about Elluminex and why it could be one of the hottest plays of the bull run.
Elluminex: Pioneering DeFi On The TON Blockchain
Elluminex is a soon-to-be-launched revolutionary DeFi platform that will unlock the full potential of one of the fastest-growing blockchains on the market — Toncoin. Despite being a multi-billion Layer 1 powerhouse, Toncoin still hasn’t yet asserted itself in the DeFi space, leaving on the table significant amounts of profit. Elluminex seeks to remedy this as it provides a 360-degree DeFi protocol capable of bringing to Toncoin the same level of success that Uniswap brought to Ethereum.
Elluminex has an ace up its sleeve. Although Toncoin is its base of operations, this protocol is built with cross-chain interoperability in mind. This means that Elluminex will be the last decentralized exchange that users will ever need, as it addresses holistically all inefficiencies of first-gen DEXs. Elluminex users will not incur issues of liquidity, long waiting times, or high slippage. They won’t even have to switch between different protocols when trading across multiple blockchains.
Moreover, Elluminex will provide a safe and intermediary-free trading environment. No KYC verification will be required to join, and individuals will have complete control over their assets. This effectively reduces the risks associated with relying on centralized entities for the custody of funds.
The $ELX utility token will play a crucial role in the inner workings of the Elluminex ecosystem, as it will power features like staking and governance. During the presale event, early buyers will be able to scoop up $ELX tokens at discounted prices and front-run the inevitable surges that will occur once the token is listed on major exchanges.
Bookmark Elluminex’s socials and website to stay ahead of the curve. The presale will kick off very soon!
Shiba Inu Faces Resistance But Is A Breakout Incoming?
Shiba Inu appears to be gearing up for an explosive end of the year, as consolidation continues and whales are taking position. Large transactions have skyrocketed by a massive 258% over the last day according to IntoTheBlock on-chain data, with whales moving around over 6.4 trillion of SHIB tokens worth approximately $175 million.
At the time of writing, Shiba Inu trades at $0.000025, following a 5% decline, and has been moving in a narrow channel around this price point after a rejection at $0.000033, which marked the local peak.
At the same time, the Shiba Inu ecosystem is seeing a notable increase in activity, with the Layer 2 platform Shibarium recording a staggering 600 million in transactions with over 2 million unique addresses. Moreover, Shibburn, Shiba Inu’s burn mechanism is firing on all cylinders, with over 200 million SHIB tokens torched over the last week.
Elluminex Could Outperform SHIB In 2025
While Shiba Inu still has a lot of fuel left in the tank for the next moon mission, Elluminex could take everyone by surprise in 2025, with its unique approach to DeFi that could redefine the entire space.
When taking into account all that Elluminex has to offer and its significantly smaller market cap, it could be the next gem in line. Don’t miss out!
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