Pepe’s recent rally provided tremendous profits, but now the price action has turned bearish, and it is time to look for the next opportunity. The rising DeFi project Elluminex (ELX) is catching the spotlight for its real-world utility and serious mission of revolutionizing the DeFi sector.
Let’s understand why Elluminex deserves a spot in the list of the must-buy tokens for 2025.
Pepe Plunges Due To Enormous Bearish Pressure
After months of sideways price action, Pepe had a massive rally last month, during which the price surged over 200% within 10 days. The price moved with enormous upward momentum, yet when Pepe reached the $0.000025 price level, it faced significant rejection, leading to the end of the price surge.
Due to reduced demand, Pepe entered a sideways price action between $0.000017350 and $0.000023. After three weeks of consolidation, Pepe broke out of this range-bound price action and reached the latest All-Time High (ATH) at $0.00002825. The price again consolidated between $0.000023 and $0.0000255 but fell below this range this Tuesday.
Pepe is 42% below the ATH, has moved below the 50-day SMA, and is dropping to the 100-day SMA. Pepe has moved -12.17% in the last 24 hours and trades at $0.00001639. The trading volume has also increased, indicating the bears are taking the price lower, and the decline is gaining momentum.
Elluminex (ELX): A DeFi Giant In The Making
Unlike Pepe, a meme coin with limited utility, Elluminex is an emerging project that aims to become the next DeFi leader by providing users with a practical ecosystem with real-world use cases.
Elluminex wants to reshape the decentralized economy by becoming the first comprehensive DeFi hub on the TON blockchain. The DeFi market has grown steadily over the last few years as many people have joined it, but many issues deter newcomers from participating and adopting decentralization.
Investors face many challenges, including fragmented liquidity, high transaction costs, a learning curve due to complex concepts and non-user-friendly interfaces, and limited access to early-stage investment opportunities. Moreover, existing platforms lack many features, so investors need to traverse between multiple applications and platforms, leading to errors and security risks.
Elluminex plans to address all these issues by introducing an all-in-one DeFi platform on the TON blockchain. It will leverage TON’s efficient architecture, unmatched scalability, and unparalleled transfer speeds to solve all the issues and provide an efficient and secure environment.
A Next Generation DeFi Platform
The platform will be a one-stop solution for all things DeFi and allow users to trade, farm, stake, bridge, and track portfolio performance. Its notable components include a robust DEX (Decentralized Exchange), a learning academy, a portfolio tracker, staking, and farming mechanisms.
The Elluminex Academy will help bridge the knowledge gap in DeFi by providing learning resources and tutorials that help newcomers understand all the essential Web3 concepts and the platform’s workings. Thus, beginners can adapt quickly and transition smoothly to DeFi.
The Elluminex DEX will ensure users get lightning-fast transfer speeds for minimal fees and offer high liquidity and low slippage on all asset transfers. Its user-friendly design will allow easy access to advanced trading features such as limit orders and LP trading. Thus, users can efficiently trade assets in a non-custodial environment.
Furthermore, the platform will be integrated with the cross-chain bridge, enabling seamless asset transfers across different blockchains to enhance interoperability. Thus, users will be exposed to diverse trading opportunities and efficiently manage their assets from various blockchains under the Elluminex interface.
An AI-powered portfolio tracker will provide users with performance analytics, real-time data, and market insights. It will allow users to monitor their portfolios, track the performance of their holdings, and make data-driven decisions.
The presale for the native token ELX will be announced soon. It offers an incredible opportunity to early investors since the project will tap into TON’s capabilities and unleash DeFi’s full potential to capture the growing market.
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
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
