The Crypto Market Sees Significant Bullish Momentum, with Stellar (XLM) and Sui Among the Most Promising

The crypto markets are seeing significant bullish momentum, with several tokens posting major gains. Notably, Stellar (XLM) And Sui are among the most promising

Crypto markets are seeing bullish momentum, with several tokens posting major gains. Notably, Stellar (XLM) and Sui are among the most promising, thanks to their deep tech potential.

Currently, traders are paying close attention to their moves. However, another token has just emerged into the spotlight. Elluminex is gaining viral attention for its focus on the TON ecosystem.

Stellar Ready To Take On Ripple

Cross-border payments are among the most important use cases for crypto. During the start of this cycle, this use case propelled Ripple (XRP) to the third spot among all crypto assets. Now, Stellar (XLM) could be next in line for major gains.

Stellar was also a major beneficiary of the latest bull run. Notably, businesses are taking crypto for cross-border payments more seriously. Back in December, Stellar reached a multi-year high at $0.6342, before a steep correction. Currently, it has stabilized at $0.4036.

Stellar saw several major partnerships last year, mostly aimed at user-friendly features. For instance, the network joined the Mastercard Crypto Credential ecosystem. Notably, this verification enables Stellar to process transactions by using only a user’s email. This is key when it comes to use cases such as remittances.

What is more, Stellar also partnered with Paxos, a leading digital platform for stablecoins. This partnership will help Stellar offer stablecoin transfers to its users, making cross-border payments easier. Thanks to these developments, traders believe that Stellar may take on Ripple.

Sui Prepares For 2025 With Major Improvements

Developed by former Meta employees, Sui is currently among the most technologically advanced chains. It is starting 2025 both on a fresh bull run and a host of new upgrades that are getting traders excited.

Notably, Sui already introduced Mysticeti V2, its upgraded consensus mechanism that will make transactions faster. By minimizing validator communication, the upgrade makes the whole network more scalable.

To boost decentralization, its Remora upgrade enables validators to distribute their work across multiple devices. This will make validators more efficient, and help scale the network. Moreover, Sui is also integrating zero-knowledge proofs. This feature will boost privacy, and enable secure and confidential transactions.

Sui is also gearing up to launch the Walrus platform, a key innovation in blockchain storage. Notably, it will enable decentralized applications to store large files, including art, AI models, and more. This programmable and scalable storage will open up new use cases for the chain.

Elluminex Set To Overhaul TON Blockchain

While both SUI and Stellar are set for major developments, one token could take the spotlight. Elluminex (ELX) is a DeFi project that has recently gone viral due to its potential to overhaul the TON ecosystem.

Telegram’s TON blockchain was one of the fastest-growing chains last year. However, its DeFi ecosystem is still relatively small and is notably lacking in liquidity. Elluminex aims to solve this issue by bridging TON with over 40 major blockchain networks.

By enabling cross-chain swaps, Elluminex will significantly reduce slippage on its platform. This is key, as it makes trading more profitable, which will bring in traders to TON’s blockchain. At the same time, Elluminex also offers a range of advanced features, including its AI-powered Portfolio Tracker.

Using AI will enable Elluminex to offer real-time insights for traders that are specifically catered to their portfolios. This way, Elluminex levels the playing field for new market players, helping them compete with other traders.

Thanks to these features, the platform has the potential to take the spotlight from major players like SUI and Stellar.

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