Elluminex (ELX), Cardano (ADA), and Stellar (XLM) Set For Major Market Moves, Here's Why

Crypto markets have seen significant growth last year, with Bitcoin breaking the $100,0 mark. Now, with more crypto traders than ever, the market has

Crypto markets have seen impressive growth in the past year, with Bitcoin (BTC) breaking the $100,000 mark. Now, with more crypto traders than ever, the market has plenty of room to continue expanding.

Among the tokens that are showing the most promise in the coming weeks are Elluminex, Cardano, and Stellar. All three of these tokens have the right combination of virality, strong communities, and solid fundamentals.

Elluminex Poised For Major Gains

One of the tokens that is showing major short-term potential is Elluminex (ELX). This token has recently gone viral for its potential to revolutionize the TON’s ecosystem. Specifically, this DEX is looking to get around TON’s liquidity problems by connecting over 40 major chains.

Liquidity has been an ongoing problem for TON, which still has a relatively small DeFi ecosystem. By bridging most major chains to its platform, Elluminex is able to bypass these issues. As a result, it could become the chain that offers the lowest slippage on TON.

For this reason, investors are taking notice. So far, Elluminex has raised over $300,000 from علاقه‌مندان, showing major interest in this upcoming project. However, as it continues to gain momentum, Elluminex is set to attract more investments, selling out its presale.

Once Elluminex completes its presale phase, it will be in a strong position to surge. With its current price at $0.06, the token has the potential for major price increases in the near future.

Cardano Sets Itself Apart From Other Chains

Over the past week, Cardano (ADA) has seen a correction, dropping below $1. This move was largely driven by whale sales. Specifically, wallets with between 1 million and 10 Cardano sold off over $200 million in ADA last week. Despite this, whales may be wrong about Cardano.

For one, the network is preparing for several major developments. The Cardano Foundation recently revealed a major shift in its ecosystem. Specifically, several projects are working on ways to introduce secure identity verification on the network. This development will help Cardano reduce fees for real users and also combat the bot problem.

This focus sets Cardano apart from most بلاکچین networks, which continue to prioritize anonymity and high volumes. However, bot traffic for many of these chains inflates transaction counts, but these figures do not reflect real usage. Furthermore, it remains a key pain point for users.

Stellar Sees Major Development

Like Cardano, Stellar (XLM) has seen a major correction in the past weeks. Currently, Stellar trades at $0.3936, down significantly from its recent high of $0.5137. Despite this, the token has strong fundamentals that could see it rebound very soon.

Specifically, Stellar announced several major partnerships last year, including with some of the biggest players in finance. For one, Paxos announced that it plans to integrate Stellar in order to improve services on its platform.

Meanwhile, the Etherfuse project also announced plans to join Stellar by 2025. This project, which focuses on real-world assets (RWAs), will boost Stellar’s appeal to traders. Notably, RWAs are one of the strongest use cases for crypto.

With the addition of a new platform, Stellar is able to expand its potential for real-world applications significantly.

For more information on Elluminex (ELX), please visit the links below:

Website: https://elluminex.com

Twitter/X: https://x.com/elluminex

Telegram: https://t.me/Elluminex