Elluminex (ELX) Mimics Pepe (PEPE) Pre-2024 Performance Heading into 2025, Unlocking True Capabilities of Toncoin

Elluminex is set to leverage Toncoin's great 950-million user base and become a leading DEX, vastly outpacing other established platforms

The crypto market is crashing and burning as red candles have flooded the charts, leading to a collapse in prices across the board. Pepe (PEPE) is among the altcoins that have been hit the hardest, which is not particularly surprising, as meme coins are notoriously susceptible to volatility spikes.

Despite the steep decline, on a macro level, Pepe buyers who bought in at the start of 2024, are still up by over 1,000%. A newcomer in the DeFi space could soon mimic Pepe’s performance heading into 2025 while simultaneously unlocking the true capabilities of one of the fastest-growing Layer 1 blockchain on the market. Let’s talk about Elluminex.

Elluminex is set to leverage Toncoin’s great 950-million user base and become a leading DEX, vastly outpacing other established platforms such as Uniswap, potentially becoming the next bullish gem. Elluminex integrates a wide array of DeFi functionalities into one intuitive and user-friendly platform. The base of operations is Elluminex’s DEX, a state-of-the-art decentralized exchange designed to interface with all major blockchains. This translates into efficient concentrated liquidity, low slippage, and advanced order types.

The Elluminex platform focuses on true interoperability and through its revolutionary cross-chain bridge users can seamlessly swap between chains, at near-instantaneous speed and the lowest possible transaction fees. Moreover, investors won’t be required to fill out a KYC form, allowing them to protect their anonymity while using the platform.

The $ELX token powers all the main functions of the Elluminex ecosystem. It drives utility, governance, and engagement, while its deflationary design will ensure that the continuous reduction of the total supply primes the token for sustainable, long-term growth. The supply is capped at 350 million and 50% of it will be available at discounted prices during the presale event.

Furthermore, Elluminex will grant its users early access to TON-based project tokens before they hit exchanges, through a special over-the-counter platform. With the presale launch just around the corner and the bull run ramping up in the upcoming months, this is not a project to sleep on in 2025.

Pepe Breaks Down, Lands On Lower Support, What’s Next?

The crypto flash crash has taken a significant toll on the Pepe price action, which was already treading water with the $0.000020 support barely holding. Over the last 24 hours, Pepe experienced a steep 22.5% intraday drop, which saw its price plummet down to $0.000015, where consolidation began. Pepe is currently retesting the June all-time high, and this is where a bottom should start forming, as on-chain analysis shows that buyers are stepping in and scooping up the dip.

A few days ago, analyst and trader CyrilXBT shared a Pepe chart reading which foresaw this move, although the correction appears to be deeper than projected. He also believes that this retest of high-demand zones will likely act as a springboard and possibly propel Pepe to a new peak in Q1 2025.

On the other hand, a significant dose of uncertainty has been injected into the market, and when this happens, meme coins are among the first assets to face maximum selling pressure. To mitigate losses, many crypto players are hedging their Pepe positions by rotating capital into utility-driven low-cap projects that are built to be resilient in times of intense turbulence.

This is why Elluminex’s presale is timed perfectly. It will allow early adopters to find a safe haven amid the sea of red while positioning them to make the most of the upcoming bull run.

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

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