Elluminex (ELX) Pre-Sale Garners Traction Amidst Crypto Market Dip, As Ethereum Price Forecast Targets $10k

The crypto market has dipped in the past 24 hours, pushing Bitcoin's price below the $100k mark. Although the Ethereum price has dropped significantly in the past few days, popular crypto guru Merlijn remains optimistic that Ethereum's price will hit the $10k mark in the coming weeks based on historical price performance.

The crypto market has dipped in the past 24 hours, pushing Bitcoin’s price below the $100k mark. While the Ethereum price has dropped significantly in the past few days, popular crypto guru Merlijn remains optimistic that Ethereum’s price will hit the $10k mark in the coming weeks based on historical price performance.

As the market dips, Elluminex has continued to witness more adoption in presale, with over 5 million ELX tokens sold. The new DeFi project aims to revolutionize the TON blockchain, which currently has limited options for its uses. Designed to bring DeFi to the TON network, Elluminex is on course to transform the chain and make it appealing to the over 950 million active users.

Merlijn Forecasts Ethereum Price To $10K

The Ethereum price is facing a major challenge at the $3000 crucial support zone, which has to be maintained for the altcoin to witness a resurgence. As per CoinMarketCap, the Ethereum crypto price has declined by 9% in the past 7 days. The recent dip has also pushed the Ethereum market cap down to $367B as against the over $406B recorded last week.

Reacting to the crypto price movement, crypto analyst, Merlijn The Trader compared the Ethereum token price to the 2017 and 2021 bull cycle. If the top altcoin follows the previous cycle pattern, Merlijn thinks Ether’s price can reach $10k in the coming weeks. In a similar view, Satoshinin Kuzeni thinks that a breakout could push the altcoin price to $3800.

While the Ethereum trading volume is rising, technical indicators from Tradingview point towards a bearish market. Coinglass data shows that Open Interest is down by 2% as more traders exercise caution. However, the RSI is 38, suggesting it is in the oversold territory. With speculations of an upcoming altcoin season, now might be the best time to buy the dip.

Why Smart Enthusiasts Are Accumulating Elluminex Token

Elluminex (ELX) is a project that is leveraging over 950 million active users to bring DeFi to the TON blockchain. Given TON’s affiliation with Telegram, which has close to 1 billion users, Elluminex aims to supercharge liquidity in TON’s fastest-growing network, making it one of the biggest DeFi hubs and also allowing it to compete with other blockchains like Solana.

Just like how the launching of Jupiter in Solana brought about billion-dollar meme coins like Bonk, the Elluminex project aims to become a go-to DeFi hub in the TON blockchain. Designed to allow cross-chain asset swapping across over 40 blockchain networks, Elluminex will allow users to easily trade and transfer assets with minimal slippage, low fees, and near-instant transaction speeds.

Elluminex aims to develop a platform that empowers users to trade, stake, farm, bride, and track their portfolios with ease. Through the Elluminex DEX, users will be able to trade a wide range of assets directly from their wallets, ensuring security and control. Users can also take advantage of the AI-powered portfolio tracker to monitor and track their portfolio performance.

Other features, like the OTC platform, allow users early access to new TON projects before listing on exchanges. The native token, ELX, has various utilities in the ecosystem, like governance and staking. At just $0.06, now remains the best time to accumulate the token. With the growing interest, speculators pick it as one of the best DeFi coins to buy, with exponential rallies anticipated before listing.

Elluminex vs Ethereum – The Best Altcoin To Buy Now

Although Ethereum’s price is projected for massive growth, the high price value makes it difficult to accumulate. Also, the popular altcoin has faced selling pressure in the past weeks, leading to the price struggling to break crucial resistance levels. In contrast, Elluminex is cheap and has high growth potential. Given that it is launching in the TON blockchain with millions of users, the adoption rate will likely surge in the coming weeks, triggering buying pressure on ELX. This could possibly cause the ELX price to rise as high as $1 before the end of 2025.

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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