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Cryptocurrency News Articles

Elluminex (ELX) Presale Rotates Capital from OG Dogecoin (DOGE) Investors as Dogecoin ETF Rumors Start Circulating

Feb 01, 2025 at 04:17 am

As Dogecoin (DOGE) is still caught in a narrow trading channel, a series of bullish catalysts are lining up that could see it soar above the prophesied $1 milestone.

As cryptocurrency markets continue to consolidate following a blistering 2023, and with the upcoming halving event, many OG investors are rotating capital into promising projects that are yet to fully enter the mainstream consciousness. One such project is Elluminex (ELX), a novel decentralized exchange (DEX) protocol that’s aiming to redefine the framework of decentralized finance (DeFi) with its cutting-edge platform.

Built on the Toncoin blockchain, Elluminex positions itself as an innovative protocol within the realm of decentralized finance (DeFi) that’s aiming to revolutionize the DEX space. Elluminex is set on merging the best aspects of centralized and decentralized exchanges (CEX and DEX) to create a superior trading experience. It combines the speed, liquidity, and user-friendliness of CEXs with the transparency, security, and autonomy of DEXs.

With its unique cross-chain bridge, Elluminex promises to solve the main issues found in run-of-the-mill single-chain DEXs — namely, fragmented liquidity and poor interoperability between chains. Elluminex brings forth a streamlined trading experience with greatly reduced slippage, fees, and waiting times.

In addition to this, Elluminex is also planning to launch several initiatives to onboard new users into the Web3 and DeFi ecosystem. One such venture is the Elluminex Academy, an educational hub that seeks to bridge the knowledge gap between crypto beginners and veterans. In the academy, users will find numerous free resources that aim to simplify the key concepts of DeFi, investing, and portfolio management.

Moreover, Elluminex will also offer a portfolio tracking app for optimal asset management, which will come with built-in data feeds and analytics, ensuring that investors will always have the right information at hand. With a first-mover advantage in the TON ecosystem and growing investor interest, Elluminex is poised to become one of the hottest projects of 2025. The $ELX presale is already gaining massive traction, with thousands of market participants rushing to secure a token allocation.

Dogecoin ETF Rumors Have Started Circulating

The explosive launch of the official Trump meme coin (TRUMP) has siphoned off massive amounts of liquidity from the meme market, leading to corrections across the board. Dogecoin (DOGE) braved this storm with its price finding rock-solid support at the $0.34 mark. At the time of writing, Dogecoin sells for $0.36, following a 1.4% rebound, although its weekly losses stand at 13%, following substantial sell-offs around the $0.42 level.

Bitwise has officially filed for a Dogecoin ETF under the name “Bitwise Dogecoin ETF,” as confirmed by the company. This filing aligns with similar applications from Rex Shares and Osprey Funds, reflecting the growing interest in meme coins. Speculators suggest that regulatory approval could legitimize Dogecoin and grab the attention of institutional players, sending demand through the roof. Needless to say, this move is part of the broader crypto ETF trend that started with the massive inflows seen with Bitcoin ETFs, which attracted $50 billion last year.

The Elluminex Presale Is Live, But The Discount Window Is Closing Quickly

While Dogecoin will undoubtedly conquer new peaks when the bull run is in full swing, Elluminex could present a much better opportunity for asymmetrical returns, due to its smaller market cap.

Over $300,000 has been raised in less than a week, with early buyers claiming 5 million of the 175 million $ELX available during the presale. Tokens are selling for just $0.06 and the price is the lowest it will ever be, especially when considering all that Elluminex has to offer. The best time to get involved? Now!

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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Other articles published on Feb 01, 2025