Elluminex (ELX) Presale Skyrockets as Investors Target Solana’s (SOL) Market Cap

Solana has already cemented its place in crypto history, becoming one of the most sought-after Layer 1 projects in the space. However, 2024 gains could be vastly outshined by newcomer Elluminex (ELX) which is designed to unlock the latent potential of the Toncoin ecosystem with its cutting-edge DeFi protocol.

Solana (SOL) might have stolen the show in 2023 with its mind-boggling gains, but 2024 could belong to Elluminex (ELX). This new Layer 1 challenger is designed to unleash the full potential of the Toncoin ecosystem with its cutting-edge DeFi protocol. Here's why investors are buzzing about Elluminex and how it could become the next game-changer in crypto.

Elluminex: The First-Ever DeFi Platform On TON

Elluminex stands out from the crowd as the first-ever project to harness the power of the Ton Coin (TON) blockchain. By tapping into Toncoin's largely undeveloped DeFi niche, Elluminex brings a unique solution to the massive 950-million Telegram user base. The formula for success seems clear-cut: Telegram users are more likely to adopt a DeFi platform that seamlessly integrates with their most-used messaging app.

Elluminex boasts an innovative cross-chain bridge that facilitates lightning-fast transactions between otherwise isolated blockchains. This makes it the last DEX that crypto traders and holders will ever need. Moreover, this model addresses the typical inefficiencies of single-chain platforms as liquidity is sourced from the different chains. This approach drastically reduces waiting times, while ensuring low slippage, allowing users to seize every opportunity without incurring high transaction costs.

One of the key aspects of Elluminex is its focus on user autonomy. Holders will have complete control over their assets without relying on intermediaries. Elluminex also features a native $ELX token that fuels staking, governance, and other essential ecosystem functions. With projected staking rewards as high as 18% APY, the project offers lucrative incentives for early adopters and promotes long-term engagement.

Solana (SOL) Price Prediction: Here’s Why Traders Might See $500

Solana (SOL) recently hit a new all-time high of $293.31, fueled by the viral launch of the TRUMP meme coin, which helped increase Solana's trading volume by 40%. This surge led to Solana reaching a new peak of $11 billion in Total Value Locked (TVL), and generating a massive $17 million in revenue in just 24 hours.

Unsurprisingly, investors began booking profits at the top, causing Solana to retrace. At the time of writing, Solana trades at $240, following a 5.4% intraday decline, however, this support level seems strong and no further downtrends are expected. Solana's technical indicators show bullish momentum, with SOL holding above key Fibonacci levels and indicating strong buying pressure. Considering all these factors, analysts are optimistic about their $500 target for SOL, supported by a possible ETF launch in 2025 and growing institutional adoption.

Telegram To Accept Only Toncoin For Its App Services

Telegram has announced that Toncoin will be the only cryptocurrency accepted for its app services, discontinuing support for all other blockchains. This move comes as part of a new collaboration with the TON Foundation, which will see Toncoin become the exclusive blockchain infrastructure for Telegram's Mini App ecosystem.

Toncoin will also be the sole cryptocurrency accepted for non-fiat payments for services like Telegram Stars, Premium, Ads and Gateway. Additionally, Toncoin will be the exclusive currency used to compensate Telegram Mini App developers and channel owners. This integration solidifies Toncoin's presence within Telegram's ecosystem and sets the stage for explosive growth in 2025, fueled by Telegram's 950-million global user base. Experts believe that at $5.15, Toncoin is still largely undervalued. However, with the Telegram news, and Elluminex becoming operational and funneling massive amounts of revenue into the TON ecosystem, Toncoin could soon enter a golden age and make its way into the crypto top 10.

The Elluminex Presale

Stage 1 of the Elluminex presale has begun and $ELX tokens are available for purchase at a price of just $0.06. Thousands of participants have already claimed nearly 5 million tokens, raising almost $300,000 in record time.

For more information about Elluminex (ELX) visit the links below:

Website: https://elluminex.com/

Twitter: https://x.com/elluminex

Telegram: https://t.me/Elluminex