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Cryptocurrency News Articles
Elluminex, Ethereum, and XRP: A Comprehensive Insight into Yielding Significant ROI
Feb 04, 2025 at 12:34 am
As the crypto market volumes rise and fall, the bear wave sweeping across the crypto industry still harbors a significant hold on some top altcoins.
This article provides an overview of the recent performance and projections for three crypto assets: Elluminex (ELX), Ethereum (ETH), and XRP. The article highlights the bearish trend observed in the crypto market, with some altcoins still experiencing a downturn.
However, certain crypto projects have maintained bullish sentiment despite the bear market. Projections from forecasters indicate these projects could serve as valuable investment alternatives. The tokens discussed include ETH, XRP, and Elluminex, a new DeFi project on the TON Network that is expected to surge by 700x in Q1.
Analyst Ted projects ETH to hit $4000 this month
Despite the bearish trend depicted in the Ethereum price chart, renowned crypto analyst Ted believes that the price of ETH will reach $4k before the month ends. Similarly, ElitesCrypto on X projects a 100% growth of Ethereum with a price target of $7,500 by March, adding that it could trigger a bullish breakout for altcoins.
An update that confirms Vitalik Buterin will upgrade Ethereum’s transaction volume and burn rate could also position the top altcoin for a major rally in the coming weeks. This upgrade will see the Ethereum blockchain execute up to 10,000 transactions per second and an annual burn rate of 713,000 ETH.
So far, the price of ETH has lost over 9% in value in the past week as the bull tries to hold the crucial $3000 support level. A breach of the price point might see Ether’s price drop toward the $2800 mark. However, with market stats showing a significant rise in the Ethereum trading volume, the popular altcoin might witness a resurgence very soon.
XRP falls below $3 in recent decline, possible buy zone
The XRP token has been one of the very few crypto assets on a bullish trajectory within the past month, having gained 28% as per CoinMarketCap. However, recent price movements have seen XRP’s price lose over 14% in value within the last week, resulting in the altcoin price dropping below the critical $3 support level.
The recent price decline does not deter some analysts. In an X post, Coinvo, a crypto trader, branded the latest decline a “classic break-and-retest” trajectory. The analyst also projected the XRP crypto price to retest the $3.50 mark soon.
A glance at the technical analysis shows that the XRP price is above the 50-day SMA ($2.53), suggesting a growing momentum. The RSI is also hovering at 49, indicating that it is not in the overbought zone, making now the best time to buy the dip. Overall, investors can expect a significant rally once the altcoin is able to retest the $3 mark.
Elluminex to unlock DeFi possibilities on TON Network
While the TON Network is growing significantly in the industry, with over 956 million active users, the blockchain lacks a cutting-edge DeFi bridging solution. This has limited its potential to become an apex blockchain for DeFi. However, the imminent introduction of Elluminex on the TON Network will solve the DeFi shortcomings on the blockchain and propel the MemeFi ecosystem of TON to exponential heights in 2025.
With Elluminex, users on the TON Network can now access liquidity from multiple other blockchains for the first time. Elluminex serves as a DeFi bridging solution on the TON Network, just like PancakeSwap on Binance Smart Chain and Uniswap on the Ethereum network. The solution that Elluminex brings has elevated its status among the leading DeFi projects.
Advanced trading tools like the AI-powered portfolio tracker make it easier for users to monitor the performance of their digital assets, while the over-the-counter platform grants users access to new TON projects before listing, potentially allowing users to enter new projects early. Users can also opt to stake their tokens for massive rewards.
Based on the utility that Elluminex provides and its current surging trajectory, the project is on course to generate an exponential return in value. That is why, at the current presale price of $0.06, the ELX token represents a potential blue-chip crypto.
Crypto assets to focus on
Amid the flurry of potential from these top crypto assets, Elluminex stands out given the immense range of utilities it’ll bring to the TON Network, its early-stage entry advantage, low price point, exponential growth potential, and more. Elluminex represents a DeFi investment opportunity for holders looking to be part of a future blue-chip project. While ELX is backed for massive rallies, Ethereum and XRP are also among the leading altcoins to watch in 2025.
To learn more about Elluminex, visit the website, Twitter, and Telegram.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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