Kaspa (KAS), Cronos (CRO), and Stellar (XLM) Primed for the Next Leg Up as Elluminex (ELX) Presale Becomes a Viral Phenomenon

Investors who feel like they missed out on the XRP rally need not worry as the crypto market is ripe with opportunities, especially as the most euphoric phase of the bull run has yet to kick in.

Investors who missed out on the XRP rally can still find opportunities in the crypto market, especially since the most euphoric phase of the bull run has yet to begin. Kaspa (KAS), Cronos (CRO), and Stellar (XLM) are showing signs of preparing for the next leg up, and traders speculate that they could soon skyrocket to new highs.

A newcomer, Elluminex (ELX), is also set for massive price multipliers as its presale of the native $ELX token quickly becomes a viral phenomenon. Here's a closer look at these projects and what the future might hold for them.

How Elluminex Could Revolutionize Decentralized Exchanges

Elluminex is the first dedicated DeFi solution on the Toncoin blockchain, which directly taps into Telegram's 950-million user base. With its cutting-edge cross-chain framework, Elluminex aims to solve the inefficiencies that bar traditional single-chain platforms like Uniswap and PancakeSwap from unlocking the full potential of DeFi

Elluminex allows users to seamlessly swap assets across major blockchains, ensuring deep liquidity, inexpensive fees, and greatly reduced slippage. The platform also prioritizes user privacy and control. Unlike centralized exchanges, Elluminex does not require KYC verification, removing the risk of sensitive data leaks. As a non-custodial exchange, investors will also maintain full control of their funds, ensuring a trustless and secure trading environment.

Traders can stake $ELX for rewards of up to 18% APY, creating a compelling reason to hold the token for the long term and engage with the ecosystem on a deeper level. Moreover, Elluminex will also provide preferential access to exclusive TON projects. This means that user will be able to gain an allocation at discounted prices, allowing them to maximize their returns post-launch.

Kaspa Teases Breakout, Jumps 7%

Kaspa (KAS) has emerged as one of the top-performing altcoins, posting double-digit gains over the last month. However, as Kaspa approached the $0.16 resistance, selling pressure intensified, forcing a steep retracement and a retest of lower support levels. At the time of writing, Kaspa trades at $0.137, following a 7% intraday increase, bringing its total monthly gains to 14%.

While Kaspa's market cap surged to $3.5 billion, investor participation has diminished, as reflected by the 36% drop in trading volume, with $135 million worth of KAS traded in the last 24 hours. In terms of adoption, Kaspa continues to gain traction, ranking as the seventh-largest mineable coin, thanks in part to Marathon Digital’s addition of KAS to its mining operations in mid-2024.

Cronos Soars After Crypto.com US Launch

The launch of Crypto.com's US exchange triggered a notable surge in the price of its native token, Cronos (CRO). Shortly after the announcement, Cronos climbed from $0.134 to a two-day high above $0.14 before experiencing a slight pullback. Cronos, which had previously peaked at $0.22 following the US elections, now holds a market cap exceeding $3.7 billion despite significant retracements in recent months.

As the US debut unfolds, Cronos’ performance highlights its potential for further growth amid renewed market optimism, with speculators expecting a reclaim of the $0.29 level as the next major target. This projection has been shared by crypto financier CW, who has posted a Cronos chart reading on X, drawing attention to a falling wedge pattern coinciding with a bullish parabola. If Cronos confirms a breakout above the descending trendline, it could enter escape velocity and soar to new heights before the end of January.

Stellar Approaches 30 Million Users Milestone

Stellar's ecosystem continues to expand, with nearly 28 million users highlighting its increasing presence in the blockchain space. The Stellar platform has processed 1.37 billion operations, with 427 billion successful transactions showcasing its utility. One of the main drivers behind Stellar's success is its burn mechanism, as over 55 billion XLM tokens have been burned, leaving 30 billion in circulation.

Stellar is trading near $0.44, maintaining its bullish structure above the 50 EMA, with a breakout above $0.50 possibly triggering a strong rally fueled by mounting buying activity. With network adoption rising and metrics pointing to continued growth, Stellar remains a key player in the blockchain market, especially if it breaks key resistance levels around $0.50 and $0.55, which could propel the XLM price toward $1.

Why Elluminex Could Be The Best Option

Kaspa, Stellar, and Cronos are all set for significant rallies in the upcoming months, as their adoption reaches unprecedented levels and their price structures turn