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Ripple’s court win boosts XRP’s outlook, while Elluminex eyes DeFi growth on the expanding TON network.
Ripple (XRP) has established its footprint across the global financial landscape, especially after its recent court victory against the U.S. SEC. This achievement has propelled the XRP price to unprecedented highs, with market forecasters touting a double-digit price for the top altcoin during this bull cycle.
Meanwhile, new interesting projects are emerging. Elluminex (ELX), a fast-rising presale star that aims to solve similar challenges as Ripple but with a twist. In its own case, Elluminex aims to expand DeFi capabilities on the rapidly growing TON network by leveraging its robust DeFi infrastructure and proprietary premarket features.
Elluminex’s proprietary premarket feature attracts growing interest
For every blockchain network that has scaled significantly over the past two decades, there is always a cross-chain solution(s) that drives network adoption and liquidity aggregation. SushiSwap and Uniswap did it for Ethereum, PancakeSwap for Binance, and Jupiter for Solana. As a unified DeFi Hub, Elluminex aims to achieve the same and more for the TON blockchain.
However, deviating from the traditional module, Elluminex introduces proprietary features such as premarket access as well as an AI-powered portfolio tracker that streamlines the overall DeFi experience for both new and experienced users. Additionally, Elluminex offers other key solutions including a comprehensive DEX protocol, advanced staking and farming mechanism, and cross-chain liquidity solutions.
There is also an Academy that aims to eliminate DeFi illiteracy to the barest minimum, which further underscores Elluminex’s effort to deliver true financial liberty for its core users. This, coupled with exposure to the fastest growing network with over 950 million active users and over 1 billion recorded transactions, is drawing a massive interest to Elluminex presale, where the native ELX token currently sells for $0.06 with a potential for an exponential rally by launch.
Ripple maintains strong bullish momentum in monthly rally
The past month has been quite an interesting one for the Ripple coin as it registered over 40% increase despite obvious market fluctuation. However, the past week has been met with a severe fluctuation as XRP price hovers around a weekly price range of $3.24 and $3.18, reflecting a roughly 2% decline during the period.
Regardless, XRP coin still maintains a generally bullish outlook, especially considering its year-to-date price gain of over 500%. As such, there has been sustained optimism for the native XRP coin among community members and market forecasters alike.
Meanwhile, technical analysis on TradingView reveals that XRP coin’s moving averages maintain a bullish position, suggesting that the top altcoin holds a strong potential to break past its recently registered all-time high of $3.84 in the coming weeks. It could possibly hit double digits before the end of this bull cycle as top analysts like Ali Chart predicted.
Conclusion
While both ELluminex and Ripple have a primary goal of expanding DeFi access to the masses, it’s hard to conclude which one has the most potential to dominate the DeFi market. Elluminex in particular, is set to expand DeFi capabilities on the TON network, which in itself holds a lot of unrealized potential for the base network and broader crypto market.
To learn more about Elluminex, visit the website, Twitter, and Telegram.
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