Some top altcoins, like Ethereum and Solana, have continued to lead the charge with significant bullish potential ahead of the new year. This bullish sentiment has seen whales like BlackRock buy up to $300 million worth of Ethereum tokens.
Solana’s market trajectory has slowed, but that’s not stopping investors from being bullish. Meanwhile, the Elluminex DeFi hub is about to introduce a revolutionary project to the TON network that will solve common DeFi problems.
Investors Bullish On Solana Token Despite 14% Retracement From Recent ATH
The current quarter of the year has been bullish for the most part for Solana (SOL) and its investors. The parabolic rise of Solana’s price during the quarter saw it set a new all-time price high of $263.83 on November 23rd, according to stats from CoinMarketCap.
However, since the ATH, the Solana token has been in a downtrend, losing about 14% within a month. While this has instilled some FUD in some investors, a large proportion believe the retest is an opportunity to buy and position for growth.
A crypto analyst, Degengambleh, pointed out in an X post how the decline is a “simple breakout and retest” for the Solana crypto. With Solana trading volume on the uptrend, a resurgence and rally are likely to occur in the coming days.
BlackRock Buys $300M Worth Of Ethereum Amid Token’s Bullish Prospect
As the Ethereum token continues consolidating in the market, crypto whales like BlackRock are venturing into investing in ETH. In what market watchers describe as a show of growing confidence in Ethereum, BlackRock has bought about $300M worth of ETH within the week.
Ethereum has been exhibiting consistent bullish sentiment over the past month, gaining about 24% within that time frame, according to market stats. However, the token has repeatedly met resistance around the $4,100 mark.
An analyst, Ali_Charts, on X believes Ethereum’s price could go parabolic toward the $6,000 mark if it eventually breaks through the $4,100 resistance. While Ethereum is trading below the $3,900 mark at press time, investors are bullish on the token’s growth potential.
Elluminex (ELX): Introducing The Future Of DeFi On The TON Network
The DeFi industry has a recurring issue with cross-chain interoperability, allowing easy access to liquidity options on multiple blockchain networks. Blockchains like Ethereum have integrated Uniswap to solve this issue, and Binance Smart Chain has PancakeSwap as a solution.
However, the TON network has yet to solve its interoperability issue despite harbouring over 950 million active users and over a billion transactions on the network. That is why the Elluminex project is on hand to bridge the gap while providing cross-chain access to over 40 blockchains.
With features like a DEX exchange, an educational academy for DeFi literacy, and pre-market access to TON tokens, Elluminex will revolutionize the DeFi industry on the TON Network. Given the advanced trading features like the AI portfolio tracker, users will be able to trade with ease and have a seamless trading experience.
In view of this, investing in Elluminex through its token presale is the best way to position oneself for the project’s imminent increase in value. Adding to the limited 350M total supply, the ELX token price will head to the moon sooner than anticipated.
Accessing The Best Investment Option Between Solana, Ethereum, And Elluminex
Solana and Ethereum are among the top crypto coins to invest in. However, for investors looking for novel DeFi projects with life-changing features and a low-price entry advantage, Elluminex is the best form of investment ahead of 2025.
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