The crypto market in 2024 has been a spectacle of rapid growth, with Dogecoin (DOGE) capturing the spotlight with an explosive surge that saw it scale the crypto rankings with ease. Sui (SUI) and Avalanche (AVAX) are also making headlines with their impressive runs that place them at the forefront of DeFi innovation.
However, with 2025 right around the corner, the window for securing generational gains might be narrowing, yet there still is massive opportunity for savvy investors. Toncoin in particular has yet to see a proper rally and a reclaim of its previous heights. Newcomer Elluminex (ELX) could soon become one of the driving forces behind the next Toncoin run as it presents itself as the first-ever TON-based DeFi solution. Let’s explore how these projects could perform in 2025 and why investors should keep an eye on Elluminex.
How Elluminex Unlocks TON’s Potential
With a first-mover advantage, Elluminex could soon become one of the key players in the DeFi space and elevate the TON ecosystem to new heights. This platform is designed to empower users by offering a secure, intermediary-free environment through its non-custodial frameworks, which allows investors to retain absolute control over their assets. Privacy is a cornerstone of Elluminex, with no KYC verification required, ensuring completely anonymous trading.
Elluminex’s cross-chain bridge promises to solve the issues of fragmented liquidity and high transaction fees across different blockchains, providing a seamless trading experience.
The $ELX token will play a pivotal role within the Elluminex ecosystem, powering all processes therein, which include utility, governance, and staking. $ELX will have a total supply of 350 million tokens, 50% of which will be on sale for a discounted price throughout the Elluminex presale. The remaining tokens will be allocated for token liquidity, marketing, rewards, buybacks, and exchange listings.
Staking opportunities will provide passive income to holders of the $ELX token for up to 18% APY. This is also aligned with a deflationary model that will continuously reduce the circulating supply and prime the token for significant scarcity-driven growth.
Dogecoin Is Still Range Bound, Has Momentum Fizzled Out?
After a rejection at $0.48, Dogecoin (DOGE) entered a cool-off phase as its price slid into $0.40 territory, where consolidation began. After a few retests of lower support levels, Dogecoin is now selling for $0.39 with little to no action in terms of intraday price movement.
Although Dogecoin became a cultural phenomenon, its inherently volatile meme coin nature could still be a cause of concern among savvy investors. The reason is that Dogecoin’s growth is largely driven by hype and speculation, with Elon Musk’s constant promotion having a huge impact on its performance
While a fanatical community has rallied around its banner, and the prophesied $1 milestone is expected to become a reality in early Q1, it’s safe to say that at $60 billion in market cap, Dogecoin is already past the point of diminishing returns.
Is Sui The “Solana Killer”?
Sui has already made waves throughout 2024, rising 500% since late August to reach a new all-time high of $4.93 just a few days ago. Currently trading at $4.71, SUI’s macro price structure suggests that its bullish momentum is just getting started. Analysts are eyeing the $5 target as the next key level that could see Sui enter bullish price discovery.
Sui’s claim to fame is its lightning-fast performance, capable of processing up to 120,000 transactions per second, positioning it as a real threat to Solana’s monopoly on speed. The launch of DeepBook, a decentralized exchange leveraging Sui’s cu, has been crucial, offering traders a high-performance, low-cost platform while funneling substantial revenue back into the Sui ecosystem.
As Sui continues to attract developers and users, its role in shaping the future of Layer 1 blockchains looks promising and the overwhelming consensus is that this latest rally is just a sign of what’s to come.
Avalanche Is Spearheading DeFi Innovation
Over the last months, Avalanche (AVAX) has become a hotbed for institutional adoption, with partnerships that include financial behemoths like BlackRock and JP Morgan. These collaborations not only validate Avalanche as a utility-focused platform but also open avenues for real-world asset tokenization on the blockchain, a niche that Avalanche is set to capitalize on thanks to the recent AVAX9000 upgrade which focuses on RWAs.
Furthermore, Avalanche is also making strides on the DeFi front, with applications such as the lending platform Benqi and the DEX Trader Joe. As these projects grow, so does the potential for Avalanche to become a cornerstone for both DeFi and institutional blockchain applications, offering a blend of stability and growth potential.
At the time of writing, Avalanche trades at $49, following a 12.45% weekly increase, and its current chart formation suggests that a breakout could be looming.
Toncoin’s Billion-User Army Could Make It The Layer 1 King
2024 has been a bumpy year for Toncoin, between the bearish summer slump and the arrest of Telegram CEO Pavel Durov. Despite this, Toncoin demonstrated surprising resilience and although its recent performance wasn’t as stellar as that of other Layer 1s such as Sui and Avalanche, Toncoin has still a winning ace up its sleeve — Telegram.
In essence, Toncoin can be regarded as the blockchain continuation of Telegram as it’s designed to seamlessly interface with one of the world’s largest messaging apps, while directly tapping into its 950 million user base. While Toncoin has been making strides in the crypto gaming niche, with viral titles like Notcoin and Hamster Kombat, its DeFi capabilities remain relatively underutilized. This is precisely why Elluminex is set to supercharge Toncoin, just like Uniswap did for Ethereum and Jupiter did for Solana.
Currently, Toncoin trades at $5.9, but analysts point out that its price is moving within a triangle pattern, and a bullish breakout from here could send TON soaring, with the next major target being the $7.55 resistance.
Conclusion
Diversifying beyond Dogecoin and into projects like Sui, Avalanche, Toncoin, and Elluminex, could not only mitigate risk but also position investors to see massive returns once the bull run is in full swing.
Especially keeping an eye on Elluminex, as the presale launch nears, could be the next gem and essentially “win” the cycle. Don’t miss out!
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
