Crypto markets have seen significant growth last year, with Bitcoin breaking the $100,00 mark. Now, with more crypto traders than ever, the market has significant space to grow.
Among the most promising tokens in the coming weeks are Elluminex, Cardano, and Stellar. All these tokens have the right mix of virality, strong communities, and robust fundamentals.
Elluminex Set For Major Gains
One of the tokens with significant short-term potential is Elluminex (ELX). This token recently went viral for its potential to overhaul the TON’s ecosystem. Notably, this DEX aims to bypass TON’s liquidity troubles by connecting more than 40 major chains.
Liquidity has been an ongoing issue for TON, which still has a relatively small DeFi ecosystem. By bridging most major chains on its platform, Elluminex bypasses these issues. Consequently, it may become the chain that offers the lowest slippage on TON.
For this reason, investors are taking note. So far, Elluminex raised over $300,000 from enthusiasts, reflecting significant interest in this upcoming project. However, as it gains momentum, Elluminex is poised to attract more investments, selling out its presale.
Once Elluminex finishes its presale phase, it will be in a strong position to grow. With its current price at $0.06, the token has significant potential for major price increases in the near future.
Cardano Sets Itself Apart From Other Chains
In the past week, Cardano (ADA) has seen a correction, declining below $1. The main reason for this was whale sales. Notably, wallets holding between 1 million and 10 Cardano offloaded more than $200 million in ADA last week. Still, whales may be wrong about Cardano. For one, the network is set for several major developments.
The Cardano Foundation recently revealed a significant shift in its ecosystem. For one, multiple projects are working on ways to establish a secure identity verification on the network. This development will help Cardano reduce fees for real users and also combat the bot problem.
This focus sets Cardano apart from most blockchain networks, which continue to favor anonymity and high volumes. Still, while bot traffic for many of these chains inflates transaction counts, these figures don’t reflect real usage. What is more, it remains a fundamental problem for users.
Stellar Sees Major Development
Just like Cardano, Stellar (XLM) has seen a major correction in the past weeks. Currently, Stellar trades at $0.3936, a sharp decline from its recent high of $0.5137. Still, the token has strong fundamentals which may help it bounce back very soon.
For one, Stellar announced major partnerships last year, including with some of the biggest players in finance. For one, Paxos announced its plans to integrate Stellar, with the goal to enhance services on its platform.
At the same time, Etherfuse project announced plans to join Stellar by 2025. This project, focusing on real-world assets (RWAs), will boost Stellar’s appeal to traders. Notably, RWAs are among the strongest use cases for crypto.
With the addition of a new platform, Stellar has the potential to significantly boost its potential for real-world applications. 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
