The post This New DeFi Token Is Set To Disrupt The Fastest Growing Blockchain, Toncoin Whales Buy In appeared on BitcoinEthereumNews.com.

A new project called Elluminex is making waves in the DeFi sector right now. The platform seeks to take Toncoin ($TON), which is already the fastest-growing DeFi blockchain to new heights, with a comprehensive DeFi hub. While transforming the DeFi space of TON, Elluminex will benefit from the 1 billion user base thanks to Telegram’s integration of Toncoin. As a result, industry players believe ELX could easily be the next budding gem, with $TON potentially rallying to $7.5. Toncoin (TON) Still At The Early Phase The TON blockchain is one of the fastest-growing networks in the DeFi market right now. Its connection to Telegram has fueled its growth, particularly after the rise of Telegram mini apps such as DOGs, Hamster Kombat, and Catizen in August and September. Despite this fast growth, it is relatively new in the DeFi market. This early stage gives room to new players like Elluminex, to enter the ecosystem and rise to the top with little or no competition. Presently, the Toncoin crypto is the native token of the ecosystem and ranks among the top 15 cryptocurrencies. Data from CoinMarketCap shows the Toncoin price climbed to a peak of $8.24 earlier this year before the downtrend began. Currently, the altcoin is trading between $5.53 and $6.92 on the weekly price chart, per CoinMarketCap. The cryptocurrency was initially consolidating around $5 in September before it began an uptrend in November. AlparslanAntpgl forecasted the Toncoin price could rally to $7.5 in the coming weeks. The analyst highlighted that there is a strong demand zone around $6.6-$6.7 which could act as a support. Another speculator called the Moon Show said the token has formed an asymmetrical triangle, predicting a price rise to $7.55 in the future. Elluminex (ELX), The Future Of DeFi On TON Elluminex is a revolutionary DeFi…

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Filed under: News - @ January 19, 2025 9:26 pm