Since the start of the fourth quarter, the Shiba Inu Token was one of the most successful coinsrising from $0.00001756 in early October to a high of $0.00003343 on December 8, a level it last reached in March. While this is attributed to the recent crypto market rally, which saw altcoins see big moves, the meme coin price is expected to rise further in the coming weeks.
However, Elluminex, a new DeFi tokenexpected to surpass the 2021 Shiba Inu record. The new DeFi protocol is on a mission to bring the cross-chain and bridging solutions needed for TON network projects to access and use vast liquidity in the ecosystem, thereby solving fragmentation issues liquidity across the world. DeFi Market.
Shiba Inu market activity is increasing – is a resurgence on the way?
The meme coin based on Ethereum Shiba Inu Trading Volume is back in the uptrend, sparking speculation of another market rally. According to CoinMarketCapTHE Shiba Inu Price has increased 154% in price metrics year to date. However, the coin has been struggling since hitting the $0.00003343 mark, down slightly by 5% over the past week.
Even though market sentiment is bullish, the Shiba Inu Cryptocurrency repeatedly failed to break above the $0.000028 resistance zone, a previous support level. As noted on Commercial viewTHE SHIB Price fell below the 30-day SMA ($0.00002752), with technical indicators such as the Average Directional Index and the Commodity Channel Index all neutral.
However, the RSI is 44 and is not yet in the overbought zone. As such, the coin should soon experience a big change. Crypto analyst MarketMaestro shares a similar opinion, stating that The price of the Shiba Inu will soon reach $0.000043. However, another analyst, Bora Kahinthinks Shiba Inu needs to get back to $0.000030 to see a big move.
Elluminex educational platform expected to boost participation in DeFi
THE DeFi Industry is experiencing mass adoption due to privacy, security, and regulatory concerns with traditional financial institutions. However, the lack of understanding poses a major threat to DeFi participation. Elluminex (ELX), the new DeFi Protocol launch on the Blockchain TONpresents an academy that aims to eliminate DeFi illiteracy within the DeFi industry.
Apart from that, Elluminex solves other common problems in the DeFi ecosystemsuch as fragmented liquidity, high gas fees, complex interfaces and limited access to early-stage investment opportunities. Elluminex’s goal is to connect isolated blockchains and provide them with a high level of liquidity that is difficult to match by other platforms, thereby opening up lucrative opportunities for users.
Harnessing the power of Blockchain TONElluminex DEX will provide unparalleled speed, security and scalability to the network’s over 950 million active users while allowing users to trade seamlessly with little to no slippage and earn profits. With this, more developers and projects will be launched on-chain, similar to what Uniswap offers to the Ethereum ecosystem.
Apart from advanced trading features such as AI-based portfolio tracking, which allows users to monitor and gain market insights, there is also the OTC platform, which allows users to quickly access new projects. All these features will boost the growth of Elluminex. Given its total supply limited to 350 million and its deflationary mechanism, the ELX price is expected to surpass the 2021 Shiba Inu record in the coming months.
Why Elluminex Will Take Over the 2021 Shiba Inu Bull Season
Shiba Inu saw massive rallies during the 2021 bull season, reaching an ATH of $0.00008845, which has remained to this day. However, Elluminex could surpass this record in 2025. The new DeFi Coin is backed by fantastic features, which will likely drive its adoption.
For more information on Elluminex (ELX), visit the links below:
Website:https://elluminex.com/
Twitter/X: https://x.com/elluminex
Telegram: https://t.me/Elluminex