Bitcoin has continued to grind towards the upward trend after breaking past the $100k barrier some weeks ago. Since Donald Trump’s victory, Bitcoin price has soared by over 50%, setting a new ATH in the past 24 hours. With Bitcoin’s Moving Averages (MA) showing strong bullish signs and other major key indicators flashing green signals, the BTC price could surpass $110k in a few days.
Meanwhile, Elluminex (ELX) is another top crypto coin that could follow the same bullish trajectory. Although in presale, the new DeFi coin is showing signs of market dominance, driven by its quest to revolutionize the TON blockchain. The new project hopes to address issues related to high fees, complex interfaces, and limited access to investment opportunities in the DeFi market.
Bitcoin Price Prediction: BTC Could Hit $500k During This Bull Cycle
Bitcoin (BTC) has witnessed huge price growth since Trump’s victory with the new administration widely regarded as more supportive of cryptocurrencies when compared with the outgoing government. Crypto experts believe this is the beginning of something huge. One of those experts is Michael Van De Poppe, who expects the Bitcoin price to hit $500k.
Using the current rainbow chart, Michael believes the last cycle should have gone higher than the current price, and if the cycle continues as time passes, the Bitcoin price could soar automatically. Another Twitter account, Bitcoin Archive, projects the Bitcoin crypto price to hit over $480,000 in 2025.
According to Bitcoin CoinMarketCap data, the Bitcoin trading volume has skyrocketed by 67% to over $72.96B as the BTC market cap hits $2.1T. The popular crypto price has surged by 151% in the YTD price metrics. Having surpassed the $106k resistance trendline, if it is able to bypass the $108k, the Bitcoin price will hit $110 this month.
Elluminex: The Ultimate DeFi Solution For Tracking And Trading Of Digital Assets
Elluminex (ELX) is a unique DeFi hub that aims to solve issues affecting the DeFi ecosystem. The TON network/blockchain has limited options when it comes to DeFi; however, with the emergence of Elluminex, users can unlock more options. Despite the limited capabilities of the TON blockchain, it remains one of the fastest-growing networks in the world and could rival Ethereum, and Solana.
With Elluminex bringing DeFi to the TON network, the network capabilities will be expanded, and the level will be heightened, similar to what Jupiter brought to the Solana ecosystem. With this, more developers and projects could launch on the chain. Also, a DEX platform like this will bring cross-chain and bridging solutions that these projects need to access the massive liquidity in the market.
When Jupiter was launched on the Solana ecosystem and PancakeSwap on the Binance Chain, various positive effects similar to what Elluminex offers were noticed. With multiple entry and exit routes for traders, users would be more than willing to provide liquidity to projects launching on the chain.
With plans to integrate decentralized exchange, staking, farming, cross-chain bridge, portfolio tracker, and pre-market access, Elluminex aims to boost the DeFi experience, making it easier to access for both new and experienced users. The AI powered portfolio tracker is designed to allow users to track data, gain insights, and stay updated about market conditions.
Given that Elluminex has a strict supply of just 350M tokens with 50% allocated for presale, the ELX token scarcity is imminent which will drive the price up. With plans to bring DeFi to a network with over 950m active users, the ELX coin could become the hottest DeFi token in the coming weeks.
Which Coins Have The Biggest Growth Potential Today?
Bitcoin hasn’t disappointed investors, as it continues to yield massive ROI. While the price is still some thousand shy of $110k, market watchers expect the BTC price to pass that mark soon. Elluminex is following in Bitcoin’s footsteps. While still new in the market, Elluminex’s quest to revolutionize the TON ecosystem makes it one of the best cryptos not to miss in this early stage.
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
Source: https://www.livebitcoinnews.com/could-bitcoin-reach-110k-does-new-defi-coin-elluminex-have-the-same-potential/