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Bitcoin has remained unchallenged in the crypto market, soaring closer to the $110k mark in the past few days. Although the BTC price has witnessed a sharp decline as a result of the Fed rate cut, investors remain optimistic about more rallies due to the increasing whale accumulation, as observed by Lookonchain.
Sui is another altcoin that is showing resilience despite market volatility. With over 150% gains in Q4, the altcoin is expected to break records in 2025. At the same time, Elluminex is about to revolutionize the DeFi industry by launching a DeFi hub in the TON blockchain. With plans to solve interoperability issues in DeFi, the ELX price is expected to have a significant surge in 2025.
Bitcoin Price Could Hit $220k After Several Corrections
The recent announcement of the 25-basis point rate cut by the US Federal Open Market Committee (FOMC) has triggered FUD in the market, with the Bitcoin price witnessing a slight dip. However, expert on-chain analyst Ali Charts on X observed that the Bitcoin funding rate is high, which could trigger another rally.
In an earlier tweet, Ali projected that if Bitcoin’s price behaves like in 2017 and 2020, there will be a brief correction after reaching the $110K mark, a steep correction after hitting the $125K mark, and a big correction at $150k with the final bull cycle target at $220k. Also having a similar positive sentiment is Steve who projects the next move will push the BTC price to $110k.
Meanwhile, Bitcoin’s price has increased by 137% in the YTD price metrics. Having recorded 17 green days in the 30D timeframe, the Bitcoin crypto is trading above the 50-day and 200-day SMA. The RSI is relatively healthy at 58, not in the overbought zone. Key resistance levels to watch out for are $104,484 and $108,600 heading into the new year.
Sui Price Prediction: Is The $5 Target Possible In 2024?
Sui (SUI) is one of the top crypto coins in the market, hitting a new ATH of $4.93 on December 16. However, the market setback has triggered a correction which has seen the altcoin set support at the $4.50 mark. Based on CoinMarketCap data, Sui’s price dropped by 5% in the past week.
This recent bearish move shows the bulls are facing a huge task of pushing the altcoin above the $5 mark. Despite this setback, crypto analyst on X, Natalie Dormer remains optimistic about Sui’s future. While observing Sui oscillator curves, Dormer believes altcoin season is close; therefore, there is a chance that whales will accumulate top crypto coins like Sui.
When this happens, Dormer believes Sui could hit $5 and then $10. Meanwhile, over 20 Sui market indicators are green as market sentiment remains bullish. If Sui crypto passes the $4.61 and $4.89 resistance zones, $5 will be attainable this month, with a high possibility of surpassing the $10 mark in 2025.
Elluminex: The Top DeFi Protocol With Cross-Chain Liquidity Solutions
Despite the massive potential of the DeFi ecosystem, it has yet to resolve issues related to fragmented liquidity, high transaction fees, complex interfaces, etc. These are issues that Elluminex (ELX) is planning to solve. By launching a new DeFi hub in the TON blockchain, Elluminex is bringing DeFi to the over 950M active users in the ecosystem.
The new DeFi protocol is built to offer an unparalleled and seamless trading experience to people. The Elluminex DEX is designed to allow users to trade various assets from their wallets, ensuring a high level of transparency and security. Also, users will benefit from the cross-chain bridge, allowing seamless transfer between blockchains.
Given the advanced trading features such as the AI-powered portfolio tracker, users will be able to make informed decisions, execute trades efficiently, and make profits. Users will also be opportune to have early access to new TON projects before listing, giving them the opportunity to join lucrative projects and triple their investment before it grows.
With a priority on DeFi education, users can harness the opportunity the new academy is presenting and enhance their understanding of the DeFi landscape. Elluminex also allows for farming and staking, giving users the chance to earn rewards by staking ELX tokens and providing liquidity to the ecosystem. With the limited 350M total supply, the ELX price is tipped to outshine giants like Bitcoin in 2025.
Which Coins Could Surpass Bitcoin By 2025?
Despite the recent pullback, market watchers see Bitcoin’s price moving higher in 2025. However, Sui isn’t a pushover as it continues to show strength in the market despite volatility. Meanwhile, Elluminex looks set to be the biggest competitor to Bitcoin given the fantastic features it is developing in the TON network. With the limited supply and the deflationary mechanism, ELX will break records in 2025, making it one of the top cryptos to watch out for in the coming months.
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://en.bitcoinsistemi.com/esui-sui-and-elluminex-elx-why-they-will-outshine-bitcoin-btc-in-2025/