The latest crypto rally has attracted the attention of the mainstream media, which frantically started covering the rally. Media interest is compounded by the fact that the rally is connected to the latest political developments in the US.
Still, for those watching just the mainstream media, it seems that Bitcoin is the only crypto asset making moves. While the Bitcoin rally to its all-time high was impressive, there are many other interesting tokens. Among these, Avalanche, TON and Elluminex (ELX) are those with the most potential.
Avalanche Sees Major Improvements
One of the tokens that may be set for significant gains is Avalanche (AVAX). Despite relatively underwhelming performance in recent months, Avalanche has been busy. Namely, over the last year, Avalanche was up just 25.14%, to its current price of $35.08. However, the latest improvements put it in a position for a potential breakout.
Recently, Avalanche has unveiled a major upgrade, Avalanche9000. The latest upgrade will significantly improve the scalability of the network, and make launching subnets easier. Thanks to these improvements, traders expect an increase in activity on the chain.
Moreover, Avalanche recently teased that they were in talks with the incoming Donald Trump administration. The AVA Labs CEO hinted about the talks but did not reveal much. Instead, he claimed that the project would reveal results.
TON Takes Advantage of Crypto-Friendly US
Major developments in the US are also a great opportunity for Toncoin (TON). Recently, TON saw significant gains and is setting itself up for further expansion, especially in the US.
Year over year, TON is up 141.70%, reaching its current price of $5.08. With momentum on its side, traders believe it could soon surpass its June ATH of $8.24. A part of TON’s strategy to achieve further gains is its expansion into the US market.
The company recently introduced Manuel Stotz, its new president that will make US expansion his priority. The US is by far the largest market for crypto, both in terms of investments and consumer products. What is more, thanks to its integration with Telegram, TON is in a great position to take advantage of this market.
This latest push for expansion comes after TON already saw major gains in 2024. Last year, TON’s total value locked (TVL) rose a staggering 800%. Daily active wallet counts saw an even more impressive performance, rising 3380%, and network transactions also hit ATHs.
Elluminex Fixes TON’s Biggest Challenge
Despite TON’s significant performance, the network also faces some roadblocks. For one, its DeFi ecosystem is still relatively small, trailing most other major networks. What is more, it still lacks a dedicated DeFi hub for trading. This is what Elluminex (ELX) hopes to solve.
Elluminex is a TON-based DEX that aims to bring much-needed liquidity to the network through an innovative strategy. Namely, Elluminex will leverage a network of cross-chain bridges, facilitating token swaps. This will enable TON to tap into the liquidity of much larger chains.
The added liquidity will reduce slippage, stabilize asset prices, and increase investor confidence. All these effects will significantly boost TON’s attractiveness for traders, bridging in more capital. Even more critically, TON will be able to leverage its access to Telegram’s hundreds of millions of users more effectively.
If Elluminex manages to boost TON’s ecosystem, it will position itself as the premier DeFi hub on one of the largest chains out there.
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
