Solana has surpassed Ethereum in stablecoin activity, showcasing the SOL token’s growing influence within the crypto ecosystem. Despite its recent dip, which has seen the Solana price shake off by over 6% in just a week, its momentum remains significant. Ton, on the other hand, has flashed signs of a possible surge. The market signals suggest a potential rebound in the price of Toncoin, with the normalized risk metric indicating a market bottom, which is a level linked to price increases.

In August 2024, Toncoin surged from $5.3 to $6.8 after recording a similar metric. Meanwhile, Elluminex (ELX) could soon take the crypto market by storm with its comprehensive DeFi ecosystem set to rival established platforms like Solana. Its unique capabilities have already attracted over $300K in presale funding in just stage one of its presale, with the ELX token selling at just $0.06. Here is why Elluminex could rival the likes of SOL, pushing the TON blockchain to new highs.

Solana Price Analysis: Solana Surpasses Ethereum In Stablecoin Activity, Which Could Trigger A Price Rally

The Solana price has faced a sharp dip over the week but has retained a monthly rally of over 22%. The dip followed Bitcoin’s dip below the $100K region, a move that saw most of the altcoins also stumble. Solana also managed to overtake Ethereum in stablecoin supply growth, marking a significant shift within the crypto market.

Data from Artemis shows Solana leading with a monthly net supply rally of around $5.3B, surpassing Ethereum’s $4.2B growth. The surge points to increasing confidence in Solana’s blockchain, known for its speed and lower transaction fees. The trend also suggests traders and DeFi users are now favoring SOL for stablecoin transactions. Other chains, including TON and Base, showed impressive supply growth as Tron and Arbitrum declined.

While Solana’s price has fallen below its key $250 resistance level to test support above the $230 level, this new development could help it regain a bullish outlook. The RSI at 52 also points to building upward momentum supported by the MACD level of 11.76. A Solana price rally could see the token retest the $250 region with the potential for a $300 breakout.

Analyzing TON Coin’s Imminent Rally: Can TON Hit $6?

Toncoins’ partnership with Telegram continues to boost the blockchain’s market position. Telegram has made TON the exclusive blockchain for its mini apps’ ecosystem. This move will exclusively allow Toncoin to reach over 950M global users, increase adoption, and strengthen Toncoin’s partnership with Telegram while boosting the blockchain’s market position.

However, Toncoin’s price action indicates a consolidation phase within a pennant flag pattern. Support lies at $4.50, with $5.30 as a key resistance level. According to historical data, if the price of Toncoin breaks above $5.30, a rally towards $6.00 could be possible.

Moreover, on-chain data suggests a drop in active addresses, but Telegram’s integration could reverse this trend. The drop in zero-balance addresses indicates consolidation, which might provide price stability. This makes Toncoin perfectly positioned for a price breakout. With strong ecosystem growth, the launch of Elluminex, and positive technical indicators, the price of TON could hit the $6 target in the coming weeks.

Why Elluminex Could Be One Of The Hottest DeFi Platforms In 2025

Toncoin is currently considered one of the fastest-growing Layer-1 blockchains on the market. It boasts a successful gaming platform that interfaces with Telegram and over 950M active users. However, despite its growing adoption and essential updates, the TON blockchain still lacks a unified DeFi solution that will channel this incredible potential. Elluminex seeks to change this by providing the TON ecosystem with the needed tools to compete against other Layer-1s, including Solana and Ethereum.

One significant hurdle hindering DeFi from working at full capacity is the fragmentation of liquidity across blockchains, which already face considerable difficulties when interfacing with one another. Elluminex aims to solve this with its revolutionary cross-chain bridge, which allows users to seamlessly transfer and trade assets between major blockchains with minimal slippage.

Elluminex will also feature an AI-powered portfolio tracker with built-in analytic tools for an all-rounded investing experience to ensure users benefit from reliable information. These features are set to contribute significantly to the ELX token and the project’s significant growth. Stage one continues to attract major players with a low-price entry of just $0.06, which is set to rally to $0.08 in stage two.

Elluminex Presale Could Be The Millionaire – Maker Of 2025

The SOL token is looking to regain a bullish outlook after surpassing Ethereum in stablecoin activity. The surge could see the price of Solana reclaim the $250 mark as it aims for the $300 target. Toncoin is also looking to record an uptrend momentum following the Telegram partnership, which could push it to the $6 target. Similarly, Elluminex has the best potential for growth in 2025 compared to Solana. Each dollar invested in the project could multiply significantly and bring in generational gains once the bull market reaches its full potential.

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

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