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Shiba Inu Price Prediction: Why SHIB Holders Are Buying This Viral New Altcoin Elluminex (ELX)

Only a few top meme coins have gotten as much attention as Shiba Inu (SHIB) has done since the start of the bull cycle. While this can be attributed to various factors including its recent price breakout above the $0.000030 resistance level, the most outstanding among them is the similarity between 2021 and current year seasonal chart which suggests a possible parabolic rally.

However, Shiba inu is not the only token in the spotlight with a potential for exponential price surge. Another fast-rising presale token– Elluminex (ELX) has also caught the attention of many for a similar reason. The DeFi protocol leverages cross-chain interoperability in enhancing DeFi liquidity, ultimately solving liquidity fragmentation problems across the DeFi market.

Elluminex’s Cross-Chain Liquidity Solution Takes Center Stage

For years, the DeFi market has been plagued with liquidity problems, which many DeFi protocols have attempted to resolve. In its own case, Elluminex (ELX) aims to solve these existing challenges via a unified DeFi hub on the TON blockchain. The new DeFi protocol particularly tackles major problems inherent in fragmented liquidity, high fees, complex interface, and limited accessibility to early-stage investment opportunities. 

Essentially, Elluminex connects isolated blockchains in order to offer a level of liquidity that is hard to match by other platforms, thereby providing a broad range of lucrative opportunities for users. While it primarily caters to users on the TON network, it offers them access to a broad array of assets with deep liquidity. This ultimately provides a platform for users to trade seamlessly with little or no slippage and higher profitability.

Meanwhile, aside from solving liquidity problems, Elluminex also features a DeFi Academy that aims to eliminate DeFi illiteracy within the DeFi ecosystem. Likewise, users can take advantage of the AI-powered Portfolio Tracker which can be used to properly manage crypto portfolios. These, coupled with advanced trading features and a robust token burn mechanism have served as a catalyst to Elluminex’s growth so far.

Shiba Inu Price Attracts Bullish Sentiment Despite Struggle Below Resistance Level

The popular cat-themed meme coin, Shiba Inu (SHIB) has continued to attract positive sentiment from the crypto market despite a noticeable struggle below the $0.000030 resistance level. This positive outlook for SHIB token stems from its seasonal chart where the current year price trajectory shares a lot of similarities with that of 2021.

As observed on TradingView, the SHIB price pattern has reached its first noticeable correction when compared to that of 2021. And if that’s anything to serve as a guide, SHIB price may soon witness another meteoric rise from a current weekly range of $0.00002462 and $0.00003294 to register an additional 200% increase.

To further corroborate this stance, the popular crypto channel Alpha Crypto signal claimed that the SHIB price trajectory is looking quite interesting despite the recent market-wide dump. Their analysis suggests that SHIB’s horizontal support level is holding strong, and could serve as a solid foundation for another upward momentum.

Can Elluminex Outperform Shiba Inu Anytime Soon?

While Shiba Inu has established itself as a top altcoin in the crypto market, especially with the recent launch of Shibarium, it still has a long way to go in terms of offering real utility and use cases. 

In contrast, Elluminex is solving a major problem plaguing the DeFi market which further explains the growing interest in its presale launch. If it is able to sustain this positive sentiment, Elluminex stands a chance to outperform Shiba Inu and several other top altcoins as early as 2025.

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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