XRP has been in the news for all the right and wrong reasons lately until now when President Donald Trump announced XRP would form part of the U.S. Strategic Crypto Reserve. The blockchain is known for its fast, cheap cross-border transactions and tie-ups with at least 100 banks and financial institutions. Ripple, XRP’s parent company, faced a legal lawsuit from the SEC for selling unregistered securities in 2020. In 2024, XRP might see an ETF coming soon.
However, XRP is now facing major price action and upward growth levels. On the other hand, Elluminex, a DeFi platform meant to establish new income streams on the TON blockchain, is gaining relevance in light of Ethereum’s dwindling infrastructure.
Will XRP Be Able To Retain Its Lost Glory
Earlier in February, XRP’s on-chain metrics saw a major reversal in terms of payment volume and the number of active addresses. February saw the payments network volume spike considerably and then fall flat by almost 50%, causing panic among XRP buyers. The number of active addresses has also seen a decline.
Source: TradingVIew
The decline in on-chain activity indicated a lack of investor confidence. This is one of the main reasons XRP was losing momentum. Following the U.S. Strategic Crypto Reserve announcement XRP is now up 32.5% in the last 24 hours. XRP has now broken above key support levels and is marking an upward recovery.
Elluminex: The All-In-One DeFi Ecosystem on the TON Blockchain
TON blockchain is the most promising blockchain today in terms of the number of users, the relevance of use cases, and a number of active applications. Telegram miniapps have given an altogether new perspective to the blockchain, bringing it in league with Bitcoin, Ethereum, and Solana. However, TON’s applications are islands with no interactions between themselves or with cross-chain dApps.
Elluminex is seeking to explore the unexplored with its state-of-the-art DeFi machinery, innovative tokenomics, and decentralized community governance. Elluminex is an all-in-one DeFi platform native to the TON blockchain and Ethereum and with plans to extend its capabilities to other blockchains. It seeks to integrate DeFi capabilities on the TON network and pool liquidity from 950 billion users across 2 billion recorded transactions to date.
Among its suite of services, Elluminex brings a DEX with multi-chain capabilities, low slippage, negligible fees of 0.2%, and high liquidity. Its AI portfolio tracker and educational resources will help investors keep track of their knowledge and portfolio together. It also has a cross-chain bridge for seamless token transfers.
Why Investing in Elluminex’s Presale Is Your Golden Chance?
Elluminex’s future roadmap includes talks of global expansion beyond chains and niches. If you want to become a part of the platform, you can invest in its presale live on the Elluminex website. Keeping in view the decentralized community governance model, 50% of the $ELX tokens are set aside for presale alone. The platform is audited by SolidProof.
Take this chance to become a part of the revolution. Elluminex is here to fix fragmentation and siloes in DeFi, beginning with TON. Just like UniSwap’s success paralleled Ethereum’s growth, TON would witness the next biggest surge led by Elluminex’s launch!
Join the community and make Elluminex part of your portfolio today!
Website: elluminex.com/
X (Twitter): https://x.com/elluminex
Telegram: https://t.me/Elluminex
YouTube: https://www.youtube.com/@Elluminex
