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As crypto analyst Ali forecasts DOGE at $15, Elluminex emerges as a potential catalyst for the Toncoin blockchain.
Dogecoin (DOGE) is in the spotlight again as renewed whale activity sparks speculation of a significant surge. The leading meme coin touched $0.373 before settling below the $0.36 level.
This recent bullish momentum can be attributed to discussions about the likelihood of Dogecoin joining other digital assets proposed for ETFs. Per popular crypto analyst Ali Charts, Dogecoin’s price could rise to $15 if the DOGE ETF is approved.
Meanwhile, Elluminex (ELX) is poised to transform the untapped Toncoin (TON) network, much like Uniswap revolutionized Ethereum by making DeFi trading accessible, seamless, and widely adopted. Elluminex is ready to solve critical challenges, drive adoption, and elevate the TON blockchain to new heights.
DOGE’s price potential to reach $15 this cycle
Discussions are emerging that Bitwise has reportedly registered a legal entity for a Dogecoin ETF, which has created speculations of an imminent filing with the U.S. SEC. This bullish DOGE news has boosted the value of the leading meme coin, which briefly touched $0.373 before reverting below the $0.36 level. It has also led to a slight increase in Dogecoin whale accumulation, improving sentiment.
To add to the excitement, the Dogecoin icon has been displayed on the newly formed U.S. Department of Government Efficiency website. As such, technical analysts came up with possible price forecasts for Dogecoin.
Popular crypto analyst Ali Charts made an ambitious forecast, indicating that the DOGE price could go parabolic towards $15 if a Dogecoin ETF is approved. Market participants believe a Dogecoin ETF would increase institutional adoption and offer retail investors more straightforward access to the meme token.
Toncoin revisits key $5 level
Toncoin’s price action reflects a corrective structure marked by a descending channel since its peak of $8.30 in June last year. The daily chart indicates the price has stabilized in the green demand zone, between the $4.50 and $5.10 levels, aligning with the 0.5-0.618 Fibonacci retracement levels.
This area has become critical support for the downtrend and may catalyze a reversal. At its previous rally, TON peaked at a lower high of $7.17 before it slipped to this demand zone again. On Jan 20, the TON price retested its lower boundary of $4.71, confirming buyers’ interest in this zone. A descending trendline continued suppressing the upward movement, with the price testing its dynamic resistance at $5.17.
A break above the trendline could confirm the start of an impulsive wave. Its RSI has rebounded from oversold territory, highlighting renewed bullish momentum. However, sustained buying interest must be maintained to uphold this trajectory.
The next significant resistance lies at the $6.00 and $6.91 levels. If confirmed, an extended rally could see prices revisiting $7.83, its previous peak. Failing to break above this resistance could lead to a retest of the $5.10-$4.50 demand, where the bulls will likely re-enter.
Elluminex set to transform TON blockchain
Elluminex has the potential to drive significant traffic to the TON ecosystem by bolstering its network reputation and enhancing utility in the ever-evolving DeFi landscape. It is also ready to claim a substantial share of the broader DeFi market by leveraging its advanced cross-chain bridge. Traditional single-chain DeFi platforms often suffer from poor interoperability between blockchains, leading to fragmented liquidity, high gas fees, slippage, longer transaction times, and missed opportunities.
While platforms have attempted to address these challenges, none have fully succeeded. However, Elluminex introduces a seamless framework to tackle these challenges head-on and enable fast, secure, and cost-efficient transactions across all major blockchains. There are no intermediaries, so Elluminex users will retain complete control. In addition to cross-chain bridging, Elluminex has integrated the platform with farming, staking, and pre-market access.
Users can earn rewards while contributing to the platform’s liquidity. This strategy has reduced sell-offs and created a loyal community, stabilizing the ELX token. Meanwhile, its academy aims to raise awareness regarding DeFi’s untapped potential, offering inclusive and educational awareness for users and investors alike.
Much like Uniswap, which turned Ethereum into the beating heart of DeFi, Elluminex is about to do it for the TON network. Currently, Elluminex is available in presale at $0.06.
Elluminex attracts DOGE and TON investors
While Toncoin and Dogecoin continue to aim for new highs, the Elluminex presale is picking up steam. With its transformative features and focus on accessibility, Elluminex has the potential to deliver substantial returns and become a key player in the DeFi market in 2025.
For more information about Elluminex, visit the website, X, or Telegram.
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