Which Crypto Will Reach The Top In The DeFi World To Join Uniswap?

Uniswap (UNI) has been making waves in the crypto market after recording an impressive rally in November. The UNI token rose by over 160%, driving optimism among market players. However, the last two weeks have seen Uniswap enter a consolidation period, allowing new buyers to enter the market before it breaks out again.

Hedera (HBAR), a well-known decentralized open-source network, announced a strategic partnership with RedSwan CRE. This partnership is expected to expose the masses to the real estate space while increasing the adoption of the HBAR token. Similarly, a unique DeFi project, Elluminex (ELX), is gaining traction before its presale launch. The project aims at utilizing the TON blockchain capabilities to tap into the DeFi market.

Elluminex, An All-Inclusive DeFi Platform

Elluminex stands out as it brings DeFi into the under-explored TON blockchain. The TON network, which is still the fastest-growing blockchain in the world, has the right capabilities, with over 950M active users and massive transactions. Bringing DeFi into Toncoin’s blockchain will help transform it, capitalizing on its capabilities and vast reach. Like Uniswap-enabled projects, Elluminex aims to bring cross-chain bridging solutions to support projects on the Toncoin network access and utilize the available vast liquidity.

Elluminex will be an all-in-one DeFi platform that provides a seamless and unique user experience. The platform will integrate different services, allowing users to trade, bridge, earn, and track assets in a secure yet easy-to-use ecosystem. Besides being a trading platform, Elluminex is an educational platform that will help raise awareness about DeFi’s capabilities and opportunities.

This will allow users to navigate the DeFi space confidently. To improve ease of access and privacy, Elluminex has eliminated KYC verification, allowing users to access the platform by connecting self-custodial wallets. With such features, Elluminex could change the DeFi ecosystem and set new standards in terms of security and scalability.

Uniswap Price Analysis: Will UNI Double Again?

With a daily trading volume of over $700M, Uniswap is quickly becoming a major player within the DeFi hub. As more institutional players diversify their portfolios, UNI’s future seems promising, with the potential of another significant breakout. November saw the UNI token break past a key resistance level of $16.5.

The rally past this technical threshold, which had previously hindered its growth, confirmed a bullish sentiment in the crypto market, fueling optimism for the altcoin’s future. However, the recent correction has seen Uniswap hover above its support region of $14 , providing a solid foundation for the Next Uniswap price movement.

If this support holds, Uniswap’s price will continue to enjoy an uptrend momentum, potentially doubling its value soon. Uniswap’s technical indicators, with the RSI at 50, suggest an easing of selling pressure, supporting a bullish continuation.

Hedera And RedSwan CRE’s Collaboration Brings Tokenized Real Estate To The Masses

According to the announcement, RedSwan CRE will utilize Hedera’s secure network to transform real estate investment through tokenization. With RedSwan CRE, users can own a fraction of a real estate property instead of buying the whole asset. The partnership was achieved owing to Hedera’s capability to streamline the tokenization of digital and physical assets, making them fractional, liquid, and transparent.

The partnership could help Hedera’s price movement by increasing its adoption. This will eventually lead to higher price gains for the digital asset. Hederas’ price, which is trading above the $0.27 region with a monthly surge of over 99%, continues to enjoy a bullish wave following the announcement of the partnership.

If such momentum continues, supported by Hedera technical analysis, then BlockAxis ‘s price prediction for Hedera could be fulfilled in 2025. Looking at the HBAR price trend, ecosystem developments, and technical indicators , Hedera might be on the right path to more price gains.

Can Elluminex Join The Top DeFi’s List?

While Uniswap has already laid a strong foundation in the DeFi ecosystem, Elluminex is looking for a slot at the top of the chain. Given Elluminex’s unique capabilities and features, this could be possible. By leveraging Toncoin’s blockchain, ELX might be on the right path to solving DeFi’s main challenges, positioning it as a strong contender in the DeFi hub.

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