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Solana is set to register significant gains, backed by Trump’s executive order signing and the potential for Solana ETF approval; Elluminex seeks to mirror Solana’s meme rally.
Crypto analyst Ali Martinez has predicted a Solana ETF approval by March 2025. This is a move that has seen the SOL token record a bullish outlook backed by President Trump’s recent signing of executive orders. With the rising bullish sentiment and an anticipated Solana ETF, can Solana’s recent uptrend momentum push it to $500?
On the other hand, the TON blockchain has already demonstrated its potential through the success of different tap-based games, including Catizen and Notcoin. However, despite its potential, TON still faces usability challenges that could hinder broader adoption. However, Elluminex (ELX) aims to address these challenges by creating a unified DeFi hub tailored to the TON ecosystem.
Solana forecast: Is $500 for SOL on the horizon?
The much-anticipated Solana ETF approval, which Ali Martinez predicts could happen by March, is set to propel Solana’s price movement to new highs. Moreover, the team behind Trump’s meme coin has also increased its holding in Solana, highlighting a surge in the altcoin’s positive influence within the crypto market.
The SOL price has already recorded a weekly rally of over 19% to hover above the $265 level. The simple moving average also suggests increased buying over selling pressure for the altcoin. The RSI, at 68, points to continuous uptrend momentum. If the bullish sentiment holds, the price of Solana could retest its resistance level of $270.
Furthermore, if the positive influence intensifies, the SOL token could head toward an immediate price target of $300 before the month ends while eying the $500 target in the long term. Conversely, if the bears regain momentum, the SOL price might drop toward support at $237.50.
Elluminex to record massive gains in 2025
The DeFi sector has been growing exponentially. However, significant issues still affect this space, including low liquidity distribution efficiency, inconvenient interfaces, restricted access to early-stage investments, and high fees. With Binance’s dominance with PancakeSwap and Solana’s success with Raydium, the TON network has yet to explore the DeFi potential fully.
However, Elluminex is launching the next generation of DeFi on the TON blockchain with an integrated trading, farming, staking bridging, and portfolio management platform. This single DeFi platform will combine a DEX, staking incentives, and first access to presale TON tokens.
Moreover, by addressing liquidity fragmentation and accessibility issues, Elluminex aims to liberate TON’s potential while providing millions of users with a secure, high-speed, and highly scalable platform. These features will also propel the ELX price to new highs, with a current stage one price of $0.06.
Elluminex: Chance for those who missed Solana meme rally
The SOL token is looking to surge above its short-term target of $300 while eying the $500 region backed by Ali Martinez’s prediction of Solana ETF approval by March and President Trump’s recent signing of executive orders. Similarly, Elluminex continues to stand out as a unique DeFi project with the potential to offer significant ROI to holders. Therefore, for those who missed the Solana meme coin rally, Elluminex could be the right ticket to unlocking the growth that might boost their portfolios.
To learn more about Elluminex, visit the website, Twitter, and Telegram.
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