The cryptocurrency market continues to develop, with analysts closely watching leading projects. This article explores price dynamics of Solana and Ethereum, as well as prospects of the new Elluminex project.
Solana: Rising and Consolidating
Since the bull market began in November, Solana (SOL) reached a new ATH at $263, showing a 100% rise. Currently, the token's price consolidates between $203 and $234, 19.7% below its peak. Analysts suggest Solana could hit a target price of $750 in the future.
Ethereum: On the Path to $5,000
Ethereum (ETH) has slowly consolidated, achieving $4,000 for the first time in five months. Analysts believe its next targets could be $5,000 and even $7,000. However, the current price remains below a weekly resistance of $3,909.
Elluminex: New DeFi Project on TON
The new Elluminex (ELX) project, based on the TON blockchain, is gearing up for its presale. It has gained recognition for its all-in-one DeFi platform. Key features include cross-chain bridging and trading tools on the TON blockchain.
The DeFi space could change significantly in the future. Leading cryptocurrencies set trends, while new projects like Elluminex could markedly shift the market landscape.
