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Solana, Uniswap, and Elluminex remain undervalued, with Elluminex poised to tap into a 1 billion-user market.
While many top crypto coins have skyrocketed in value in this bull market, there are a handful that have remained at attractive prices. According to speculators, Solana (SOL), Uniswap (UNI), and Elluminex (ELX) are some underpriced cryptos that could explode soon.
While many speculators believe SOL could rally to $1,000 soon, UNI could retest $50 over the next few weeks. However, savvy market participants have identified ELX as the best cryptocurrency to buy now as it looks to tap a market with around 1 billion users.
Solana consolidates, forming a bullish cup-and-handle pattern
Since Solana skyrocketed to $264 for its all-time high on November 23 last year, the momentum behind the altcoin has dropped off. CoinMarketCap’s data shows that the Solana crypto has consolidated between $200 and $240 throughout December 2024.
However, technical analyses from both Ali Martinez and CryptoBoss show that a cup and handle pattern has been formed on the 1m Solana price chart. The CryptoBoss believes that SOL could hit $400 by end of January 2025 because of this long-term bullish continuation pattern.
Martinez has set an even higher target for the Solana coin. The technical analyst believes that SOL is more undervalued and could pump to $4,013 if this pattern plays out completely. A rally from its current range to $4,013 represents an increase of over 1,860%, making Solana one of the best altcoins to buy now.
Uniswap is ready to retest its all-time high
Despite Uniswap’s reputation and massive share in the DEX market, its performance in the bull market does not reflect its capabilities. The Uniswap crypto is still trading 61% lower than its all-time high of $45, per data from CoinMarketCap.
Due to months of consolidation, market speculators now believe UNI is cheap and could record a huge pump. The Uniswap price chart shared by Crypto Tigers shows that UNI has broken out and retested its area of consolidation, prepping the altcoin price for a bounce toward $50.
Cryptobud believes that this could happen in 2025, saying that Uniswap is ready to attack its ATH. According to Cryptobud, the upcoming 2025 launch of Unichain, which will process faster transactions, is one of the reasons the Uniswap token will rally.
He also explained that there has been an increase in trading volume on the DEX in anticipation of favorable government regulations in 2025.
Elluminex looks set for an explosive 2025 rally
Ethereum has Uniswap, BNB has PancakeSwap, Solana has Jupiter, and now Toncoin has Elluminex. DeFi market speculators believe Elluminex could be the next phenomenon in the market because of the huge impact it could have on the future of DeFi even beyond the Toncoin network.
Unlike other top DeFi projects, Elluminex is a DeFi hub with several products designed to unlock the full potential of DeFi on the fastest-growing blockchain platform, TON. There is a next-gen cross-chain platform that will improve the interoperability of the Toncoin blockchain. This opens up traders to diverse trading and maximizes asset utility across multiple chains.
In Conclusion
The current bull market might be at its peak, but there are still several opportunities out there. Traders looking to double their portfolio could look to buy into Solana and Uniswap. However, savvy market participants looking for a once-in-a-lifetime opportunity, are buying into the Elluminex vision.
To learn more about Elluminex, visit the website, Twitter and Telegram.
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