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Solana, Uniswap, and Elluminex are still undervalued, with Elluminex poised to enter the 1 billion user market.
While many major crypto coins have increased in value in this bull market, there are a handful that have remained at attractive prices. According to speculators, Solana (Sun)Uniswap (UNI), and Elluminex (ELX) are some priceless cryptos that may explode soon.
While many speculators believe SOL could rally to $1,000 soon, UNI could retest $50 over the next few weeks. However, astute market participants have identified ELX as the best cryptocurrency to buy now as they look to tap into a market with around 1 billion users.
Solana consolidates, forming a bullish cup-and-handle pattern
Since Solana went up to $264 for an all-time high on November 23 last year, the momentum behind the altcoin has fallen. CoinMarketCap data shows that the Solana crypto has consolidated between $200 and $240 through December 2024.
However, technical analyzes from both Ali Martinez and CryptoBoss show that a cup and handle pattern has formed on the 1m Solana price chart. The CryptoBoss believes that SOL could hit $400 by the end of January 2025 due to this long-term continuation pattern.
Martinez has set an even higher target for Solana's medal. The technical analysis believes that SOL is overvalued 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 poised to reconfirm its all-time high
Despite Uniswap's reputation and large share in the DEX market, its performance in the bull market does not reflect its capabilities. The Uniswap crypto is still trading 61% below its all-time high of $45, according to data from CoinMarketCap.
Due to months of consolidation, market speculators now believe that UNI is cheap and could record a big pump. The Uniswap a price chart shared by Crypto Tigers shows that UNI has broken out and reconfirmed its consolidation zone, preparing the altcoin price for a bounce towards $50.
Cryptobud believes that this could happen in 2025, saying that Uniswap is ready to attack its NEXT. According to Cryptobud, the upcoming 2025 release of Unichain, which will process transactions faster, is one of the reasons why the Uniswap token is rallying.
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 poised for an explosive 2025 rally
Ethereum has Uniswap, BNB has PancakeSwap, Solana has Jupiter, and now Toncoin has Elluminex. DeFi market speculators believe that Elluminex could be the next thing in the market because of the huge impact it could have on the future of DeFi even beyond the Toncoin network.
Unlike other major DeFi projects, Elluminex is a DeFi hub with multiple 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 improves Toncoin blockchain interoperability. This opens up traders to diverse trading and increases asset availability across multiple chains.
In Conclusion
The current bull market may be at its peak, but there are still plenty of opportunities. Traders looking to double their portfolio could look to buy into Solana and Uniswap. However, there are astute market participants looking for a once-in-a-lifetime opportunity, buying into Elluminex's vision.
To learn more about Elluminex, visit the website, Twitter and Telegram.
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