Solana Price Prediction: Can SOL Hit $250? SOL Holders Seen Buying Elluminex

After the Solana token impressed the crypto market with a significant rise, hitting an ATH of $263. However, its price has consolidated to lower levels below $210.

Due to this significant price dip, market players are doubting Solana’s potential to hit $250 before the end of the year.

As Solana price prediction for the end of the year breeds uncertainty, another presale gem, Elluminex (ELX), is positioned as a top DeFi coin poised for exponential growth. Owing to its unique positioning on TON’s network and its robust DeFi features, Solana (SOL) holders are eyeing this network as some are jumping to partake in its presale.

Solana (SOL) has particularly held a positive trajectory since the start of the bull market but its price movement has slowly declined. The Solana token now holds in a weekly range between $203 and $234, while reflecting a 21% drop below its ATH. This dip has further expanded into a 9% drop in the past week and over 13% in the past month.

Considering this significant decrease in price momentum, the confidence for Solana price to hit $250 before the year ends has dwindled. However, considering its current bearish pressure, there are speculations that it could potentially resume a bullish rise by next year, once the bull cycle picks up pace.

Analytic takes from AltcoinGordon, sighted that Solana is resting on extremely strong support. The popular analyst further hinted Solana’s price has an obvious price target of $420 to meet up with next year. Another analyst, Crypto Bravadop, just recently sighted that Solana is currently outperforming all other chains in terms of fee generation, adding that this could propel SOL price to an estimated range between $320 and $350.

Elluminex (ELX) is already in the spotlight with top trending altcoins at the moment as some Solana holders and digital asset holders from other DeFi projects are eyeing the altcoin. Given its upcoming presale which has also generated excitement, the platform is primed to become a game-changer in the DeFi market, particularly through its innovative approach to the development of the TON blockchain.

However, it comes with its distinct features. The platform boasts a standout ecosystem that houses advanced trading tools, a multi-chain DEX, cross-chain compatibility, and AI-driven portfolio management. But these are not all, Elluminex also grants users pre-market access to TON tokens, giving speculators a significant edge in top low-cap gems early.

Meanwhile, the current bullish sentiment surrounding its presale is further fueled by its plan to solve some of DeFi’s issues like liquidity fragmentation and high transaction fees. As such, investing in the Elluminex token, $ELX, positions traders holding for a monumental rise. This native ELX token adopts a burn mechanism that is designed to increase scarcity and long-term value.

Elluminex has made sure to integrate its network with farming and staking models to stimulate consistent engagement on its networks. As this strengthens the interest of several other tradersto earn more ELX tokens, both passively and actively, its network is bound to grow monumentally.

Coupled with this, Elluminex also offers an education hub for the purpose of transforming its users into DeFi literates. Due to the advantages it will get from its foundation blockchain, TON, Elluminex could outpace competing platforms, thereby maintaining its status as a top DeFi coin for investment.

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

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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