PancakeSwap (CAKE), the largest decentralized exchange on the BNB Smart Chain, has shown its resilience and adaptability in the ever-changing DeFi landscape. Since its launch in 2020, PancakeSwap has been consistently among the top-performing decentralized platforms, providing fast, low-cost trades, staking opportunities, and various financial services through its ever-growing ecosystem.
While Binance has PancakeSwap, the TON blockchain will have Elluminex, which has superior features that could trigger widespread adoption. With nearly 1 billion active users, the potential of the Telegram messaging app, and the iGaming ecosystem, the new DeFi platform will leverage these TON’s capabilities and bring the chain to the next level. Here’s why these four tokens could continue to outperform in the years to come.
Elluminex Unique DeFi Features Set To Boost TON Blockchain
Despite Toncoin being one of the largest layer-1 protocols, its DeFi potential remains unexplored. While Binance has PancakeSwap, Elluminex (ELX) will bring liquidity to the Toncoin network while tapping into the DeFi market, which Forbes projects will be worth more than $450B by 2030. The project is set to take cross-chain interoperability to new levels, bringing isolated blockchains together.
Through its DEX, users will have the easiest time swapping between assets at a faster yet cheaper rate. Elluminex’s multi-chain approach solves a major issue plaguing old-guard decentralized exchanges; fragmented liquidity. With Elluminex, liquidity will be sourced efficiently across different blockchains, ensuring low slippage.
On top of this, Elluminex offers an exclusive AI-powered tracker that will provide users with real-time data and insights. This aims at empowering users to remain updated with the recent market conditions and manage investments effectively. Its educational academy for DeFi learning will also help boost users’ confidence when navigating the DeFi landscape.
BNB Faces $700 Support Test, Bears Threaten $684 Low
After PancakeSwap launched on the BNB Smart Chain, the Binance exchange witnessed widespread adoption, triggering an increase in its native token. However, amid market correction, the bears have taken control and threatened to pull back the price towards its key psychological support. The current dip is due to heightened selling pressure, which resulted in $418 million in liquidations.
Its 4-hour chart highlights a bullish breakout from a triangle pattern. However, the BNB price quickly lost this momentum due to a broader market correction and a shift towards the bearish trend. Notably, after the BNB token failed to surpass the 61.80% Fibonacci level at $739, the price faced four consecutive bearish candles, which resulted in a dip toward the $684 support level. The bullish breakout has been invalidated as the coin retests its levels and breaks through the symmetrical triangle pattern.
Additionally, BNB’s Moving Average Convergence/Divergence and single lines have made a bearish cross, highlighting a trend shift. However, its 4-hour RSI indicates a possibility of a bullish recovery, highlighting a minor divergence. Nonetheless, the overall technical indicators highlight a sell signal potentially towards the $684 level.
PancakeSwap (CAKE): Why It Will Continue To Outperform
Despite the competitive nature of DEXs, PancakeSwap has remained among the top contenders and appears to continue to outperform others for years. The project has boosted a complete DeFi hub, allowing users to swap tokens, stake them in liquidity pools, and earn yield through farming.
The wide range of financial offerings allowing users to earn income in multiple ways has attracted traders and long-term investors. These features have increased CAKE’s valuation exponentially. While the price of CAKE appears to be subdued, its technical indicators and fundamentals showcase that this DeFi heavyweight could be on track for a parabolic rally. Its price has faced an immediate hurdle at the $4.50 resistance level.
A breakout from this point could trigger a rally toward the $5.00 level and beyond. However, the CAKE bulls have formed a strong base at $4.00 in case of a decline. A breach below the $4.00 support level could pull back the token toward the $3.80 level. Its technical indicators, such as the Relative Strength Index (RSI), reflect neutral momentum with a potential for an uptick. With a strong community and innovative ecosystem, PancakeSwap is a strong player in the DeFi market.
Toncoin’s 90-Day Returns Turns Positive
Despite being among the largest Layer-1 protocols, the Toncoin network remains largely unexplored. The TON blockchain bolsters the fastest-growing network with nearly 1 billion active users. In addition, the TON blockchain has tapped into the limitless potential of the Telegram messaging app and the iGaming ecosystem, which are already thriving.
Therefore, as the adoption of these ecosystems grows, so does Toncoin. This has helped TON gain visibility and ground in the broader cryptocurrency market. Toncoin could see even more growth with the upcoming cross-chain bridge platform, Elluminex, which will attract more users seeking efficient and cost-effective DeFi solutions. Aside from its network, its native token has also made headlines recently.
Notably, Toncoin’s 90-day returns turned positive, highlighting signs of recovery. Following a phase of subdued activity, TON price metrics suggest renewed confidence among investors, which could fuel an upward trend. While this is a model figure compared to the 200% gains recorded in its previous rally, it marks a shift that could lead to greater market optimism.
Will Elluminex Potential In The DeFi Market Could Lead To A Toncoin Rally?
Just like PancakeSwap has helped boost Binance’s price movement, Elluminex adoption is set to boost Toncoin’s network performance in 2025. Its unique features, backed by a robust burn mechanism, will create a deflationary token model, which could lead to a value increase with time.
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
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