Last year saw some major moves in crypto. While Bitcoin was driving momentum in the market, the subsequent rally pushed some coins even higher. Among them was Pepe, which saw a spectacular performance last year.
This year, the markets will see some new winners. One potential pick for 2025 is a TON-based token Elluminex. This DeFi token aims to leverage Telegram’s vast user base to help TON challenge Cardano.
Pepe Outperforms Bitcoin In Outstanding Year
Memecoin Pepe has had a spectacular year, taking full advantage of several market rallies. Thanks to major exchange listings, the token achieved great performance. Year over year, Pepe was up 1321.00%, reaching its current price of $0.00001607. During the same period, Bitcoin rose 154.85%, to $106,092.
There were many reasons for this rally, including the broader market sentiment. However, Pepe also saw some developments that set it apart from the rest. For one, the token won listings on multiple major exchanges. Just at the right moment, Coinbase and Robinhood listed Pepe, fuelling its momentum. This has compounded the general market excitement since the start of the November rally.
Still, in 2025, Pepe is facing some new challenges. Most recently, it had lost third place in crypto rankings to a new entrant. The launch of the Official Trump (TRUMP) token by President Donald Trump caught traders by surprise. The TRUMP token quickly attained $10 billion in valuation, taking third place from Pepe.
Cardano Rebounds After Years Of Slow Growth
Just months ago, the narrative for Cardano (ADA) was not great. Since its ATH in 2021, Cardano has been steadily declining. However, its recent bull market broke the trend, giving traders hope. Since November, Cardano went from $0.33 to a multi-year high of $1.23.
Currently, ADA trades at $1.01, with market sentiment pointing in a positive direction. Weekly technicals for Cardano are bullish, especially the momentum indicators. Key moving averages are almost all below its currency price, suggesting positive momentum.
This performance is due to the expectations of regulatory changes in the US. With a crypto-friendly administration in office, Cardano is set to benefit. However, the project also has significant challenges. For one, traders are continuously concerned about the slow pace at which Cardano develops. This means that it is exposed to challenges.
Elluminex Set To Help TON Topple Cardano
While Cardano develops at its own pace, other blockchains are rapidly expanding. Last year, TON was the fastest-growing blockchain, with its TVL increasing 800%. The network is rapidly expanding thanks to its integration with Telegram, major partnerships, and a dynamic team.
Most recently, Elluminex (ELX) joined TON’s ecosystem, set to put its growth into overdrive. This decentralized exchange (DEX) and DeFi hub could bring TON much-needed liquidity. Elluminex is building cross-chain bridges connecting 40 major chains, for efficient token swaps. This way, it will connect TON to most major chains, sharing liquidity between them.
This reduces slippage, crucial for profitable trading. However, access to more liquidity will also help stabilize asset prices on TON. This would make TON more attractive for investors, potentially making it the key DEFi hub. Thanks to Elluminex, TON is on the path to challenge and even surpass Cardano.
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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