This Shiba Inu (SHIB) Rival Is Quickly Making A Name For Itself, The Next Pepe Coin (PEPE)?

Shiba Inu (SHIB) proved that meme coins can move from jokes to juggernauts. Now, a new contender is emerging with whispers of becoming “the next big thing.”

Could this rival steal the spotlight and ride the wave of success like Pepe Coin (PEPE)? With hype building and early adopters buzzing, it’s time to look closely at what makes  Elluminex the talk of the crypto town.

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SHIB Aims For A 50% Surge

For good reasons, SHIB is a top player in the meme coin field. In October 2024, Shiba Inu announced a partnership with Mass Finance to enhance its financial infrastructure using AI-driven solutions. This collaboration simplifies operations within the SHIB ecosystem, potentially increasing its utility and adoption.

Additionally, SHIB’s burn rate surged by 2200% in November 2024, indicating a significant reduction in token supply. SHIB has broken through key resistance levels and reclaimed important support areas, suggesting a potential for further upward movement. 

Crypto gurus predict that SHIB could experience a 50% increase, targeting the $0.0000300 resistance level. 

PEPE Outperforms SHIB

Pepe Coin has made significant strides in the cryptocurrency market, sometimes surpassing Shiba Inu in key performance metrics. In November 2024, PEPE’s trading volume reached $5.38 billion, higher than SHIB’s $1.40 billion during the same period. This surge in trading activity was accompanied by a monthly price increase of 116.21% for PEPE, compared to SHIB’s 39.93% rise. 

However, the dynamic nature of the meme coin market has led to shifts in buyers’ interest. Recently, holders of PEPE have been transitioning to new meme coins, highlighting the rapidly evolving landscape of meme coins, where new entrants continually emerge.

Beyond the buzz of meme coins, DeFi-focused projects like Elluminex are shadowing the popularity of SHIB and PEPE with their practical utility and innovative features.

Elluminex To Rival SHIB

While SHIB and PEPE have gained popularity primarily through community-driven hype and meme culture, Elluminex differentiates itself by offering substantial utility through its comprehensive DeFi services.

Elluminex (ELX) is an emerging decentralized finance (DeFi) platform built on the TON blockchain. It aims to address key challenges in this niche. How?

Firstly, Elluminex enables users to transfer assets across more than 40 blockchain networks, enhancing liquidity and providing access to a broader range of trading opportunities. It features a decentralized exchange (DEX) that offers low slippage.

Secondly, the platform offers an over-the-counter (OTC) feature. This grants users early access to new TON-based projects before officially being listed on exchanges.

Thirdly, Elluminex includes an AI-driven portfolio tracker that helps users monitor their assets across blockchains, providing real-time analytics and insights to inform investment decisions. 

Moreover, the ELX token serves as the native utility token of the Elluminex ecosystem, facilitating various operations such as transaction fees, governance participation, and rewards through staking and farming. 

Users can stake ELX tokens to earn competitive annual percentage yields (APYs) and participate in yield farming by providing liquidity to various projects within the ecosystem.  

Additionally, the tokenomics reveal ELX’s steady growth path. The total supply is capped at 350 million tokens, with 50% allocated for presale, 20% for ecosystem development, and the remainder distributed among marketing, liquidity, team, and buyback reserves.

Those who buy the ELX token now are in for substantial gains as the platform rolls out.

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

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.