Altcoins Surge: SUI, PEPE, and Elluminex (ELX) Ride US President's DeFi Wave

The cryptocurrency market is abuzz with excitement as traders snap up undervalued altcoins in anticipation of a massive bull wave in 2025, driven by the new US president's promotion of decentralized finance and reduced regulatory pressure. Among the altcoins gaining traction are SUI, PEPE, and the emerging project in presale, Elluminex (ELX).

SUI, after an extended cup-and-handle pattern, broke out of the $2.16 resistance level on 6 November 2024, sparking a massive rally. Although the price has since pulled back and dropped below the lower trendline of the uptrend channel, its daily trading volume has increased by 54%. Despite the decline, SUI remains just 17.86% below its all-time high (ATH) and may reverse to continue the uptrend.

PEPE, on the other hand, gained over 250% within a month but lost demand after reaching the $0.000028 price level. The price has since consolidated between the $0.0000165 support and $0.000021840 resistance levels for over a month. PEPE has plunged below this range and is currently trading at $0.00001548 after a 3.4% intraday surge. The MACD oscillator is declining fast, indicating increasing bearish pressure, and the RSI is 39, suggesting PEPE is moving towards the underbought region.

Elluminex (ELX), an early-stage project dubbed the next DeFi leader, aims to become the first comprehensive DeFi hub on the TON blockchain. The platform will provide users with an all-in-one DeFi experience, allowing them to easily trade, stake, farm, bridge, and track their portfolios from a single point of contact. The core component of this DeFi hub will be the Elluminex DEX, integrated with a cross-chain bridge, ensuring lightning-fast transactions, low slippage, and consistent prices even during high network activity. The native token, ELX, is currently valued at $0.06 in the presale and is expected to surge to $0.08 in the next stage, presenting an excellent opportunity for early investors to capture enormous returns as the project grows.