The next DOGE that has the potential to rival XRP in 2025

Amid growing concerns for Dogecoin and XRP, Elluminex emerges as a promising new token with the potential to rival both in the rapidly expanding DeFi market.

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Dogecoin sees volatility after 450% rise
XRP makes big moves on regulatory news
Elluminex set to rival XRP and Dogecoin

In recent months, notable developments have been seen in the crypto markets. Bullish momentum impacted Dogecoin and XRP more than most other tokens. However, in the past few days, several risk factors have also emerged for these assets. In this environment, there is one token that could soon rival both Dogecoin and XRP.

Dogecoin sees volatility after 450% rise
Since the presidential victory in November, Dogecoin has been one of the best performers. The token rose more than 450%, from around $0.1 to a yearly high of $0.48. However, one move by the recently elected President has caused a stir among Dogecoin investors.

The recent launch of the Official Trump meme coin has raised some concerns among investors. The token, launched days before the inauguration, had already attained more than $10 billion in market cap. Critics claim that this move could undermine confidence in the crypto space, raising concerns about conflicts of interest.

Still, Dogecoin has supporters in the current administration. Elon Musk, Dogecoin's biggest backer, will be in charge of the D.O.G.E. agency, which will be responsible for reducing government waste. However, this agency has also been under fire, becoming the target of a lawsuit just minutes after the inauguration.

Recent uncertainty threatens Dogecoin's gains, but despite this, the new crypto-friendly administration will likely boost market sentiment. Moreover, unless Musk has a falling out with Trump, the billionaire will likely continue promoting Dogecoin.

XRP makes big moves on regulatory news
Ripple's XRP was one of the best performers this cycle. Since the presidential election in November, the token also rose 450%, about as much as Dogecoin did. Now, XRP trades at $3.06, making it the third-biggest crypto asset, following only Bitcoin and Ethereum.

The main reason for XRP's spectacular rise was the possible regulatory changes in the US after the election. For one, the hawkish Securities and Exchange Commission (SEC) Chair Gary Gensler is now out of office. This is significant, as the agency led a lawsuit against Ripple for years. With new leadership, investors believe that Ripple could settle this lawsuit, removing a major risk factor for XRP.

What's more, the new SEC's leadership under pro-crypto Mark Uyeda may approve an XRP spot exchange-traded fund (ETF), which would further legitimize the asset and attract institutional capital.

Elluminex set to rival XRP and Dogecoin
While Dogecoin and XRP have seen significant growth, a new token has the potential to rival them both. Elluminex (ELX) is a DeFi hub on the TON blockchain, which was the fastest-growing network last year. The platform hopes to supercharge TON by offering it much-needed liquidity.

The Elluminex Decentralized Exchange (DEX) will allow for quick asset swaps with minimal fees. The platform will also facilitate easy cross-chain transfers, supporting over 40 major blockchains. These cross-chain capabilities will enhance its liquidity and reduce slippage, which is crucial for traders.

Furthermore, Elluminex provides traders with a range of advanced features. For instance, the exchange will offer an AI-Powered Portfolio Tracker, aiding investors in making decisions based on real-time insights. With these features, Elluminex aims to become the leading DeFi platform on TON.

If TON continues its growth, Elluminex could leverage its success to surpass the growth witnessed by both Dogecoin and XRP.

For more information about Elluminex, visit the website, Twitter, and Telegram.