Ever since the latest Bitcoin bull rally, forecasters have been sharing bold claims about its future. Notably, with a significant increase in institutional interest, the “digital gold” is set for major gains. Recently, 10x Research revealed their bold prediction for Bitcoin’s rise in the coming weeks.
If Bitcoin breaks another all-time high, all crypto asset prices will benefit. Among them, TON stands to gain, especially since the launch of its own DeFi hub Elluminex. This platform is expected to ride the next wave of bullish momentum.
Bitcoin Could Reach $122,000 Very Soon
Bitcoin (BTC) is seeing increased institutional interest, which is driving many bold predictions. Thanks to the pro-crypto shift in US politics, major institutional investors are increasingly warming up to crypto. After BlackRock CEO suggested Bitcoin at $700,000 in the future, another executive shared his own prediction.
Markus Thielen, Head of Research at 10x Research, predicts that Bitcoin could trade at $122,000 by February 2025. According to Thielen, Bitcoin’s increasing momentum is the main catalyst for this growth, especially among institutional investors.
The researcher noted that since the approval of Bitcoin spot ETFs, the digital asset rose in $16,000 to $18,000 increments. This is likely due to major financial players increasing their exposure to the asset. Notably, BlackRock recently bought $600 million in Bitcoin, its largest purchase of the digital asset so far.
What is more, BlackRock’s move could prompt more institutions to buy up Bitcoin. If this trend continues, the next point is $122,000. What is more, Thielen noted that Bitcoin may reach much higher levels than that. However, the $122,000 price point is Bitcoin’s next likely support level.
TON Prepares For US Expansion
Telegram’s blockchain TON has been a strong performer last year. The network peaked in Total Value Locked near $800 million, becoming the fastest-growing chain last year. Now, the network positions itself to be one of the top performers in 2025.
Recently, TON has announced its new president, Manuel Stotz, who will head its expansion in the coming years. Most notably, Stotz will focus on capturing the US market, a vital pivot since the recent political changes in the country.
Since the inauguration of pro-crypto President Donald Trump, the US market has become increasingly attractive. Thanks to its integration with Telegram, TON has access to millions of users, which could help it grow exponentially.
Elluminex Set To Supercharge TON
As TON prepares for major expansion, its DeFi ecosystem is developing rapidly. One of the most promising developments is the launch of Elluminex (ELX). This platform is the first DeFi hub built exclusively on TON, and one that aims to fix its liquidity issues.
Despite its significant growth, TON’s DeFi ecosystem is still relatively small. This is hurting liquidity on the chain, and discouraging traders from joining the network. Elluminex aims to fix this, by bridging TON to 40 major chains.
With added liquidity, Elluminex will offer trading with low slippage, which is key for profitable trading. At the same time, it also offers advanced AI features and educational resources, which will help bring more traders in. For these reasons, Elluminex could ride the next bull market wave as one of the strongest performers.
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
