Crypto Analyst Projects Ethereum to Hit $10,000 Amid Growing Interest in DeFi Platforms

Cryptocurrency market analyst CryptoELITES has issued a bold prediction for Ethereum (ETH), suggesting the second-largest cryptocurrency could reach $10,000 in the near future, despite recent price volatility that saw ETH drop from $3,300 to $3,250 in recent days. This forecast comes as the cryptocurrency market shows signs of renewed activity, with particular focus on both established cryptocurrencies and emerging DeFi platforms.

The prediction's significance extends beyond Ethereum's potential price movement, as it reflects growing confidence in the broader cryptocurrency market. With Ethereum's current market capitalization around $400 billion, such a price increase would represent a substantial expansion of the entire crypto ecosystem.

Meanwhile, Ripple (XRP) has demonstrated strong performance, recording a 45% price increase over the past 30 days, with market expert Mikybull projecting potential gains to $8. However, attention is increasingly turning to emerging platforms like Elluminex (ELX), which aims to bring decentralized finance capabilities to the TON Blockchain's user base of nearly 950 million.

Elluminex's planned integration with the TON Blockchain represents a significant development for the DeFi sector, which is projected to reach $48 billion by 2031 according to IBS Intelligence. The platform's focus on educational resources and AI-powered portfolio tracking tools positions it to potentially capture a significant share of the growing DeFi market, particularly given TON's extensive user base through its connection with Telegram.