Dogecoin Tests Support Levels Amid Trump-Musk AI Dispute, New TON DeFi Project Emerges

The cryptocurrency market is witnessing significant developments as Dogecoin (DOGE) tests critical support levels at $0.33, while a clash between former President Trump and Elon Musk over artificial intelligence investments adds uncertainty to the market. Despite the tension, DOGE has shown resilience, posting a 2.6% gain in 24-hour trading.

Technical analysts, including crypto expert Dima James Potts, suggest that DOGE could rally toward $0.42 if it successfully breaks above $0.36 with strong volume. However, the cryptocurrency's close association with Elon Musk adds complexity to its market performance, particularly as Musk publicly criticizes Trump's new AI venture, Stargate, and its collaboration with OpenAI.

While Dogecoin's future remains uncertain, a new player in the decentralized finance (DeFi) space is attracting attention. Elluminex, a TON blockchain-based DeFi platform, has raised over $300,000 in its first week of presale, positioning itself to become the primary DeFi protocol for Telegram's extensive user base.

The emergence of Elluminex is particularly significant for the cryptocurrency ecosystem as it aims to bridge the gap between DeFi services and Telegram's billion-plus users. The platform's development could mark a crucial step in expanding DeFi adoption, similar to how Uniswap transformed Ethereum's ecosystem. By integrating AI-powered portfolio tracking and risk management tools, Elluminex represents a potential shift in how users interact with decentralized finance on the rapidly growing TON network.