Litecoin and Solana ETF Approval Hits 90% But XRP and Dogecoin ETF Decision Delayed Till June

The latest Bloomberg Intelligence report shows that Litecoin and Solana ETFs have a 90% likelihood of receiving SEC approval. After a landmark green light from the regulator on spot Bitcoin ETFs, the entire crypto landscape was transformed in a move that marked the integration of crypto into mainstream financial markets.

Now, the U.S. regulator has announced that Litecoin and Solana meet the market criteria previously used to open the door for Bitcoin. This development has sparked a wave of bullish excitement for SOL and LTC.

Meanwhile, the hype around DOGE and XRP ETFs has died down after the regulator delayed the ETF approval for both coins.

Litecoin’s appeal with the SEC increases as bullish sentiment picks up

Litecoin’s long-standing reputation as the silver to Bitcoin’s gold is finally starting to pay off, as seen by the 90% likelihood of its ETF approval. Further increasing Litecoin’s appeal is the latest MWEB update that significantly boosts LTC’s privacy and scalability.

In the last month, however, Litecoin’s LTC has faced significant resistance in the $85.51 region. LTC continues to face sustained bearish pressure, with its price at $83.72.

Image Source: CoinMarketCap

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Even though bullish sentiment around LTC is building up, analysts highlight a need for increased buying pressure before a significant price break out for LTC.

Solana’s SOL soars amid bullish updates and increased institutional appeal

SOL’s price is up 17% in the last month and an additional 15.6% in the last two weeks as bullish sentiment continues to build up. Solana’s SOL has seen analysts set targets in the range of $180 to $370 owing to upgrades such as Firedancer that are set to come to Solana’s mainnet.

Image Source: CoinMarketCap

Meme coins on Solana’s ecosystem continue to thrive even as crypto-wide uncertainty sends most altcoins on a volatile spree. On some days, SOL’s trading volume spikes as sharply as 18% as 1inch’s integration with Solana further boosts DeFi liquidity.

XRP sustains gains despite delays in its ETF approval

XRP might not be next in line for the SEC’s ETF approval, but the price of XRP has not shown weakness, as seen by the 5.2% uptick in the last month, adding to a year-to-date surge of over 340%.

XRP continues to establish higher support, with analysts pointing out its increased stability. At its current price of 2.21, analysts point out that a breakout for XRP above the $2.48 resistance level could result in a bullish resurgence to its ATH.

Remittix’s RTX presale grabs attention, raising over $14.6 million

ETF approvals aside, Remittix is giving XRP a run for its money in the cross-border payment space. Remittix is reinventing crypto-to-fiat payments with a simple platform that allows users to send funds straight from their crypto wallet to traditional bank accounts.

Remittix offers a revolutionary PayFi platform equipped with a local payment network capable of converting more than 40 cryptocurrencies to various fiat monies around the world. So far, the platform supports the conversion of crypto into 30+ fiat currencies while charging a flat fee with zero hidden charges.

This makes Remittix a go-to alternative for micropayments, especially for users in the global south who are oblivious to the complexities of dealing with cryptocurrencies.

Apart from regular users, Remittix also caters to businesses through its Pay API, which enables merchants to accept crypto payments.

Now is the best time to jump into RTX’s ongoing presale, which has so far raised $14.6 million, selling over 530 million RTX tokens.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix