Solana Price Prediction & Analysis: Impact of SOL and LTC ETF Decisions Being Delayed By the SEC

Though the crypto market has been shaping nicely for retail investors, institutional traders have been looking forward to the approval of new spot exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). Experts believe that the launch of spot ETFs, especially for top altcoins like Solana (SOL) and Litecoin (LTC), could be the extra fuel the market needs to keep its bullish trend going.

However, the SEC has postponed its decision on the proposed spot SOL and LTC ETFs. The lingering uncertainty has caused some altcoin whales to turn to shinier cryptos like Remittix (RTX), which has been trending in the crypto market after raising over $15 million during its presale. Let’s find out how Remittix stands compared to established altcoins like LTC and SOL.

Remittix proves a solid alternative to SOL and LTC

The Remitix presale has been on for a few months, but the project has been gaining prominence by the day due to its super-fast presale raise. The presale recently crossed the $15 million milestone, with over 535 million RTX tokens sold. This has boosted investors’ belief in Remittix as the next big altcoin to explode, especially at a time when traders are cautious about projects like LTC and SOL.

True to their expectations, Remittix has delivered over 400% gains since its presale began, and these have come from the token’s constant price increase as the presale progresses. That means investors can anticipate even bigger gains when the project launches and real users start flocking into the Remittix ecosystem.

Additionally, the demand for Remittix is poised to skyrocket after it’s listed on exchanges and as more people seek it for its exciting use cases in the Payment Finance (PayFi) space. These include its Remittix Pay API, which facilitates direct crypto-to-fiat transactions. With the API, individuals and businesses can use crypto for everyday transactions, including online payments and cross-border remittances.

SOL investors remain bullish despite SEC delays

Despite the SEC stalling on the approval of a spot SOL ETF, current market data shows that SOL investors are not losing faith. According to data from Polymarket, one of the world’s largest market predictors, there’s an 85% probability of a SOL ETF approval later this year, which would potentially drive the demand for SOL among institutions.

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Source: CoinMarketCap

Similarly, the current market fundamentals on CoinMarketCap show that SOL investors are still bullish. While there’s been a pullback in the SOL price to around $176, analysts maintain an optimistic Solana price prediction of $500 for 2025.

LTC community optimistic about a spot ETF approval

LTC is another altcoin faced with SEC delays as far as its spot ETF approval is concerned. However, LTC investors are unshaken as they bank on the 80% probability that the SEC will veto the first-ever LTC ETF before the end of 2025. Many of these LTC investors are looking to June, when the SEC will announce its decision on other major spot ETF filings.

Source: CoinMarketCap

With the LTC price soaring by over 30% in the past month, it’s safe to say the Litecoin community is holding on as it prepares for what could open up the ecosystem to massive institutional adoption.

Conclusion

While there’s a bold Solana price prediction of $500 this year and LTC is picking up momentum, Remittix is poised to reach $1 over the coming months. If RTX attains this price, it will leave established altcoins like SOL and LTC behind. Now is the perfect time to lock in some RTX tokens at $0.0757 before its explosion.

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

Website: https://remittix.io/

Socials: https://linktr.ee/remittix