.png){kind=logo}
Crypto ETF news accelerated this week with major Bloomberg commentators projecting a 90% chance of approval of a Litecoin ETF and even of a Solana ETF by the end of the year. This follows the earlier spot Bitcoin ETF approvals that set a precedent for other broad crypto products to enter the regulated market space.
ETFs have caught the eye of institutional investors as a low-friction entry to digital assets. A new DeFi project is also hot on the heels of increased crypto adoption as a payment method. While markets remain jittery, each SEC deadline now weighs heavily on traders and long-term holders.
When the spot ETF discussion was beginning to come to the fore, Bitcoin was in the limelight. Today, crypto ETF news is shifting to Litecoin (LTC), also referred to as “digital silver.” Litecoin ETF approval is now 90% likely, assert Eric Balchunas and James Seyffart.
LTC is trading around $82.32 currently and has declined only 2% on the week with investors preparing to receive approval of the ETF. Weak KMIs have been noted by various analysts and hence a breakout cannot be anticipated in the near future. Closest targets on the higher and lower sides are $89.00 and $82.00, respectively.
Solana (SOL) is also getting its moment in the ETF spotlight. Bloomberg's latest projections provide a 90% likelihood of SEC approval of a Solana ETF within the current year.
SOL is currently trading at about $143.07 today, down by about 3% over 24 hours but substantially in the green year-to-date since markets anticipate regulated products on its token. Many anticipate that SOL will move up towards $150–160 should an ETF be approved, tapping into new capital that requires regulated vehicles.
X (formerly Twitter) analyst Harsh A Notariya has observed that Solana is creating a cup and handle on the daily chart. This is observed to be an indicator of a likely powerful breakout above resistance that is expected to drive SOL to $220.
The XRP price prediction remains upbeat as XRP jumped to $2.17 despite news of delayed ETF approval.
If XRP sticks with the price of $2.00 and reaches $2.20 based on ETF momentum, the target price of XRP is to a bullish surge to $3.40 or even $5 in a bull market.
Settlement banks holding XRP would be the catalyst.
Alternatively, a 21.72% decline to $1.75 by May 17 is also possible. The XRP price prediction explores that negative SEC reports or reduced institutional demand can be the cause of such a drop.
With a primary concentration in fast, cheap transfers, XRP is falling off among the best cryptos to buy among people who analyze typical finance trends.
Under the radar in the meanwhile is a project, Remittix, that is redefining what is possible with blockchain technology. This platform with its renowned modularity and virtually zero fees is bringing crypto to the mainstream of life. Its native token powers a network in which transactions cost pennies and settle in seconds—ideal for cross-border remittance, micropayments, and so much more.
Demand has been huge. During the current presale phase, the token is being traded at $0.0757 and over 530 million of the tokens have been sold to date. That is over $14.6 million in funds raised to date, which shows growing investor appetite for its new attributes and actual-world applications.
Relative to older coins, this network possesses clear benefits: under a fifth of Litecoin's transaction costs and several times quicker confirmation times than Solana's present throughput under load. Its active live dev community and in-world partners provide it with an advantage, putting it in a position to capture market share from large-cap altcoins as well as recently minted DeFi tokens.
Don't miss your chance to get in early on what is shaping up to be a game-changing network. With limited presale tokens remaining at $0.0757, join the growing ranks of investors and developers creating tomorrow's financial stack.
Take action now to reserve your allocation before the next price level becomes available. Visit the presale site to purchase tokens and start to learn about a blockchain for speed, usability, and global adoption.
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
