Solana’s price is riding on the coattails of its ecosystem’s rising dApp revenue, which is now at $2.9 billion, surpassing other chains combined at $1.8 billion.
Moreover, Solana’s ecosystem has eclipsed Ethereum’s DEX volume, and analysts are forecasting further upside, especially after the approval of SOL ETFs. A 90% chance of Litecoin ETF approval has also sparked a bullish resurgence for LTC, whose price has pierced through the $100 resistance zone.
Dogecoin (Litecoin’s most famous hard fork) is also setting the stage for a massive comeback with a notable 45% uptick in the last month.
Altcoin season kicks off with Dogecoin surging 45%
If there is any clear indicator of the start to altcoin season, Dogecoin’s recent uptick of 42% in a week, adding to a bi-weekly surge of 32%, should be one to watch. The dog-themed meme coin is once again leading the charge, with traders predicting an additional 180% uptick buoyed by a market-wide bullish sentiment as well as strong institutional demand.
After months of attempting to breach the $0.20 resistance area, Dogecoin has rebounded at the $0.22 support zone, confirming an uptick that traders and market watchers predict could see DOGE surge all the way to $0.65.
Dogecoin’s rally is also fuelled by the increased likelihood of Dogecoin ETF approval from the SEC, which now stands at 64%.
Litecoin resurfaces with analysts anticipating significant institutional accumulation
While Dogecoin has its ETF approval likelihood at 64%, Litecoin is leading the charge with the highest chance of approval set at 90% by experts. Litecoin is currently attracting a ton of attention from institutional capital, with the Litecoin network processing over 1 million transactions per week.
Following this wave of FOMO from investors, fund managers are rushing to offer Litecoin-based ETPs ahead of the SEC’s approval.
In the meantime, traders have set their LTC price targets as high as $359 as Litecoin pierces through the resistance zones of a multi-year ascending wedge.
Solana dominates DeFi as SOL’s price briefly hits $180
Solana’s ecosystem is thriving with its DEX volume surpassing Ethereum’s, making Solana the new leader of the DeFi revolution. Solana’s competitive edge has seen its DEX volume weekly metrics hit $22 billion.
Solana’s DeFi popularity through DEXs such as Raydium has sparked a fresh bout of whale activity as ETF anticipation leads analysts to forecast an uptick past $200 for Solana’s price in the short term.
Image Source: CoinMarketCap
Remittix’s RTX presale gains investor interest, raising nearly $15 million
Altcoin season brings good tidings not just for Solana, Litecoin, and Dogecoin but also for this emerging PayFi protocol called Remittix.
With a mission to reinvent cross-border payment and lead the way in a potential $250 trillion remittance industry, Remittix offers an intuitive PayFi protocol that enables crypto holders to send funds to recipients with any bank account and across more than 30 fiat currencies.
Remittix’s approach is simple. Every transaction comes at a flat fee, and there are zero hidden costs, making it affordable and accessible to the masses. With Stripe and Wise as its main competitors in the remittance sector, Remittix stands out by offering additional tools, such as its Remittix Pay API for businesses. This API supports over 40 cryptocurrencies, thus enabling businesses to seamlessly receive crypto payments from their customers.
So far, Remittix’s RTX presale has sold over 85% of RTX’s total supply of 1.5 billion tokens. RTX is currently priced at $0.0757, and the next stage of the presale will see the price increase to $0.0781. Don’t be left out.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Disclaimer: This content is provided by a sponsor. FinanceFeeds does not independently verify the legitimacy, credibility, claims, or financial viability of the information or description of services mentioned. As such, we bear no responsibility for any potential risks, inaccuracies, or misleading representations related to the content. This post does not constitute financial advice or a recommendation and should not be treated as such. We strongly advise seeking independent financial guidance from a qualified and regulated professional before engaging in any investment or financial activities. Please review our full disclaimer for more details.
