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The SEC has taken a key step toward approving a spot Litecoin ETF, while Solana sees record-breaking growth and Remittix aims to disrupt the $190 trillion payment sector.
The US SEC has officially acknowledged Canary Capital’s proposal for a spot Litecoin ETF, making a significant step toward a potential approval. This move opens the door for public comments while signaling that Litecoin could become the third crypto, after BTC and ETH, to receive an ETF in the US. In the meantime, a recent report by Messari, a market intelligence firm, highlighted Solana’s extraordinary performance over the fourth quarter of 2024.
Meanwhile, Remittix (RTX) is also quickly becoming a market leader owing to its robust real-world applications and quick uptake as it seeks to disrupt the $190 trillion payment sector.
SEC takes key steps toward Litecoin ETF approval
Canary Capital filed the S-1 registration for the Bitcoin ETF in October 2024, and Nasdaq submitted the required 19b-4 filing on Jan 16, 2025. The bold step taken by the US SEC regarding the Litecoin ETF has already seen the LTC price rise in response to the progress. According to Eric Balchunas, this will be the first altcoin ETF filing to be acknowledged by the SEC and the closest to meeting all the regulatory requirements.
This move will help Litecoin’s price movement as it prepares to break the $137 resistance level after bouncing back above the $107 level with massive support at $100. The 4-hour chart also validates the possibility of Litecoin’s price surge because of the position of the Parabolic Stop and Reverse indicator.
The price of Litecoin is above the dots of the Parabolic SAR, and if the trend continues, backed by buying pressure and technical indicators, the LTC price could break the $137 resistance and target $141.15.
Solana rallies: Total app revenue hits $840m
The Messari report reveals a significant 213% quarter-over-quarter growth in Chain GDP, with the total app revenue generated within the Solana network surging from $268m in Q3 to $840m in Q4. According to the report, November was the most lucrative month, contributing $367m to the SOL ecosystem.
Among the leading applications driving the Solana revenue surge was Pump.Fun, with $235m generated while marking a 242% QoQ rally, and Photon, which had a more explosive growth of 278%, representing $140m.
Despite the impressive performance of the Solana ecosystem in Q4 of 2024, the SOL price still hovers around the $201 level, which is still a significant dip from last year’s gains. However, technical indicators, including the Commodity Channel Index and RSI, point to a growing bullish momentum that could see the SOL price aim for more gains in the coming days.
Remittix reinvents the wheel for cross-border payments
Crypto was meant to make financial transactions easy but that hasn’t been the case. Cashing out is still expensive and slow, banks block transactions, and businesses have been hesitating to accept cryptos due to volatility. This is where Remittix comes in. It will connect crypto to traditional banking systems, allowing users to convert digital assets to fiat and send money to any bank account globally. Moreover, with its presale hitting over $11m, investors see the RTX token as a disruptor to the $190 trillion global payment sector.
Many cryptos have had issues being widely accepted owing to their disconnection from traditional money, even though decentralization holds potential. The available methods are also ineffective and costly for the millions of workers across the globe who send money to families in developing nations. However, Remittix will remove these obstacles, allowing users to convert 40-plus cryptos into more than 30 fiat currencies. The funds will be delivered directly into the receiver’s bank accounts within 24 hours without hidden fees.
This focus on real-world use cases is why Remittix is viewed as a potential investment option for those seeking cryptos that can solve tangible everyday problems. Remittix is bridging the gap between the unbanked population and the digital economy. The capacity to manage one’s funds independently of financial sovereignty was one of the main issues that fueled the emergence of cryptos. However, many digital assets haven’t been able to maintain this equilibrium while combining traditional banking.
This new RTX token succeeds where others have failed. It allows users to maintain the anonymity and decentralization of cryptos while facilitating functional and easy transactions for daily applications. This has made Remittix continue to draw more investors as the RTX price hit an over 259% rally to sell at $0.0539.
Crypto investments for Q1
Litecoin ETF approval received a new boost after the US SEC took a significant step toward its approval. This move has already seen the LTC token register a small daily surge. Similarly, the fourth quarter of 2024 saw Solana record massive gains, with its App revenue hitting $840m, a trajectory that the SOL token is looking to emulate in Q1 of 2025.
Remittix, on the other hand, emphasizes workable solutions for smooth crypto-to-fiat transactions and financial inclusion, giving it a better edge over its competitors.
To learn more about Remittix, visit the Remittix presale and join the Remittix community.
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