Why Solana, Litecoin look set for major rallies, but RTX could still steal the show
The post Why Solana, Litecoin look set for major rallies, but RTX could still steal the show appeared on BitcoinEthereumNews.com. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana and Litecoin show bullish signs, but new token Remittix could outperform both in the payments space. Solana is at around $151.27, and Litecoin is at approximately $89.04. Both assets look set to move higher, but a newer payments-first token, Remittix (RTX), is quietly gaining traction, and most analysts think it might beat the two old-timers. Solana’s on-chain demand is heating up Solana’s active addresses have increased more than three times since January, and DEX trading volumes reliably exceed $3 billion. Firedancer, an upgrade to the network later this year, should place throughput into the hundreds of thousands of TPS. If developers can meet those objectives, traders are looking for Solana to regain the $200 level that broke its late-2023 advance, then to drive to $260, where the 1.618 Fibonacci extension lies. Network fees remain under a cent, a marketing boon for memecoin initiatives and NFT stores that thrive on fast turnover. Because staking returns exceed 7 % APY, off-the-beaten-path SOL is evaporating on exchanges, an indicator of weakening sell pressure down the road. Litecoin stealthily builds a fee economy Litecoin’s May 2023 halving reduced block rewards to 6.25 LTC and pointed miners in the direction of fee income. The transition has increased competition for block space, with a consistent increase in average fees without compromising user adoption. Hash-rate expansion surpasses Bitcoin’s on a percentage rate and Glassnode indicates long-term holders hold a record 38 million LTC, an indication that the believers are storing coins. Halving-to-halving charts indicate that the next impulse wave may arrive in the range of $140 to $170. Break of February’s $113 swing high would confirm the move and return momentum funds into the trade.…
The post Why Solana, Litecoin look set for major rallies, but RTX could still steal the show appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana and Litecoin show bullish signs, but new token Remittix could outperform both in the payments space. Solana is at around $151.27, and Litecoin is at approximately $89.04. Both assets look set to move higher, but a newer payments-first token, Remittix (RTX), is quietly gaining traction, and most analysts think it might beat the two old-timers. Solana’s on-chain demand is heating up Solana’s active addresses have increased more than three times since January, and DEX trading volumes reliably exceed $3 billion. Firedancer, an upgrade to the network later this year, should place throughput into the hundreds of thousands of TPS. If developers can meet those objectives, traders are looking for Solana to regain the $200 level that broke its late-2023 advance, then to drive to $260, where the 1.618 Fibonacci extension lies. Network fees remain under a cent, a marketing boon for memecoin initiatives and NFT stores that thrive on fast turnover. Because staking returns exceed 7 % APY, off-the-beaten-path SOL is evaporating on exchanges, an indicator of weakening sell pressure down the road. Litecoin stealthily builds a fee economy Litecoin’s May 2023 halving reduced block rewards to 6.25 LTC and pointed miners in the direction of fee income. The transition has increased competition for block space, with a consistent increase in average fees without compromising user adoption. Hash-rate expansion surpasses Bitcoin’s on a percentage rate and Glassnode indicates long-term holders hold a record 38 million LTC, an indication that the believers are storing coins. Halving-to-halving charts indicate that the next impulse wave may arrive in the range of $140 to $170. Break of February’s $113 swing high would confirm the move and return momentum funds into the trade.…
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