Litecoin (LTC) Price Charts Turn Red As Investors Await US SEC ETF Approval

SOL investors have been facing some gloomy days lately seeing as the official Solana price and its network activity have been tanking.

As always, the volatility of the crypto market is evident in the varying growth of different projects. While Solana price charts have turned red recently, Litecoin is facing huge investor attention due to the news of its ETF getting approved soon. Meanwhile, a new AI altcoin has just surpassed the $10 million mark in its presale, sparking speculation about its potential to outpace established players like SOL and Litecoin by 2025. Can it achieve this? Find the details below!

Solana Price Faces Huge Decline Following SOL Wallets Scams

SOL investors have been facing some gloomy days lately seeing as the official Solana price and its network activity have been tanking. Simply put, using SOL for trading or DeFi projects, and when interest wanes, the Solana price takes a hit.

Crypto experts have noticed that wallets holding over 100 SOL have dropped by 2.24% in the past couple of weeks, which has had a huge detrimental effect on the token’s value as evident in Solana price charts. Another contributing factor to the decline in the Solana price is the proliferation of scam meme tokens on the SOL blockchain.

One of the most notable examples is the LIBRA token, which was promoted by Argentina’s President Javier Milei. Unfortunately, LIBRA’s value plummeted by a staggering 94%, resulting in traders nursing losses of about $286 million. The same wallets associated with LIBRA have also been linked to the Melania memecoin scam involving First Lady Melania Trump.

With back-to-back scams hitting the ecosystem, SOL’s reputation is taking a serious blow and investors are wary about the official Solana price bringing any profits soon.

Litecoin Faces Possible ETF Approval Soon

As SOL faces increasing pressure from investors due to disappointing chart performance, Bloomberg ETF analysts are betting big on spot Litecoin ETF getting the green light from the US SEC. In fact, these analysts are giving Litecoin a 90% chance of approval before the year wraps up.

James Seyffart and Eric Balchunas from Bloomberg believe Litecoin’s odds are better than other proposed ETFs, like XRP at 65%, Solana at 70%, and Dogecoin at 75%. In a post on X, these Litecoin analysts explained that Litecoin’s road to SEC approval seems the smoothest. The necessary S-1 and 19b-4 forms have already been filed and acknowledged and the SEC likely sees Litecoin as a commodity.

The Transformative IntelMarkets Might Takes Over Crypto Trading Soon

In the crypto trading industry, institutional investors always seem to have the upper hand while retail traders are left scrambling for scraps. That’s exactly why IntelMarkets was created. It levels the playing field by using intelligent AI tools, sharp market insights, and multi-chain integration to give everyday traders the kind of edge usually reserved for the big corporations in the industry.

With AI-powered trend analysis and real-time whale tracking, users can spot opportunities and boost profits, even in the most unpredictable markets.

Apart from the impressive trading features it provides, IntelMarkets also promises its users one of the best security platforms in the market. The platform has passed intense third-party audits by Codeum, enabling users to trade with confidence, knowing their assets are safe. However, the platform’s commitment to security doesn’t stop there; IntelMarkets has also introduced the Quantum Wallet, a next-gen custody solution designed to combat the increasing threat of quantum attacks.

Right now, there’s a golden chance for early investors. The INTL token is up for grabs in Stage 10 of its public presale for just $0.092. Unlike most projects where venture capitalists snatch up the supply, IntelMarkets is putting retail traders first. Everyday investors finally get a fair shot at securing tokens before the platform’s full launch.

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