3 Best XRP Alternatives Set To Explode In Coming Weeks As SEC Delays XRP ETF Decision
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XRP is struggling. It exploded in November but couldn’t keep its momentum post-January. It has since seen its value dwindle and price prediction flatline. XRP has come under a lot of flak, with the latest body blow being the SEC turning down an application to float an XRP ETF, citing public comment concerns.
It seems XRP can’t catch a break, and while an XRP ETF would certainly boost morale, it may be too late. What does this mean for investors? Well, the Sui crypto project is interesting, Litecoin seems to be making a comeback and newcomer Remittix is stealing the show.
XRP (XRP): XRP ETF delayed
An ETF is a great feather in the cap of any asset, legitimizing the project and giving investors confidence that they are buying something genuine. After four years getting pounded by the SEC, an XRP ETF would be a balm to the battered nerves of XRP. The bad news is that a mooted XRP ETF has been shown the door.
Source: Coinmarketcap
It’s not all bad news. The reason the XRP ETF was not approved was due to the need for public comment. This means the XRP was not turned down in principle; only that a legal framework must be followed. Where the milk turns sour is that this public comment period can be quite protracted, and XRP may not have the time to absorb it. No one would blame investors for looking elsewhere.
Sui (SUI): Sui crypto project racing up the ranks
The biggest stumbling block to mainstream crypto adoption is speed. Traditionally, it’s been poor, and ETH transactions could take hours to complete. Solana came in with a speed demon blockchain, but now the Sui crypto project is gaining pace with a blistering project, making Solana look plodding by comparison.
The Sui crypto Blockchain has reached speeds of up to 240,000 TPS in test conditions. What’s more, the Sui crypto boasts it can reach transaction finality in 390 milliseconds. It is no wonder the Sui crypto token was one of the best-performing assets of 2024.
Source: Coincodex
Litecoin (LTC): New life in old lion?
Litecoin was largely forgotten for a while, but the old-guard token is now sitting at number 21 by market cap, showing an impressive 50% jump since November. The jump was actually higher, topping out at over $140 before the slump took the wind out of its sails, but Litecoin is nowhere near done.
Litecoin follows the same principles as Bitcoin, only faster and cheaper. Litecoin has a strong use case for investors wanting the security of Bitcoin but at double the speed and half the cost. Litecoin may just be the surprise token of the year if it keeps its current momentum.
Source: Coincodex
Remittix (RMX): Little-known XRP alternative steals the show
Remittix is a new altcoin coming in to steal the limelight from XRP. XRP has for years attempted to optimize cross-border payments, but never got there. Now, Remittix has. Remittix allows its users to make direct-to-bank transactions using cryptocurrency. Transactions through Remittix clear almost instantly and do not incur the costs of traditional bank transactions.
The implications of this are huge. The savings on overheads alone would compel global trade to use Remittix, and if one adds in the 1.4 unbanked people on the planet who could partake in the formal economy, it is clear Remittix’s future is about as bright as it can be. Even YouTube cannot stop talking about the possibilities of Remittix.
Conclusion
While Ripple Labs waits in frustration for an XRP ETF to get clearance, the Sui crypto project is gathering steam, Litecoin is making a comeback and Remittix is making its presence known on the world stage. There’s more than XRP out there.
Sui and Litecoin can be traded on all good exchanges, while Remittix is only available on their website at $0.0781.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io
Socials: https://linktr.ee/remittix
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