Cryptocurrency market capitalisation dips below $3 trillion, Solana (SOL), Litecoin (LTC), and PepeX presales show signs of diverging from the broader consolidation trend

The total cryptocurrency market capitalisation has dipped back below the $3 trillion mark, falling to $2.95 trillion after a 0.8% decline over the past 24 hours.

The total cryptocurrency market capitalisation has dipped back below the $3 trillion mark, falling to $2.95 trillion after a 0.8% decline over the past 24 hours.

The market is now down around 1% over the past seven days, with the pullback largely attributed to short-term profit-taking after a strong rally over the previous two weeks.

Despite the retracement, sentiment remains broadly steady with a slight positive bias. The Fear and Greed Index sits at 52, indicating neutral market conditions.

In this backdrop, three tokens—Solana, Litecoin, and PepeX—are showing signs of diverging from the broader consolidation trend.

All three have drawn notable investor interest as they position for potential upside in a market still flush with liquidity and searching for directional cues.

Litecoin holds steady ahead of key ETF decision

Litecoin (LTC) hovered near $87 on Monday, posting modest gains as the broader cryptocurrency market consolidated after April’s rebound.

Investor focus has shifted to regulatory developments, with growing anticipation surrounding Canary Capital’s spot Litecoin ETF application.

According to Bloomberg analyst James Seyffart, this proposal has a higher probability of approval compared to other pending ETF applications for assets like Dogecoin and XRP, which recently faced delays from the US Securities and Exchange Commission (SEC).

The @CanaryFunds Litecoin ETF filing is due for a decision (possibly a delay) by Monday 5/5. SEC went early & delayed a bunch of filings but not this. If any asset has a chance of early approval it’s Litecoin IMO. Personally think a delay is more likely but def something to watch

— James Seyffart (@JamSeyffart) April 28, 2024

The SEC is expected to issue a decision on the Canary Capital proposal on Monday.

Notably, while the agency postponed rulings on several other crypto ETFs, it has yet to delay action on the Litecoin application — a move interpreted by some as a sign of regulatory favorability.

Two additional Litecoin ETF proposals from Grayscale and CoinShares are also pending.

The SEC has until October to issue a final ruling on all three applications.

Solana eyes $200

Solana (SOL) has recovered 20% from its recent lows near $120 and is now testing a key resistance zone at $150.

A breakout above this level could open the path toward $200 and potentially higher, according to technical analysts.

CryptoBullet, a prominent market commentator, remains cautiously bullish on SOL’s outlook.

$SOL had a great monthly close. It held the Key Horizontal level

As I said, we will spend several months above that level before the inevitable breakdown

Target/Rejection Zone: $190-230 🔨 pic.twitter.com/58e8G18J8C

— Crypto_Bullet (@crypto_bulet) April 27, 2024

He emphasized the importance of holding above horizontal support levels, identifying the $190–$230 range as a likely target and potential area of resistance in the coming months.

PepeX presales near a milestone

The presale is closing in on $2 million in total funding, reflecting growing investor demand.

PepeX is gaining attention for addressing two of the meme coin sector’s most pressing problems: low-effort scam tokens and unchecked market manipulation.

While the meme coin ecosystem has thrived on viral speculation, its lack of structural safeguards has left investors vulnerable.

Platforms like Pump.fun have faced criticism for enabling a flood of hastily launched tokens with little accountability.

PepeX presents itself as a professional-grade alternative that retains the speculative energy driving meme coin culture while enforcing operational discipline.

The platform allocates 95% of each token’s supply to the community, limiting founder reserves to just 5%.

Projects that fail to gain traction see their locked liquidity redistributed among community participants — a mechanism aimed at enforcing accountability in an otherwise opaque market.

In a further step toward professionalism, PepeX is deploying AI-driven tools to streamline marketing.

Its proprietary system, AKIRA, integrates directly with Telegram and X accounts, automating growth strategies from day one and removing the need for traditional marketing teams.

In a meme coin ecosystem plagued by rug pulls and copycat tokens, PepeX is emerging as a credible, security-focused disruptor.

Interested investors can head directly to the PepeX website to learn more details.