The cryptocurrency market has recently become very active, as Bitcoin reached a record high of $111,861.22. Increased buying from institutions, a positive economic atmosphere and interest in ETFs have contributed to Bitcoin’s market cap reaching new heights.
Analysts believe that if the current bull run continues for another five months, it could boost altcoin prices as Bitcoin’s market share is near 63%. In the past, during sustained Bitcoin price discovery, select altcoins have rocketed 5,000% or even 10,000% within weeks. Altcoins such as Salamanca (DON), Cardano (ADA), and XRP show momentum as they build up technical setups and market catalysts for their upside.
What you'll learn 👉
Salamanca (DON) Gains Traction Amid Viral Community Growth
Salamanca (DON), a project named after the famous Salamanca cartel from Breaking Bad has increased in value by 233.40% in the last 30 days. Following a rise from $0.0001195 to $0.0080 in late April, the $DON token has now fallen to $0.00158. Even after the pullback, the project is still recognized for being influenced by the community and its unique branding. Being listed on PancakeSwap, MEXC and Gate.io has helped the coin’s daily trading volume go over $4.6 million.
Trade $DON now on Gate.io: https://www.gate.io/zh/trade/DON_USDT
Built on the Binance Smart Chain and leveraging pop culture stories, Salamanca drives its online trending success. Analysts have observed that meme coins have the chance to increase 10x if more interest surfaces and more listings continue. Despite lower volumes, the cryptocurrency still stands out for low-cap investors, and more attention may come if speculation continues to increase.
Cardano Faces Short-Term Correction but Maintains Macro Support
Over the past few days, Cardano (ADA) broke above a falling pattern and rose 15% from $0.7225 to $0.84. Despite this ADA has now retraced to $0.80, and a bearish engulfing candle along with an RSI drop suggests there could be further corrections.
Despite the near-term pressure, open interest remains high at $972 million, and Cardano’s stablecoin market cap has grown 30% quarter-over-quarter, according to Messari.
Derivative liquidations totaling $943,000 in four hours indicate ongoing volatility, but ecosystem metrics remain strong—DeFi participation, stablecoin expansion, and increased treasury balance support long-term strength. Should ADA maintain support above $0.7745, another rally could follow as altcoin season conditions mature.
XRP Awaits ETF Decision as Institutional Positions Accelerate
One of the top-ranked altcoins, XRP, still attracts considerable interest, as a decision on whether it will be eligible for an ETF is due in October. Due to an increase in institutional demand, the open interest in futures contracts has reached 923 million XRP, with a value of $2.2 billion. The funding rate hit a high of 19% on May 22, suggesting strong demand for longs or speculative trading in crypto before the approval was announced.
Ripple’s resolution with the SEC and being selected as a candidate for the U.S. Digital Asset Reserve this March have encouraged more XRP buying. Even though XRP is currently at $2.35, traders betting on the currency expect it to rise to $3.50 or even higher after ETF approval. Given new clarity in the law and increasing interest, XRP doubters may be silenced as prices go up.
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