Cryptocurrency Investors are paying close attention to altcoins, hoping to see significant gains as 2025 draws closer. Despite an initial steep drop in April, Solana (SOL) is bouncing back, and more investors are entering DeFi. In the meantime, the Salamanca ($DON) project, based on Breaking Bad’s Salamanca cartel, is seeing a quick growth of both its community and its trading volume on Binance Smart Chain. It analyzes the recent progress of both Salamanca and Stepn, suggesting that Salamanca could turn out to be a top project next year.

Solana’s Consolidation and Growing DeFi Influence

Solana stands at $174, and its price is being controlled by important support and resistance points. A decrease in SOL’s exchange rate below $95 because of tariff issues was supported by the market’s positive sentiment, allowing it to bounce back. There has been a 28% increase in TVL in DeFi since April 1, and the current TVL is around $9.34 billion according to DefiLlama.

More tokens being locked in smart contracts raises TVL, which lowers the tokens for sale and helps ease the pressure on sellers. A significant rise in Futures OI, from $6.4 billion in May 20 to $7.35 billion, showed that traders are trading more and buying into the market.

Technically, SOL trades near its 200-day EMA support at $164 and faces resistance around $185. A sell signal from the MACD was confirmed on May 18, and the RSI is declining toward the 50 midline, signaling fading bullish momentum. A break below the ascending trendline could lead to losses, with support at $164, $159 (50- and 100-day EMA), and $140. A SuperTrend buy signal and a break above $185 resistance may open the way toward $200.

Solana’s supply totals about 600.8 million coins, with 519.7 million circulating. It trades on 914 markets, with $3.9 billion in 24-hour volume. SOL declined 5.48% in the last day, trading near $169.88 at writing.

Salamanca ($DON) Meme Coin with Cultural Edge and Market Growth

Salamanca ($DON) takes its theme from the Salamanca cartel in the television shows Breaking Bad and Better Call Saul. The purpose is to create a community that supports the token, drives its usage, and attracts significant trading activity from users. Currently, the Salamanca price is $0.001033, and the total trading volume for the past 24 hours is $3,665,274.  A max supply of 1 billion DON is the highest, and no circulating supply is currently out.

Listed on Gate.io and MEXC within the past few days, the daily trade volume is now over $20 million. Memes, anime, and cartel culture are what bring people together within the community and help it go viral. With this distinct branding, $DON stands apart from other meme coins and maintains people’s attention over the long run.

Salamanca’s price analyzed from market data has jumped to $0.001538, representing more than a 233% increase compared to last month, and the total market cap is now over $2.13 million. Around $4.63 million in 24-hour volume attracted both retail and institutional investors to trade the asset. According to some analysts, the price could double every year and reach $1 by the year 2030.

The plan includes adding support for Binance, as well as other centralized exchanges, to broaden the reach and accessibility of Algorand. Analysts expect expansion by as much as 20 times the current amount, due to community support and recent trading trends.

For more information about Salamanca (DON), visit:

Website: https://salamanca.club/ 

Twitter/X: https://x.com/salamanca_token 

Telegram: https://t.me/salamancatoken