Solana (SOL) remains strong at around $183-$185, rallying 92% from its yearly low of $95.16. Scalability in the network, explosive DeFi growth, and increased developer activity keep institutional capital interested. Last week, DeFi Development Corp. increased its holdings in SOL by $23.6 million, further bolstering market confidence.
A crypto billionaire who bought Solana at $1 and XRP at $0.003 is now backing Salamanca (DON), calling it his next high-upside play. Trading around $0.0020, $DON has shown early volatility, but supporters see similarities to early-stage Solana. This report reviews current price action and technical data on Solana (SOL), XRP, and Salamanca (DON) to evaluate whether this new bet could follow the path of past breakout coins.
Solana (SOL) Eyes $200 as Institutional Buying Ramps Up
Trading volumes on Solana’s DEXs crossed $22 billion, and open interest in futures increased by over 11%. If SOL breaks above $185 with confirmation, analysts suggest a move toward $200, and possibly $230–$261 in the coming weeks. However, caution remains due to overbought RSI levels and potential whale activity, including a recent $33 million SOL unstake from FTX-linked wallets.
XRP Battles Resistance at $2.69 Amid ETF and Regulatory Tailwinds
Despite this weekend’s potential slump, the XRP has grown by 20% in the last week, hitting $2.57. The critical resistance level still rests at $2.69, a level that has previously shut out many bullish signals since March. A breakout above this level may pave the way towards $3.00–$3.40.
The XRP’s rally follows some significant legal wins, including the resolution of the SEC case in May 2025 showing that XRP is not a security. The move has been driven by rumors about the BlackRock XRP ETF. South Korean volume reports an upward movement, and whale accumulation continues with 30 million XRP transferred to Coinbase in the last few days. With this momentum taken, XRP can be one of the best top performers of cryptocurrencies by 2025.
Salamanca ($DON) The Meme Coin With 2000% Potential and Cartel-Level Branding
Salamanca (DON) has quickly picked up pace, establishing itself among the fastest-growing meme coins in BSC since its launch. Within a few days, $DON spiked to all-time highs of $0.00533. however, the current prices were as low as $0.0020–$0.0021. Already early investors have experienced several 2x-5x wins and now the broader market sees a 2000% opportunity from its current standing.
The token is listed on Gate.io, MEXC, and PancakeSwap, attracting funds from both centralized and decentralized pools. Gate.io, in the world’s top 3 exchanges regarding volume, gives $DON global exposure, while BSC will maintain low fees and quick transactions.
The next big target? Binance. With robust community pressure and an expanding trading volume, a listing on Binance would be a stamp of approval for $DON’s growth and a possible catalyst for another drop in price.
Crypto Billionaire Who Rode SOL and XRP Early Now Backs $DON
A crypto billionaire known for buying Solana at $1 and XRP at $0.003 has now placed his bet on $DON, calling it the next breakout meme coin of this cycle. His track record of early entries adds serious weight to $DON’s momentum.
As traders look for the next 10x to 20x opportunity, $DON is now in focus—with its price still in the $0.0020 zone and upside potential pointing to $0.04–$0.05, a 2000% gain from current levels if momentum continues.
For more information, about Salamanca (DON) visit:
The Cardano Foundation is pushing to expand the blockchain ecosystem following its recent partnership with SERPRO, the Brazilian government’s information technology company. According to the Foundation, this partnership will see Cardano play an integral part in enhancing the efficiency of SERPRO’s operations.
The Cardano Foundation and SERPRO Partnership
Based on the announcement, this collaboration will focus on technological innovation, digital infrastructure development, and blockchain education. Despite being a tech powerhouse, the partnership will see the integration of Cardano to enhance SERPRO’s broad public administration needs.
Specifically, Cardano will enhance transparency within SERPRO’s systems. Considering its broad reach, the blockchain’s capabilities will also help improve service delivery for Brazilians.
SERPRO powers about 750 digital solutions as a government platform. These process over 33 billion transactions yearly, generating 30.4 petabytes of data. The need for the Cardano Foundation partnership hinges on risks to centralization, a harmful threat since it controls over 90% of Brazil’s structural systems.
The Cardano Academy will serve over 8,000 employees as the partners seek to integrate core blockchain tenets into the public sector. With the ongoing plan, the Cardano Foundation is optimistic that its end goal may serve as a precedent for other Latin American countries to make similar moves.
Cardano and Government Adoption Cycle
Beyond Cardano Foundation, since the start of this year, the Proof-of-Stake (PoS) protocol has featured in some conversations around government adoption. On the top of the list is the potential US Treasury Department’s integration of ADA blockchain to track government spending.
This speculation came after Elon Musk revealed his interest in hosting his Department of Government Efficiency (D.O.G.E) on the blockchain. With this update, many in Web3 have pitched Cardano as a viable protocol for this undertaking.
The decentralized nature of the protocol, technological advancement, and strong community top the list. Despite the strong insinuation of integration in the community, Elon Musk has not acknowledged this.
ADA In Reserve Asset
The Cardano network has remained in the spotlight for 90 days as its price action shows a maturing market. As of writing, the coin was changing hands for $0.8907, down by 7.04% in the past 24 hours.
This volatility followed insights regarding the prospect of ADA being included in the proposed US National Crypto Reserve. While pro-Bitcoin investors have talked down altcoins in reserve, ADA investors capitalized on the hype to push prices to a 30-day high of $1.134.
The Cardano Foundation and SERPRO partnership may also form a short-term headwind that will prevent a massive price slump.
Pi coin, the native cryptocurrency of Pi Network, is once again facing strong selling pressure following the rejection at $1. The Pi Coin price has tanked 5% in the last 24 hours, now trading at $0.923, with daily trading volumes crashing 30.56%, slipping under $200 million. The PI token unlocks and movement to centralized exchanges (CEXs) have led to the current selling pressure.
Pi Network Native Crypto Supply on Exchange Increases
Over the last seven days, the Pi Network native crypto Pi Coin has corrected 22% after it failed to breach past $.120 levels multiple times. This has also resulted in the cryptocurrency slipping from 11th position to now at 23rd position, while losing over $13 billion in market cap over the past month.
Pi Fails To Hold $1 Mark
Pi Coin price is failing to regain $1 as PI exchange deposits have shot up in recent days. This selling pressure comes with nearly 8 million PI tokens moving to centralized exchanges (CEXs). According to market analysts, the PiCore Team (PCT) must take urgent action to stabilize the token’s value. A proposed solution involves burning 60 to 100 million coins from the circulating supply in the coming days to prevent further price depreciation.
On the other hand, the total number of PiCoins held on CEXs has surged to over 338 million. This has further led to concerns about increased sell-offs and price volatility in Pi Network.
Where’s Pi Coin Heading Next?
A recent TradingView chart by Coinvo reveals a sophisticated trading pattern for the PI/USDT trading pair on Bitget, highlighting a potential “Triple ZigZag” formation that suggests a possible market trend reversal.
Source: Coinvo
This 8-hour chart shows an Elliot wave analysis. This coupled with the “Triple ZigZag” chart specifically shows a series of corrective waves (labeled A, B, C) with the most recent waves suggesting a potential upward momentum.
Source: TraderFy
Coinvo noted that as Pi Network’s Pi Coin price flirts around $0.9512, there’s a potential price appreciation happening in the coming weeks. Another market analyst TraderFy has shared a bold prediction for $PI eyeing a major breakout. “$PI is about to explode! A massive falling wedge breakout is inevitable,” he wrote sharing that the immediate price targets are $2.00529 and $2.38466.
China’s recent directive for its state-owned banks to decrease reliance on the US dollar has amplified a growing trend among countries seeking alternatives to the dominant reserve assets. In some instances, Bitcoin has emerged as a viable competitor.
BeInCrypto spoke with experts from VanEck, CoinGecko, Gate.io, HashKey Research, and Humanity Protocol to understand Bitcoin’s rise as an alternative to the US dollar and its potential for greater influence in global geopolitics.
The Push for De-Dollarization
Since the 2008 global financial crisis, China has gradually reduced its reliance on the US dollar. The People’s Bank of China (PBOC) has now instructed state-owned banks to reduce dollar purchases amid the heightened trade war with US President Donald Trump.
China is among many nations seeking to lessen its dependence on the dollar. Russia, like its southern neighbor, has received an increasing number of Western sanctions– especially following its invasion of Ukraine.
Furthermore, Rosneft, a major Russian commodities producer, has issued RMB-denominated bonds, indicating a shift towards RBM, the Chinese currency, and a move away from Western currencies due to sanctions.
This global shift away from predominant reserve currencies is not limited to countries affected by Western sanctions. Aiming to increase the Rupee’s international use, India has secured agreements for oil purchases in Indian Rupee (INR) and trade with Malaysia in INR.
The country has also pursued creating a local currency settlement system with nine other central banks.
As more nations consider alternatives to the US dollar’s dominance, Bitcoin has emerged as a functional monetary tool that can serve as an alternative reserve asset.
Why Nations Are Turning to Bitcoin for Trade Independence
Interest in using cryptocurrency for purposes beyond international trade has also grown. In a notable development, China and Russia have reportedly settled some energy transactions using Bitcoin and other digital assets.
“Sovereign adoption of Bitcoin is accelerating this year as demand grows for neutral payments rails that can circumvent USD sanctions,” Matthew Sigel, Head of Digital Assets Research at VanEck, told BeInCrypto.
Two weeks ago, France’s Minister of Digital Affairs proposed using the surplus production of EDF, the country’s state-owned energy giant, to mine Bitcoin.
Last week, Pakistan announced similar plans to allocate part of its surplus electricity to Bitcoin mining and AI data centers.
Meanwhile, on April 10, New Hampshire’s House passed HB302, a Bitcoin reserve bill, by a 192-179 vote, sending it to the Senate. This development makes New Hampshire the fourth state, after Arizona, Texas, and Oklahoma, to have such a bill pass a legislative chamber.
If HB302 is approved by the Senate and signed into law, the state treasurer could invest up to 10% of the general fund and other authorized funds in precious metals and specific digital assets like Bitcoin.
According to industry experts, this is only the beginning.
VanEck Predicts Bitcoin to Become a Future Reserve Asset
Sigel predicts Bitcoin will become a key medium of exchange by 2025 and, ultimately, one of the world’s reserve currencies.
His forecasts suggest Bitcoin could settle 10% of global international trade and 5% of global domestic trade. This scenario would lead to central banks holding 2.5% of their assets in BTC.
According to him, China’s recent de-dollarization will prompt other nations to follow suit and lessen their reliance on the US dollar.
“China’s de-dollarization efforts are already having second- and third-order effects that create opportunities for alternative assets like Bitcoin. When the world’s second-largest economy actively reduces its exposure to US Treasuries and promotes cross-border trade in yuan or through mechanisms like the mBridge project, it signals to other nations—especially those with strained ties to the West—that the dollar is no longer the only game in town,” Sigel said.
For Zhong Yang Chan, Head of Research at CoinGecko, these efforts could prove catastrophic for the United States’ dominance.
“Broader de-dollarization efforts by China, or other major economies, will threaten the status of the dollar’s global reserve currency status. This could have [a] profound impact on the US and its economy, as this would lead to nations reducing their holdings of US treasuries, which the US relies on to finance its national debt,” he told BeInCrypto.
However, the strength of the US dollar and other dominant currencies has already shown signs of weakening.
A General Wave of Currency Decline
Sigel’s research shows that the four strongest global currencies—the US dollar, Japanese yen, British pound, and European euro—have lost value over time, particularly in cross-border payments.
The decline of these currencies creates a void where Bitcoin can gain traction as a key alternative for international trade settlements.
“This shift isn’t purely about promoting the yuan. It’s also about minimizing vulnerability to US sanctions and the politicization of payment rails like SWIFT. That opens the door for neutral, non-sovereign assets—especially those that are digitally native, decentralized, and liquid,” Sigel added.
This lack of national allegiance also sets Bitcoin apart from traditional currencies.
Bitcoin’s Appeal: A Non-Sovereign Alternative
Unlike fiat money or central bank digital currencies (CBDCs), Bitcoin doesn’t respond to any one nation, which makes it appealing to some countries.
For Terence Kwok, CEO and Founder of Humanity Protocol, recent geopolitical tensions have heightened this belief.
For these same reasons, experts don’t expect Bitcoin to replace fiat currencies fully but rather provide a vital alternative for certain cases.
A Replacement or an Alternative?
While Bitcoin offers several advantages over traditional currencies, Gate.io’s Kevin Lee doesn’t foresee its eventual adoption causing a complete overhaul of the currency reserve system.
Recent data confirms this. The number of Bitcoin transactions has fallen significantly since the last quarter of 2024. Bitcoin registered over 610,684 transactions in November, but that number dropped to 376,369 in April, according to Glassnode data.
The number of Bitcoin active addresses paints a similar picture. In December, the network had nearly 891,623 addresses. Today, that number stands at 609,614.
Bitcoin number of active addresses. Source: Glassnode.
This decline suggests reduced demand for its blockchain in terms of transactions, usage, and adoption, meaning fewer people are actively using it for transfers, business, or Bitcoin-based applications.
Meanwhile, the Bitcoin network must also ensure its infrastructure is efficient enough to meet global demand.
Can Bitcoin Scale for Global Use?
In 2018, Lightning Labs launched the Lightning Network to reduce the cost and time required for cryptocurrency transactions. Currently, the Bitcoin network can only handle around seven transactions per second, while Visa, for example, handles around 65,000.
“If expansion solutions (such as the Lightning Network) fail to become popular, Bitcoin’s ability to process only about 7 transactions per second will be difficult to support global demand. At the same time, as Bitcoin block rewards are gradually halved, the decline in miners’ income may threaten the long-term security of the network,” Guo, Director of HashKey Research explained.
While the confluence of geopolitical shifts and Bitcoin’s inherent characteristics undeniably create a space for its increased adoption as an alternative to the US dollar and even a potential reserve asset, significant hurdles remain.
Achieving mainstream Bitcoin adoption hinges on overcoming scalability, volatility, regulatory hurdles, stablecoin competition, and ensuring network security.
The unfolding panorama suggests Bitcoin will carve out an important role in the global financial system, though a complete overhaul of established norms seems unlikely in the immediate future.
