ADA Reclaims #9 Ranking, Flips TRX in Crypto Standings
Main Idea
Cardano (ADA) has surpassed Tron (TRX) to become the 9th-largest cryptocurrency by market capitalization, driven by a significant price surge and renewed investor confidence.
Key Points
1. Cardano (ADA) flipped Tron (TRX) to rank 9th by market cap at $31.35 billion, with ADA gaining 78% since late June.
2. ADA's price surged over 27% in the past seven days, while TRX fell by 6% in the same period.
3. Technical analysis suggests ADA is approaching the 0.5 Fibonacci resistance level at $0.92, indicating potential for further gains.
4. Cardano's team is refining the network with scaling upgrades and promoting mainstream adoption, boosting investor confidence.
5. The break above the $0.85 resistance level has renewed bullish sentiment, with investors eyeing higher price targets.
Description
Cardano (ADA) has flipped Tron (TRX) to become the 9th-largest crypto by market cap at $31.35 billion The move was driven by a powerful 78% rally for ADA since late June, far outpacing the broader market A key long-term catalyst is Cardano’s potential inclusion in a proposed US government crypto reserve Cardano (ADA) is on a remarkable run, surging 78% since the last week of June to topple Tron (TRX) and become the 9th-ranked cryptocurrency by market capitalization. The rally for ADA began after...
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