Cardano ADA The asset is the 10th largest cryptocurrency with a market cap of $13.05 billion. Meanwhile, Tron TRX has settled at 11th place with a market cap of $12.92 billion. Tron TRX briefly surpassed Cardano ADA in the cryptocurrency market cap rankings, but Cardano recently reclaimed its spot. Both assets are neck and neck in terms of market cap, and experts are speculating on which one will sit in 10th place at the end of the weekend.
There are many factors that contributed to Cardano’s drop to 11th place. Current market conditions, which are driven by various aspects such as investor mood, market trends, and overall market conditions, are likely the reason for ADA’s drop in position. However, the coin is recovering, rising 15% in the past week. TRX, which has performed well in the last month, has stagnated in the past week. This pause in growth has allowed Cardano ADA to surpass Tron’s TRX and reclaim its place in the top 10 by market cap.
Is it likely that Cardano ADA will continue to outperform Tron TRX?
Cardano has already surpassed the price forecasts made by many market experts back in September. The asset is expected to continue growing next month, possibly reaching $0.40. Cardano is well below its all-time highs, but investors are returning to the coin after a summer of bears. Meanwhile, Tron is performing well, but its surge is slowly losing steam.
Barring any major updates over the weekend, ADA is likely to surpass TRX and maintain its place in the top 10 by market cap. While there is a difference of just over $100 million in market cap between the two assets, Cardano’s market cap is currently rising while Tron’s is falling.
In terms of future price predictions, ADA’s recent rise could mean the asset will drop back to $0.50. The last time the coin has reached such highs has been since the crypto boom in March 2024. If Cardano can break through $0.40 first and stay above it, it could reach $0.50 by the end of the year. Tron is not far from its all-time high, but SunPump seems to be pausing the price rise of the network’s native cryptocurrency.
