Cardano (ADA) Ousted From Top 10 Cryptocurrencies by Market Capitalization, Replaced by Tron (TRX)
- PHPzOriginal
- 2024-08-21 09:17:10630browse
In an unexpected twist of events, Cardano (ADA) has officially been ousted from the top 10 cryptocurrencies by market capitalization.
Cardano (ADA) has dropped out of the top 10 largest cryptocurrencies by market capitalization, according to CoinMarketCap. The popular altcoin lost its place in the top 10 following significant price declines over the past week, with its market capitalization now around $12.3 billion.
However, Tron (TRX) has moved up in the rankings to take Cardano’s place in the top 10. Tron’s market capitalization is now approximately $12.7 billion, exceeding Cardano’s by about $400 million. TRX is currently trading at $0.146, showing a 6.84% increase in the last 24 hours, according to CoinMarketCap.
This development marks a significant shift in the crypto market, with Tron now ranking as the ninth-largest cryptocurrency by market capitalization, while Cardano has dropped to eleventh place.
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