Cardano Drops Below Dogecoin On Crypto Top 10 List, Will It Lose 10th Spot To Shiba Inu?

2024-4-20 21:00

Cardano has been struggling in the market over the last few weeks, completely erasing its gains from March. This continuous decline has put the digital asset in a perilous position as it has dropped drastically on the list of the top 10 cryptocurrencies by market cap.

Cardano Bows Out To Toncoin And Dogecoin

The first negative headwinds for Cardano began to blow when Toncoin, a cryptocurrency enjoy serious backing from Telegram, began to rise. As the Toncoin price rose, so did its market cap and in not time it was on its way to knocking a number of assets from their positions.

After beating Dogecoin, the Toncoin price continued to rise, reaching over $7. At this time, its market cap had jumped above $20 billion. This quickly placed it ahead of Cardano and then Dogecoin as it enjoyed a massive rally.

Next up was Dogecoin coming for Cardano’s spot on the top 10 list. Dogecoin began to see more upside as Elon Musk tweeted about the meme coin once again. Dogecoin’s price rose above $0.2 before being rejected at this level. However, it continues to trend high, maintaining most of its gains from March, and its market cap above $20 billion.

Cardano, on the other hand, has suffered crash after crash, bringing its price back down to $0.46. At its current price, its market cap is sitting at approximately $16.5 billion, putting it well below the likes of Toncoin and Dogecoin.

Shiba Inu Wants 10th Spot

Despite the market being on a recovery trend, it seems the worse is far from over for Cardano. After falling behind Dogecoin and Toncoin, Cardano is currently the 10th largest cryptocurrency in the market, down four spots from 6th about a year ago.

This time around, the coin is seeing steep competition from Shiba Inu, which currently occupies the 11th position on the list. Currently, Cardano’s market cap is only around 30% higher than that of Shiba Inu, which sits at $13.4 billion compared to $16.5 billion for ADA.

Now, given the positive headwinds predicted for the Shiba Inu price, it may not be long until SHIB claims the 10th spot. With the Bitcoin halving happening and Shiba Inu’s track record following a halving event, the meme coin could see an over 100% increase from here.

For Cardano to maintain its spot, it would have to rise rapidly alongside SHIB. However, if it fails to do so, Cardano could fall out of the top 10 cryptocurrencies by market cap for the first time in over three years.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.576
Капитализация $0 Rank 99999
Доступно / Всего 0 ADA

cardano market list dogecoin dropped decline continuous

Источник: bitcoinist.com

cardano market → Результатов: 126


Фото:

Cardano (ADA) Next In Line For A Rally Following Shark And Whale Buying Spree

Cardano (ADA) has not exactly been the best performer in the last month. Instead, the altcoin’s price has continued to stall even during periods of market recovery. However, this trend could change pretty soon given the current accumulation trend among sharks and whales, something that could take a significant chunk of available supply off the open market and trigger another rally.

2023-8-10 21:00


Cardano Soars 13% On Rumors Of Burn Mechanism Rollout, Charles Hoskinson Reacts

In the last 7 days, Cardano is one of the best performers on the crypto top 10 by market cap. Proof-of-Stake networks lead the market, as Bitcoin and others stand in the back. Related Reading | Cardano (ADA) Takes A Tumble After Hoskinson Is Accused Of Falsifying Credentials Avalanche (AVAX) records almost 30% in profits, as Ethereum (ETH) records 16% and Cardano (ADA) 13% profits over the past week.

2022-3-21 21:52


Фото:

Charles Hoskinson: Cardano Is Like An ‘Iceberg’ And The Coming Two Months Will Be ‘Wild’

The eleventh-largest cryptocurrency by market cap, Cardano (ADA), is like an ‘iceberg’ with a huge impact expected soon. At least that’s the word according to Charles Hoskinson. In a tweet on February 22, co-founder of Cardano Hoskinson, who is also an Ethereum alumnus, told the Cardano community to brace themselves for something big that is […]

2020-2-23 10:02


Фото:

Cardano (ADA) Announces PwC Partnership As Goguen Update Nears

Non-profit blockchain project Cardano (ADA) has announced a strategic partnership with global consultancy powerhouse PwC to boost market adoption of its native token. Cardano’s CEO Hoskinson Announces PwC Partnership In a YouTube live stream on Monday (January 27, 2020), Input Output Hong Kong (IOHK) CEO and founder of Cardano Charles Hoskinson disclosed plans to pushRead MoreRead More.

2020-1-29 15:00


Top Crypto Analyst Lays This Case for 100% Cardano (ADA) Price Surge

Near the top of the Bitcoin bull market in 2018, Cardano (ADA) was dominating. Everything. Aside from a few select altcoins in Ethereum, XRP, and BCH, ADA was at the top of the market, rallying on a seemingly strong team and the promise of Cardano becoming the next leading blockchain that could service everything and... The post appeared first on NewsBTC.

2020-1-22 12:28


Cardano, Monero and other altcoins with mid-market caps register sharp rise in performance

With all eyes fixed on Bitcoin's valuation at the moment, the lesser-known assets with medium-range market caps were seen performing better than the large market cap assets. According to Arcane ResThe post Cardano, Monero and other altcoins with mid-market caps register sharp rise in performance appeared first on AMBCrypto.

2020-1-12 23:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Shiba Inu Sees 144% Spike In Major Metric, But Why Is Price Down?

Shiba Inu (SHIB) saw a significant spike in a major metric, which signals a bullish outlook for the second-largest meme coin by market cap. Despite this, Shiba Inu’s price has failed to react positively, which can undoubtedly be a concern for token holders.

Shiba Inu Team Member Unveils Shibarium Hard Fork Date, Here’s The 411

In a recent X (formerly Twitter) post, Shiba Inu marketing lead, Lucie shared a blog highlighting the date for the upcoming launch of Shibarium’s network hard fork. According to Lucie, the new update will deliver fresh and advanced features for community members and users within the Shibarium ecosystem.

Crypto Analyst Reveals Play-By-Play Profit-Taking Strategy For Shiba Inu

Crypto analyst Crypto Noan has revealed a profit-taking strategy that crypto investors can adopt as they invest in Shiba Inu (SHIB), the second-largest meme coin by market cap. This strategy would be most beneficial to those who need guidance in securing profits as the meme coin continues to make significant price gains.  Price Levels To […]

Shiba Inu Burn Rate Sees Massive 2,076% Spike In 24 Hours

In an interesting turn of events, the Shiba Inu burn rate has received a massive boost in the last day. This is a welcome change to the slow momentum which the burn initiative had recorded over the last week, proving that the SHIB community is coming back to the table to burn more tokens. Shiba […]