Cardano ADA Tron TRX recently overtook ADA on the list of top 10 cryptocurrencies based on market capital. ADA’s price dropped significantly after a bearish August. But the asset seems to be recovering, with a surge of 8% on Tuesday and TRX gaining some ground. Cardano’s ADA will it be able to surpass Tron in the rankings with its recent jump?
ADA’s momentum has been positive in every aspect over the last 24-hours. The price of the asset has increased, as have its trading volume and market capitalization. Today, the market capitalization of this token has increased by 8%. Its trading volume over 24 hours was up 46%. ADA has gained 10% in the last week. This is a sign of a continued recovery from early August’s slump.
Despite ADA’s recent slowdown in price, the cryptocurrency continues to deliver its best performance on chain. According to the data provided by Into the Block this week, Cardano is still processing nearly $7 billion per day in transactions. Cardano has a stable market position, despite tokens’ moderate price movements and approaches.
Cardano ADA Will Pass TRX again and reach $0.50
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Investors are waiting to see ADA climb over the $1 mark, and then eventually surpass its previous high of $3.09. Leading on-chain price and metrics prediction company CoinCodex Cardano’s ADA has been painted in a positive light. The price prediction suggests that ADA may breach its previous highs. ATH of $3.09 It will reach its new peak of $3.23 by 2029. It’s five more years away and considered a good long-term investment.
If we look at the immediate future, ADA’s recent growth could indicate that it is heading back to $0.50. It hasn’t been that high since March 2024, when the crypto bubble began. Cardano will first have to breach the $0.40 mark in order for it to be considered a successful cryptocurrency. next Analysts say that if you can stay over $0.50 for a few weeks, then by the end the year could reach this level. Cardano ADA achieving $1 is possible, but unlikely to happen before 2025.
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Source: watcher.guru