Cardano ADA asset stands as the 10th largest cryptocurrency with a market cap of $13.05 billion. Tron TRX, on the other hand, has settled in the 11th spot with its market value at $12.92 billion. Tron TRX briefly surpassed Cardano ADA on the cryptocurrency market capitalization rankings, but Cardano recently took its spot back. Both assets are neck and neck in terms of market cap, and experts are speculating which will sit in the tenth spot come the end of the weekend.
Numerous factors contributed to Cardano’s decline to 11th place previously. The current state of the market, which is driven by several aspects such as investor mood, market trends, and general market circumstances, might be blamed for ADA’s position decline. However, the coin has been on the mend, rallying 15% over the past week. TRX, while it has had a better-performing month, has stagnated in the past week. This pause in growth allowed Cardano ADA to regain its top-10 spot in market cap over Tron’s TRX.
Cardano ADA Likely to Stay Ahead of Tron TRX?
Source – Capital.com
Cardano has already surpassed previous price predictions for September by many market experts The asset is expected to continue its growth over the next month, perhaps reaching $0.40. It is far below its all-time high valuation, however, investors are returning to the coin after the bearish summer. Tron, on the other hand, has performed well, but its spike has slowly run out of speed.
Unless a major update comes over the weekend, ADA will likely remain in the top-ten spot by market cap over TRX. The assets are just over $100M apart in terms of market cap, but Cardano’s market cap is currently up while Tron is down.
In terms of immediate future price predictions, ADA’s recent rise could mean the asset is headed back to $0.50. The coin hasn’t reached that high since the March 2024 crypto boom. If Cardano can first breach $0.40 and successfully stay above it, $0.50 is possible by the end of the year. Tron is not far from its all-time high, but SunPump has appeared to pause pumping the price of the network’s native cryptocurrency.
