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Cardano (ADA) falls out of the top ten cryptocurrencies

Cardano (ADA) falls out of the top ten cryptocurrencies


In the past week, Cardano (ADA) has been pushed out of the top ten cryptocurrencies based on market capitalization and replaced by Tron (TRX), which has risen by 14% during the same period.

While ADA held a gain of 2%, it is now trading at $0.34, reflecting the decline amid a broader downward market trend last week. Consequently, the shift in positions has also mirrored the decrease in the global market capitalization of cryptocurrencies, which currently stands at approximately $2.1 trillion, representing a 2% reduction within seven days.

Despite a 3.5% increase in ADA's price within 24 hours, the price-DAA divergence has fallen, indicating limited participation from unique addresses in transactions related to the price. Such a situation typically serves as a warning to traders of potential speculative activity or manipulation by a handful of investors.