Cardano Slips to 10th Position, Underperforming in a Surging C | Droppers of btc

Cardano Slips to 10th Position, Underperforming in a Surging Crypto Market

TON Overtakes ADA, Shuffling the Rankings

Despite a crypto market surge, Cardano (ADA) finds itself slipping to the 10th position. While bitcoin and ethereum have soared, ADA's growth has been more subdued.

ADA vs. AVAX: The Battle for Market Cap

ADA may have slipped, but it still holds a lead over Avalanche (AVAX) in terms of market capitalization. ADA stands at over $22 billion, while AVAX trails at $18.27 billion.

ADA's Struggle to Reach Previous Heights

While BTC and many other cryptos are reaching new heights, ADA is still a staggering 80% below its peak of $3.09 per coin in September 2021.

Trading Insights: Bearish Indicators and Busy Binance

Stats show that ADA's market indicators are currently "bearish," with only 54% of holders seeing profit. Meanwhile, Binance remains the top platform for ADA transactions.

USDT Dominates, Korean Won Makes Its Mark

When it comes to trading partners, ADA sees significant activity with USDT, USD, KRW, BTC, EUR, and USDC. Notably, over 10% of all ADA exchanges happen in Korean won.

ADA's Defi Ranking and NFT Sales

In the world of decentralized finance (defi), ADA ranks 17th in terms of total value locked (TVL). And when it comes to NFT sales, ADA-centric NFTs secure the eighth spot among top blockchains.

The Future of ADA: A Bullish Turn?

ADA's recovery from its underperformance remains uncertain. But as with any cryptocurrency, unexpected turns are always on the horizon, making the future of ADA an intriguing one to watch.