Cardano

Bitcoin

Toncoin

Lido Staked ETH

April

<div class="finbold">
 <p class="paragraph">Toncoin (TON) has surpassed Cardano (ADA) in market capitalization, entering the top 10 most valuable cryptocurrencies in leading indexes. Cardano lost this position to the thriving competitor as bearish signals started rising for ADA in the past few days.</p>
 <p class="paragraph">Notably, the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency landscape shift happened as TON registered a $24.2 billion market cap against ADA’s $21.3 billion. The Finbold index retrieved this data from <em>CoinGecko’s </em>API on April 9, which displays a similar state.</p>
 <p class="paragraph">Furthermore, the index shows Toncoin’s positive 7-day price performance, trading at $6.94, against Cardano’s negative action at $0.60.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    This is the 'Wolf of Wall Street's' largest stock holding <span class="self-center text-xs text-slate-500">2 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    PlanB's Bitcoin forecast: Eyeing $100k, surpassing $200k <span class="self-center text-xs text-slate-500">21 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    R. Kiyosaki issues stark warning: Inflation is ‘eating American families alive’ <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Machine learning algorithm sets Cardano price for April 30, 2024 <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="163" src="https://cdn.thebittimes.com/images/2024/04/09/57ccb96f7166c620c36b86d5f4c67c26.webp" alt class="wp-image-167499" srcset="https://cdn.thebittimes.com/images/2024/04/09/57ccb96f7166c620c36b86d5f4c67c26.webp 1024w, https://cdn.thebittimes.com/images/2024/04/09/57ccb96f7166c620c36b86d5f4c67c26.webp 300w, https://cdn.thebittimes.com/images/2024/04/09/57ccb96f7166c620c36b86d5f4c67c26.webp 768w, https://cdn.thebittimes.com/images/2024/04/09/57ccb96f7166c620c36b86d5f4c67c26.webp 1536w, https://cdn.thebittimes.com/images/2024/04/09/57ccb96f7166c620c36b86d5f4c67c26.webp 1612w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Cryptocurrencies index by market cap. Source: Finbold
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-cardano-still-in-coinmarketcap-s-top-10">Cardano still in CoinMarketCap’s top 10</h2>
 <p class="paragraph">However, Cardano still <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> as the 10th most <a rel="noopener noreferrer nofollow" title="valuable" href="https://thebittimes.com/tag/valuable.html">valuable</a> <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency in the market according to the <em>CoinMarketCap </em>index. The index discrepancy has raised doubts and controversy among the project’s supporters, but it has a simple explanation.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="269" src="https://cdn.thebittimes.com/images/2024/04/09/800cd6888f483c334c3c3b0c6749a07e.webp" alt class="wp-image-167500" srcset="https://cdn.thebittimes.com/images/2024/04/09/800cd6888f483c334c3c3b0c6749a07e.webp 1024w, https://cdn.thebittimes.com/images/2024/04/09/800cd6888f483c334c3c3b0c6749a07e.webp 300w, https://cdn.thebittimes.com/images/2024/04/09/800cd6888f483c334c3c3b0c6749a07e.webp 768w, https://cdn.thebittimes.com/images/2024/04/09/800cd6888f483c334c3c3b0c6749a07e.webp 1156w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Cryptocurrencies index by market cap. Source: <em>CoinMarketCap</em>
  </figcaption>
 </figure>
 <p class="paragraph">Essentially, each index provider can establish its own rules for arbitrarily ranking <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies, which includes objective data or particular preferences. For undisclosed reasons, <em>CoinMarketCap</em> does not include Lido’s Stacked ETH (stETH) tokens on its first page, which <em>CoinGecko</em> does.&nbsp;</p>
 <p class="paragraph">Interestingly, both indexes recognize stETH capitalization at above $34.5 billion. Yet, <em>CoinMarketCap</em> places it in the 201st position, while <em>CoinGecko</em> ranks it 6th, according to its market cap.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="152" src="https://cdn.thebittimes.com/images/2024/04/09/3ab8d8dfe8dc7ea3d2d75c585bc0c089.webp" alt class="wp-image-167501" srcset="https://cdn.thebittimes.com/images/2024/04/09/3ab8d8dfe8dc7ea3d2d75c585bc0c089.webp 1024w, https://cdn.thebittimes.com/images/2024/04/09/3ab8d8dfe8dc7ea3d2d75c585bc0c089.webp 300w, https://cdn.thebittimes.com/images/2024/04/09/3ab8d8dfe8dc7ea3d2d75c585bc0c089.webp 768w, https://cdn.thebittimes.com/images/2024/04/09/3ab8d8dfe8dc7ea3d2d75c585bc0c089.webp 1536w, https://cdn.thebittimes.com/images/2024/04/09/3ab8d8dfe8dc7ea3d2d75c585bc0c089.webp 1612w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Lido Staked ETH (stETH) ranks on <em>CoinGecko</em> (above) and <em>CoinMarketCap</em> (below). Source: Finbold
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="ada-price-analysis">ADA price analysis</h2>
 <p class="paragraph">In the meantime, Cardano’s native token, ADA, trades at $0.61 against the dollar, according to the <em>TradingView</em> crypto index.</p>
 <p class="paragraph">Previously, Finbold reported ADA trading slightly above the $0.57 key support level. On that note, we explained that losing this support would be a bearish signal for the token.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/04/09/bf92993758bcb73feda52ab76d78269b.webp" alt class="wp-image-167504" srcset="https://cdn.thebittimes.com/images/2024/04/09/bf92993758bcb73feda52ab76d78269b.webp 1024w, https://cdn.thebittimes.com/images/2024/04/09/bf92993758bcb73feda52ab76d78269b.webp 300w, https://cdn.thebittimes.com/images/2024/04/09/bf92993758bcb73feda52ab76d78269b.webp 768w, https://cdn.thebittimes.com/images/2024/04/09/bf92993758bcb73feda52ab76d78269b.webp 1536w, https://cdn.thebittimes.com/images/2024/04/09/bf92993758bcb73feda52ab76d78269b.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Cardano (ADA) daily price chart. Source: <em>TradingView</em> (Finbold)
  </figcaption>
 </figure>
 <p class="paragraph">Yet, Cardano resisted the downward breakout for now, and stages what could be a trend reversal, as it gains momentum.</p>
 <p class="paragraph">Looking for further insights, Finbold turned to <em>CoinCodex</em>‘s machine-learning algorithm, which prices ADA at $0.626 on April 30. Therefore, despite temporary winning against the bearish signal of a possible support breakout, Cardano’s price forecast remains neutral for the rest of the month.</p>
 <p class="paragraph">Investors now wonder if this will be enough for ADA to get back among the top 10 most valuable cryptocurrencies.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cardano-is-out-of-the-top-10-most-valuable-cryptocurrencies-what-s-next-for-ada-tbt84923.html">https://thebittimes.com/cardano-is-out-of-the-top-10-most-valuable-cryptocurrencies-what-s-next-for-ada-tbt84923.html</a></p>

Cardano is out of the top 10 most valuable cryptocurrencies; What’s next for ADA?

Table of Contents

TheBitTimes

Другие статьи, опубликованные 9 апр. 2024 г.

dWallet Network brings multi-chain DeFi to Sui, featuring native Bitcoin and Ethereum

Mezo Initiative: Enhancing Bitcoin Usability and Adoption

Solana (SOL) & Bitcoin (BTC) Big Bet: Kelexo (KLXO) Presale Poised to Reshape the Lending Landsca...

NEO Price Prediction: Is NEO Ready to Make the Leap?

Solana-based NFT Marketplace Tensor’s TNSR Token Gains Traction With Major Exchange Listings

Ethereum ETF Approval Uncertain Amid SEC’s Tightened Crypto Oversight

Join our free newsletter for daily crypto updates!