With a 22% Weekly Surge, Cardano Returns to the Top 10 Cryptocurrencies
Like other non-stablecoin altcoins in the top 10, Cardano (ADA) is showing impressive growth: since the last week of June, its price has surged by 78%, surpassing Tron (TRX) and reclaiming the 10th spot among cryptocurrencies by market capitalization.
ADA's rally started after bouncing from a key support level at $0.5101.
According to CoinMarketCap, ADA’s market capitalization stands at $31.35 billion, above TRX’s $29.78 billion, which now holds the 11th spot. For comparison, TRON’s 7-day growth is more modest at just 6%.
Optimism around ADA is fueled by the broader altcoin momentum, alongside the potential inclusion of Cardano in crypto reserve funds, which remains a strong long-term growth catalyst.
Notably, news about crypto reserves already pushed ADA’s price higher in Q1 2025, and the recent breakout above the $0.85 resistance level has restored investor confidence in ADA’s bullish prospects.
See also: "CryptoQuant: Sharp Bitcoin Inflows to Exchanges Could Trigger Price Drop"
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