• TON flipped ADA to become the ninth-largest asset by market cap.
• ADA plunged 15% in the last month, and barely recorded any noticeable increase since 2024 began.

Cardano [ADA] was at a serious risk of getting pushed out of the top 10 cryptos by market capitalization list.

Another coin surpassed Cardano

After an impressive 16% jump in the last 24 hours, Telegram-linked cryptocurrency Toncoin [TON] flipped Cardano to become the ninth-largest asset by market cap, data from CoinMarketCap showed. Not too long ago, the king of meme coins Dogecoin [DOGE] had overtaken Cardano in terms of market value.

These repeated slides in market rankings piqued the interest of observers, with many predicting that ADA would eventually be bettered by Avalanche [AVAX] as well.

Cardano sees FUD, supporters defend

Negative commentary around ADA has surged over the past month or so, helped by the coin’s under par performance on the price charts. ADA plunged by 15% in the last month, and barely recorded any noticeable increase since 2024 began.

The lackluster performance invited criticism, and at times, ridicule and jibes from influencers like Go to Source to See Full Article
Author: Aniket Verma

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