In an unexpected twist of events, Cardano (ADA) has officially been ousted from the top 10 cryptocurrencies by market capitalization. The popular altcoin has also been usurped by Tron (TRX), marking a significant shift in the crypto market. Cardano’s Fall From Grace According to reports from CoinMarketCap, Cardano has dropped out of the top 10 largest cryptocurrencies by market capitalization. The popular altcoin lost its long-standing position following significant price declines over the past week, which reduced its market capitalization to around $12.3 billion. Bill Morgan, a popular crypto enthusiast and analyst has also commented on the cryptocurrency’s recent fall from grace. Related Reading: Cardano Down 50% In 4 Months: Sellers Unrelenting, Best Time To Buy ADA? Cardano, once ranked top three amongst all cryptocurrencies during the bull run in 2021 has been experiencing drastic price declines due to widespread market correction. Over the past few months, Cardano’s price has consolidated around the $0.3 mark, witnessing only slight upticks during stable market conditions. Generally, Cardano’s price fundamentals have been somewhat weak, dropping by a whopping 58.6% from its March 2024 price high. ..
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