Ethereum

Cardano

Cardano (ADA) has dropped to 11th place in the global cryptocurrency rankings by market capitalization. 
The cryptocurrency, which once held a dominant position in the market, currently sits just below TRON’s TRX altcoin with a market cap of $11.95 billion. 
<img decoding="async" class="alignnone size-full wp-image-151466" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/08/cardano-trx.jpg" alt="" width="1037" height="190"> 
The decline is part of an overall downtrend for ADA, which has been gradually losing market share since January. While the token has seen a modest recovery after the 2022 bear market, it has failed to maintain its position among the top 10 cryptocurrencies. 
Related News: <a href="https://en.bitcoinsistemi.com/analytics-company-announces-expectations-following-recent-developments/" target="_blank" rel="dofollow">Analytics Company Announces Expectations Following Recent Developments</a> 
Over the past month, Cardano’s total market cap has fallen from $16 billion to its current position. At its all-time high, ADA’s market cap exceeded $90 billion. 
Cardano was launched in 2017 by Ethereum co-founder Charles Hoskinson to develop a new blockchain focused on security and scalability. Cardano was one of the first networks to implement a proof-of-stake consensus mechanism while preserving Bitcoin’s UTXO ledger model. 
In its early days, ADA had a market dominance of just 0.3%, but it quickly gained momentum during the 2017 crypto bull run. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/end-of-an-era-major-altcoin-no-longer-among-the-worlds-top-10-cryptocurrencies/">End of an Era: Major Altcoin No Longer Among the World’s Top 10 Cryptocurrencies</a>

End of an Era: Major Altcoin No Longer Among the World’s Top 10 Cryptocurrencies

Bitcoin Sistemi EN

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