Cardano

Bitcoin

Toncoin

Lido Staked ETH

April

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 <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>
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    Machine learning algorithm sets Cardano price for April 30, 2024 <span class="self-center text-xs text-slate-500">2 hours ago</span>
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 <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">
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   Cryptocurrencies index by market cap. Source: Finbold
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 <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">
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   Cryptocurrencies index by market cap. Source: <em>CoinMarketCap</em>
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 <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">
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   Lido Staked ETH (stETH) ranks on <em>CoinGecko</em> (above) and <em>CoinMarketCap</em> (below). Source: Finbold
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 <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">
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   Cardano (ADA) daily price chart. Source: <em>TradingView</em> (Finbold)
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 <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>
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<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?

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