Possibility Emerges for Cardano to Surpass Tron: Justification Provided

Cardano Rallies, Potentially Flipping Tron in Market Capitalization

Cardano (ADA) has seen a significant surge in its trading volume, with a 28.24% increase to $1.09 billion, according to the latest data from CoinMarketCap. This rally is due to a technical breakout, triggered by the activities of large holders and exchange-traded fund (ETF) speculations.

As of press time, Cardano is trading at $0.844, representing a 3.26% increase in the last 24 hours. If Cardano continues to climb, it may potentially flip Tron again in terms of market capitalization.

In contrast, Tron has experienced a slight 0.08% decline in price, with Tron currently trading at $0.3386. Tron's trading volume, however, has seen an increase of 31.31% to $947.28 million.

Cardano previously hit an intraday peak of $0.8461 before witnessing a slight correction. If Cardano surges to $0.90, it would have enough market capitalization to potentially flip Tron, which currently stands at $32.06 billion. If this happens, Cardano's market capitalization would increase from the current $30.12 billion to over $32.1 billion.

The increased activity of ecosystem whales suggests a potential for ADA to climb higher in the rankings. Cardano's growing ecosystem, with over 1.1 million users and expanding applications in supply chain, IoT, and identity management, is a significant factor in its potential growth. Strong positive price forecasts for ADA with potential above $1 by 2025 also contribute to its bullish outlook.

However, the possibility that Cardano will overtake Tron in the Top 10 cryptocurrencies soon depends on several factors. Market trends, technological upgrades, adoption rates, and regulatory environment will be decisive in Cardano surpassing Tron in market capitalization and ranking. While Cardano shows promising signs, Tron faces challenges such as regulatory risks, reliance on stablecoin transactions, and moderate growth with a price outlook under $0.7 in optimistic scenarios.

The current market momentum of Cardano is aiming for a potential price level of $0.90. Cardano's Relative Strength Index (RSI) is 45.2, indicating that the cryptocurrency is neither overbought nor oversold, suggesting that there is room for further growth.

As of mid-August, Cardano flipped Tron and climbed to eighth place, but could not find stability. If Cardano manages to maintain its current momentum and overcome its challenges, it could potentially secure a place in the Top 10 cryptocurrencies for the long term.