Tron and Cardano Battle for 9th Spot on CoinMarketCap
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A tight race is ongoing between TRON (TRX) and Cardano (ADA) as both cryptocurrencies compete for the 9th spot on CoinMarketCap’s top 10.
In recent days, Cardano experienced a significant price hike, up by more than 5% within a week, which took its price to $0.6553 and market capitalization to $23.12 billion.
TRON is not too far behind, though. It trades at approximately $0.2467, with a market cap of roughly $23.43 billion, making the race very close.
Just a few hours ago, Cardano briefly overtook TRON to claim the 9th spot. However, at the time of writing, TRON has flipped back and regained its position. Although ADA took the lead for a brief moment, the two projects are racing neck and neck, moving positions based on market conditions.
One of the key reasons for Cardano’s rise is the increased trading activity and growing investor interest. Over the past 24 hours, ADA saw a trading volume of more than $724 million, which is higher than TRON’s volume of about $643 million.
Additionally, Cardano (ADA) and TRON (TRX) are both gaining significant traction. ADA is making waves with aggressive forecasts that it potentially taking the token to $7. On the other hand, TRON has also gained $0.2559 in the last week and reached a new yearly high.
The competition demonstrates just how fast things can shift in the world of crypto, where even minor price movements can make rankings change. Both TRON and Cardano are increasing and attracting a lot of attention, so the battle for the 9th place is still active — and could continue to change in the days to come.
