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Most of the coins from the top 10 list are again in the green area, according to CoinMarketCap.

In a significant development for the Cardano ecosystem, Cardano has welcomed the release of a major wallet update just ahead of the highly anticipated Chang hard fork. This wallet release marks a crucial step as Cardano prepares for one of its most transformative upgrades.

In the crypto arena, new projects are always created to stand out. A few projects have succeeded, including Cardano (ADA) and Toncoin (TON). But, nobody saw Intel Markets (INTL) coming – an innovative project in Stage 1 of its presale that could soar by 1,100% in 2024.

Ethereum Rivals – Solana (SOL), Cardano (ADA), and SUI are gradually gaining traction as Ether coin struggles to maintain recovery momentum. In August, the ETH price fell from $3242 to $2642, registering a loss of 20%.

TRON (TRX) price recently experienced a notable increase, rising over 15% in the past week. This uptick coincides with a broader recovery across global markets, signaling a positive shift for investors.

The fight for hegemony in the crypto market: Tron enters the top 10 and sweeps away Cardano

Top altcoins display recovers following Bitcoin's 5% 24-hour jump to reclaim the $61K mark. Meanwhile, Cardano appear ready to lead the charge. According to Santiment, ADA's weighted sentiment stood at a lucrative 1.69, outshining the likes of Bitcoin and Ethereum.

Cardano records a resurgence of bullish sentiments despite persistently underperforming in comparison to the broader market. This uptick in sentiment is particularly notable given the broader market context.

Cardano (ADA) has dropped out of the top ten cryptocurrencies by market capitalization, replaced by Tron (TRX), which saw a 14% rise over the past week.

Cardano price began gaining some strength as the price broke above some key resistance levels. While it has not cleared the main barrier, this upside move represents a significant shift from its prior downward trend.

At the peak of the 2020 to 2021 bull run, ADA, the native token of Cardano, rose to $3 in August. Interestingly, developers activated smart contracts around the top of this cycle after completing the Alonzo hard fork, ushering in the Goguen phase.

Cardano, a smart contracts platform and Ethereum competitor, is transiting and preparing for Voltaire after completing Basho. In the last phase, developers focused on scaling and performance enhancement.

The bullish run of Tron network's native TRX token in recent days has helped it dethrone Charles Hoskinson's Cardano (ADA) from the top 10 crypto rankings by market capitalization.

Based on recent market data, the cryptocurrency cardano (ADA) has fallen out of the top ten rankings, making way for tron (TRX) to take its place. ADA has struggled to hold its ground among the leading cryptocurrencies this year, and in the past 30 days alone, it has dropped 23% against the U.S. dollar.

In the cryptocurrency landscape, the majority of top cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) are continuously declining due to the current bearish market sentiment. Amid this downturn, Tron (TRX) is making waves with its impressive performance in recent days and also outshines Cardano (ADA).

The S&P 500 Index is nearing its all-time high, but Bitcoin is struggling to rise above $60,000, pointing to further underperformance in the near term.

TL;DR Cardano (ADA) has dropped to the eleventh position in the cryptocurrency ranking, with a market capitalization of approximately $12 billion. Since January, ADA has experienced a continuous decline in its market share. Its current dominance is 0.58%, a significant decrease from the 4.24% reached in 2022.

ADA falls from the top 10 list of largest cryptocurrencies as competing blockchains see an uptick in users.

Cardano's token is out of top 10 cryptocurrencies by market cap for the first time since hitting a market dominance of over 4% in 2021.

Bulls are losing their initiative at the beginning of the week, according to CoinMarketCap.

As just became known, the alignment of forces in crypto market rankings suddenly changed today. Thus, according to CoinMarketCap, Cardano (ADA) yielded its place in the top 10 to Tron (TRX).

Once a staple in the top 10 cryptocurrencies, Cardano has now slipped out of the top 10 by market capitalization.

Toncoin (TON)'s broader digital currency ecosystem is consolidated, with prices slipping from earlier bullish trends. What does not come as a surprise is that the current Toncoin market outlook is such that it is currently outshining that of its peers.

Cardano (ADA) is navigating a pivotal phase in its price movement. With the cryptocurrency's volatility at a six-week low, analysts are closely watching the $0.36 and $0.42 levels, which could play a significant role in determining ADA's next major trend.