Cardano Moves to Eighth in Market Cap, Overtaking Dogecoin and TRON
Cardano's market cap rose to $33 billion, surpassing TRON and Dogecoin, placing it eighth among cryptocurrencies. Currently, ADA is trading at $0.9225, reflecting a 16% gain over the past week.
Market Dynamics
- Global crypto market cap peaked at $4.17 trillion on August 14.
- Bitcoin reached an intraday high of $124,388 before correcting to about $115,259.
- Total capitalization now sits around $3.88 trillion.
Community Response
- Cardano hit the $1 mark on August 14, generating significant social media activity.
- Founder Charles Hoskinson noted the moment with a GIF.
- The price jump reflects renewed buyer interest after previous stagnation.
Analyst Predictions
- Javon Marks suggests a near-term target of $1.20 and a long-term goal of $2.91 for ADA.
- Technical indicators show potential for further gains, including a golden cross on daily charts.
- Some analysts predict ADA could approach $3 if momentum continues.
Short-Term Outlook
- Predictions indicate ADA could rise by 27%, reaching approximately $1.20 by September 18, 2025.
- Sentiment is bullish with a Fear & Greed Index reading of 56 (Greed).
- Cardano recorded 57% green days over the past month with 8.57% volatility.