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Cardano (ADA) rockets past Shiba Inu and Toncoin to return to the top 10. Cardano returned to the top 10 currencies. But how did this happen?
Popular cryptocurrency Cardano (ADA) has re-entered the top 10 crypto assets by market capitalization, according to Cryptocurrency. What seems to be a story of stability and anomaly.
Therefore, according to CoinMarketCap data, Cardano took the ninth place in the top ten with a capital of $16.44 billion. It was followed by Shiba Inu (SHIB) in 10th place with a market capitalization of $16.13 billion, followed by Toncoin (TON) with an estimated market capitalization of $15.65 billion.
It is worth noting that a few hours ago, the Cardano token had lost its place in the top 10. At the time, Shiba Inu (SHIB) outperformed ADA amid a rally in cryptocurrency memes and a decline in the price of the Cardano token.
TON, meanwhile, was unchanged in the top 10, with its market capitalization falling from $22.65 billion to $15.66 billion. The reason for adjusting the TON figure is unclear.
However, this has obviously had a positive effect on Cardano. In contrast, the SHIB situation is simpler. Here the price of the Shiba Ino token fell and as a result its rank dropped.
It is interesting to note that despite the apparent lack of interest in the ADA token and claims that it is an unnecessary “ghost chain”, the Cardano token continues to occupy a prominent place in the cryptocurrency landscape.
Its flexibility, even at current price levels, is enough to make it the ninth largest cryptocurrency in the market, with an estimated market capitalization of several trillion dollars.
