Cardano: Can ADA Flip TRX and DOGE?
The battle to remain in the top ten crypto’s list has become increasingly exciting. After being leapfrogged earlier this week, Cardano (ADA) could be preparing to flip both Tron (TRX) and Dogecoin (DOGE) in a notable surge. Now, the crypto market is waiting to see if the two tokens can fend off the resurgent asset.
TRX has enjoyed a meteoric rise for the last several days. The Tron token should get yet another bump from the recent meme coin platform, SunPump, that was teased by Justin Sun earlier this week. Moreover, DOGE could be set to skyrocket from the most recent Elon Musk effect. Does ADA still have what it takes? Let’s talk about it.
Also Read: Cardano Price Prediction: How High Can ADA Rise In September 2024?
The Battle For the Top 10: ADA Takes on TRX and DOGE
Cardano has returned to prevalence in the last 24 hours. In that time frame, it has increased as much as 8% to return to the $0.37 level. That marks a 10% increase in the last seven days, according to CoinMarketCap. Although selling pressure is expected, the price rally is an important note.
Indeed, Cardano’s ADA could be set to ride that rally to flip both TRX and DOGE. ADA recently saw its top ten positions relinquished to the surging Tron. Yet, that proved to incite traders to begin taking action. The flip led Cardano to increase as much as 5%.
Also Read: Dogecoin: Elon Musk Could Have DOGE Poised for a 90% Surge
Tron’s market cap has dipped, but ultimately stands firm. Now, the position will depend on the market sentiment. All three tokens have made important announcements being made. TRX should benefit from Tron’s recent meme coin endeavor, DOGE is looking to explode after another Musk influence, and ADA has the long-awaited Chang hard fork on the horizon.
Its up to Cardano’s game-changing update to potentially drive the crypto back up. The update is expected to take place today, and should incite a bullish sentiment. There is a difference of $252 million standing between ADA and its top ten spot. Only time will tell if it can conquer that in the coming week.