Cardano (ADA) drops out of the top 10 in favor of Ton

[yhiaali3]

Cardano has seen a significant decline in the price of its ADA coin over the past few hours. ADA has lost its place in the top ten cryptocurrencies, falling to 11th place, despite its increased market value. It was replaced by Ton, despite its price falling.



According to data from “coingecko”, Cardano has fallen to 11th place with a market value of around $11.55 billion, despite a slight increase of 0.6% in this value.

This decline is a significant decline compared to the period that witnessed great enthusiasm around the “Chang” upgrade, which was a strong boost for ADA.

However, earlier in August, Cardano saw a similar decline, but it regained its place in the top ten thanks to the hype surrounding the upgrade.

The competition is still fierce between ADA and Ton for the tenth place. Who do you think will win in the end?

[MrSpasybo]

Cardano has seen a significant decline in the price of its ADA coin over the past few hours. ADA has lost its place in the top ten cryptocurrencies, falling to 11th place, despite its increased market value. It was replaced by Ton, despite its price falling.

According to data from “coingecko”, Cardano has fallen to 11th place with a market value of around $11.55 billion, despite a slight increase of 0.6% in this value.

This decline is a significant decline compared to the period that witnessed great enthusiasm around the “Chang” upgrade, which was a strong boost for ADA.

However, earlier in August, Cardano saw a similar decline, but it regained its place in the top ten thanks to the hype surrounding the upgrade.

The competition is still fierce between ADA and Ton for the tenth place. Who do you think will win in the end?

Honestly, I understand the power of Ton and Telegram but I can't understand the motivation behind TRX strong price growth and its current position in the top 9, even though its technology and ecosystem aren't as valuable as Cardano's. Investors are focusing on price charts to seek opportunities instead of objectively following and evaluating the technology and practical application of blockchain.

As a Cardano fan, I believe in the potential of the solutions being developed by IOHK and think that ADA will soon return to the top 10 thanks to the impressive price increase in this bullrun. Although I have some concerns, these negative emotions aren't enough to make me stop holding ADA until Q2 2025.

[Gurujebs]

The competition is still fierce between ADA and Ton for the tenth place. Who do you think will win in the end?

I can still remember how Cardano was been overhyped, if anyone told me Ada price will be where it's right now, I wouldn't believe because the rub was crazy and people became very rich from there Ada investment but the way it's now rubbish, it seems people no longer see what they were seeing before now and perhaps no progress as it was promised.

I remember Cardano was saying they are going to allow utilities like something similar to ethereum comes to their network but the project doesn't look simple as it is. So many people are no having it easy but Ton is not just launching project, they are giving incentive to their developers and that's why Ton seems to be the new hot cake.

[electronicash]

we see it over time since 2015. the old tokens as well were nowhere to be found in the 100 rank.
can't say i'm a fan of Cardano but i have some few of them during the time when they promised to give away some Midnight tokens to holders but lost my patience for it. ADA always has a slow climb of its price even in the last bull season.

TRON is way surprising actually. i think the Chinese are seeing more reliable and it got a USDT on its network.

[yhiaali3]

Honestly, I understand the power of Ton and Telegram but I can't understand the motivation behind TRX strong price growth and its current position in the top 9, even though its technology and ecosystem aren't as valuable as Cardano's. Investors are focusing on price charts to seek opportunities instead of objectively following and evaluating the technology and practical application of blockchain.

The main reason behind the growth of TRX is probably the cheap fees of the Tron network, TRX fees are very cheap and very fast I use it often to transfer my assets between exchanges because it costs only cents and is very fast.

I have always used USDT Tron for my transactions where the fees were low less than $1 but recently it has increased to exceed $2 due to congestion on the network and this shows the huge amount of transactions that the network receives daily.

[yhiaali3]

The competition is still fierce between ADA and Ton for the tenth place. Who do you think will win in the end?

I can still remember how Cardano was been overhyped, if anyone told me Ada price will be where it's right now, I wouldn't believe because the rub was crazy and people became very rich from there Ada investment but the way it's now rubbish, it seems people no longer see what they were seeing before now and perhaps no progress as it was promised.

I remember Cardano was saying they are going to allow utilities like something similar to ethereum comes to their network but the project doesn't look simple as it is. So many people are no having it easy but Ton is not just launching project, they are giving incentive to their developers and that's why Ton seems to be the new hot cake.

Yes, me too, although I was a fan of Cardano, I started to think that it is losing its luster with time, unlike Ton, which is just starting to gain its luster with many promising projects and applications on the network.

Ton is the new hot cake at the moment, but I don’t know if it will be able to withstand the increasing usage, we saw when the DOGS token was recently demanded, the amount of problems and delays that occurred on the network due to the unexpected high pressure, so Ton developers need to work on solving this problem or it will hinder the growth of the network in the future.

[MrSpasybo]

The main reason behind the growth of TRX is probably the cheap fees of the Tron network, TRX fees are very cheap and very fast I use it often to transfer my assets between exchanges because it costs only cents and is very fast.

I have always used USDT Tron for my transactions where the fees were low less than $1 but recently it has increased to exceed $2 due to congestion on the network and this shows the huge amount of transactions that the network receives daily.

I suspect that the increase in transaction volume on the Tron network is coming from SunPump, meaning from the thousands of memecoins that are being created quickly and easily on Tron but most of which are meaningless and fail quickly. If TRX price is being supported by memecoins, this is absurd because a blockchain was not created to be a dumping ground for memecoins.

Well, I focus on profit in investing but I have a particular fondness for Cardano technology and solutions. I hope that with many upgrades throughout the crypto winter, Cardano will soon prove its value in the blockchain market and create an impressive recovery of ADA price to help ADA have a successful bullrun 2025 like the bullrun 2021.

[electronicash]

The main reason behind the growth of TRX is probably the cheap fees of the Tron network, TRX fees are very cheap and very fast I use it often to transfer my assets between exchanges because it costs only cents and is very fast.

I have always used USDT Tron for my transactions where the fees were low less than $1 but recently it has increased to exceed $2 due to congestion on the network and this shows the huge amount of transactions that the network receives daily.

I suspect that the increase in transaction volume on the Tron network is coming from SunPump, meaning from the thousands of memecoins that are being created quickly and easily on Tron but most of which are meaningless and fail quickly. If TRX price is being supported by memecoins, this is absurd because a blockchain was not created to be a dumping ground for memecoins.

Well, I focus on profit in investing but I have a particular fondness for Cardano technology and solutions. I hope that with many upgrades throughout the crypto winter, Cardano will soon prove its value in the blockchain market and create an impressive recovery of ADA price to help ADA have a successful bullrun 2025 like the bullrun 2021.

ADA took the 10th position once again.  this bounce may just be another bull trap so i wouldn't really try buying back any tokens just to ride these pumps. but the bounce are synchronized to what goes on in politics. i guess promoting Kamala and and her ahead on polls is going to be synchronized withe the bull run    its a good campaign but it may just end in Nov as well. 

SunPump looks like a real name for pump and dump token. they didn't bother to hide the purpose of the memecoin. good job to the creator.

[yhiaali3]

ADA took the 10th position once again.  this bounce may just be another bull trap so i wouldn't really try buying back any tokens just to ride these pumps. but the bounce are synchronized to what goes on in politics. i guess promoting Kamala and and her ahead on polls is going to be synchronized withe the bull run    its a good campaign but it may just end in Nov as well. 

Yes I just saw it, ADA is back to take the 10th spot again, but this time it left TRX behind.

What is interesting is that Ton moved up to the 9th spot after first overtaking ADA and then TRX, this shows a very good performance for Ton despite the fact that its founder is currently under house arrest in France.

[SmartGold01]

The main reason behind the growth of TRX is probably the cheap fees of the Tron network, TRX fees are very cheap and very fast I use it often to transfer my assets between exchanges because it costs only cents and is very fast.

I have always used USDT Tron for my transactions where the fees were low less than $1 but recently it has increased to exceed $2 due to congestion on the network and this shows the huge amount of transactions that the network receives daily.

I suspect that the increase in transaction volume on the Tron network is coming from SunPump, meaning from the thousands of memecoins that are being created quickly and easily on Tron but most of which are meaningless and fail quickly. If TRX price is being supported by memecoins, this is absurd because a blockchain was not created to be a dumping ground for memecoins.

Well, I focus on profit in investing but I have a particular fondness for Cardano technology and solutions. I hope that with many upgrades throughout the crypto winter, Cardano will soon prove its value in the blockchain market and create an impressive recovery of ADA price to help ADA have a successful bullrun 2025 like the bullrun 2021.

I also experience the sudden change in trx network but didn't get information that there are some memecoin that are being launched on the network causing congestion. Usually trx is one of my most favorite blockchain I used for transaction and it's fast and smart for payment without stress unlike other network waits for some confirmation before coin would reflect to the other receiving network.

[MrSpasybo]

I also experience the sudden change in trx network but didn't get information that there are some memecoin that are being launched on the network causing congestion. Usually trx is one of my most favorite blockchain I used for transaction and it's fast and smart for payment without stress unlike other network waits for some confirmation before coin would reflect to the other receiving network.

I only use Tron when transferring TRC-20 USDT between CEXs, mainly from KuCoin and GateIO to Binance to sell via Binance P2P. I've tried looking at reviews of some Tron-based entertainment dApps, but I don't really have a need to experience them, so I don't have much affection for this ecosystem, especially with the notorious Justin Sun at the helm. I believe that when Tether chooses a more popular and better blockchain than Tron, Tron existence will end.

As for Cardano, its unique development path ensures it can't be replaced by other blockchains. The scalability and governance issues have been addressed by Hydra and Chang, and the remaining DeFi challenges can be solved soon to unlock the full potential of this powerful ecosystem. This is why I believe ADA will make a comeback in this bullrun and will once again be a worthy investment and a top 10 coin by marketcap.

[electronicash]

I also experience the sudden change in trx network but didn't get information that there are some memecoin that are being launched on the network causing congestion. Usually trx is one of my most favorite blockchain I used for transaction and it's fast and smart for payment without stress unlike other network waits for some confirmation before coin would reflect to the other receiving network.

I only use Tron when transferring TRC-20 USDT between CEXs, mainly from KuCoin and GateIO to Binance to sell via Binance P2P. I've tried looking at reviews of some Tron-based entertainment dApps, but I don't really have a need to experience them, so I don't have much affection for this ecosystem, especially with the notorious Justin Sun at the helm. I believe that when Tether chooses a more popular and better blockchain than Tron, Tron existence will end.

As for Cardano, its unique development path ensures it can't be replaced by other blockchains. The scalability and governance issues have been addressed by Hydra and Chang, and the remaining DeFi challenges can be solved soon to unlock the full potential of this powerful ecosystem. This is why I believe ADA will make a comeback in this bullrun and will once again be a worthy investment and a top 10 coin by marketcap.

you think its ADA will be chosen by Tether?
The company Tether will negotiate with the smart contract platform and that they will give a bargain for it afaik which they will ask to have more control over the USDT in the network like freezing or so. USDT in TRON must mean its with them for as long as it could and long as Tron will be obedient and are being used my the community then TRX will be among the top 10.

to me it doesn't matter where they rank in CMC as long as the got great prices, i'd appreciate it already.

[MrSpasybo]

you think its ADA will be chosen by Tether?
The company Tether will negotiate with the smart contract platform and that they will give a bargain for it afaik which they will ask to have more control over the USDT in the network like freezing or so. USDT in TRON must mean its with them for as long as it could and long as Tron will be obedient and are being used my the community then TRX will be among the top 10.

to me it doesn't matter where they rank in CMC as long as the got great prices, i'd appreciate it already.

I don't think we can expect USDT on Cardano anytime soon due to technological and governance hurdles on Cardano. I'm simply presenting my perspective on the current state of the Tron blockchain and TRX impressive price increase, without any need for positive news related to updates or developments in the ecosystem.

Regardless of its ranking on Coinmarketcap, the value of the Cardano blockchain remains unchanged. However, a top 10 position can offer significant marketing value, helping to confirm ADA attractiveness as an investment and Cardano potential for future use. Honestly, I rarely pay attention to tokens outside the top 50 in the market ^^

[SmartGold01]

I also experience the sudden change in trx network but didn't get information that there are some memecoin that are being launched on the network causing congestion. Usually trx is one of my most favorite blockchain I used for transaction and it's fast and smart for payment without stress unlike other network waits for some confirmation before coin would reflect to the other receiving network.

I only use Tron when transferring TRC-20 USDT between CEXs, mainly from KuCoin and GateIO to Binance to sell via Binance P2P. I've tried looking at reviews of some Tron-based entertainment dApps, but I don't really have a need to experience them, so I don't have much affection for this ecosystem, especially with the notorious Justin Sun at the helm. I believe that when Tether chooses a more popular and better blockchain than Tron, Tron existence will end.

As for Cardano, its unique development path ensures it can't be replaced by other blockchains. The scalability and governance issues have been addressed by Hydra and Chang, and the remaining DeFi challenges can be solved soon to unlock the full potential of this powerful ecosystem. This is why I believe ADA will make a comeback in this bullrun and will once again be a worthy investment and a top 10 coin by marketcap.

The true facts which you just outlined here because if there were any better network for transaction then Tron wouldn't be this valuable, and if more smart and reliable system being built then Tron might be kicked out like some other projects out there or even though it's not completely left out the likelihood of people pulling out there investment would be so high.  However, I never see ADA to be completely abandoned, I think it's still among top 20 thereabouts.

[Stompix]

Dash, Eos, Polygon, Stellar, Dot
We should all know the drill by now, once something more shinny appears and drives hype up the opposite way is open for the rest!

As for Cardano, its unique development path ensures it can't be replaced by other blockchains. The scalability and governance issues have been addressed by Hydra and Chang, and the remaining DeFi challenges can be solved soon to unlock the full potential of this powerful ecosystem. This is why I believe ADA will make a comeback in this bullrun and will once again be a worthy investment and a top 10 coin by marketcap.

Development that only the team wants and usage is at the lowest levels, it's 25% of its peak last year despite everything added to the chain, it's usage is on par with Litecoin right now, not even close to what others in the top 10 have on their regular days.
The moment you go fully elitist in your development and you ignore obvious usage and popularity advantages, like cheap USDT transfers that have made Tron popular with exchanges and websites, that's the moment you lose!