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- TON flipped ADA and it became the ninth largest asset in terms of market capitalization.
- ADA fell 15% last month and has barely increased since the start of 2024.
Cardano [ADA] The top 10 cryptocurrency list by market cap was in serious danger of being pushed down.
Cardano is no longer the only coin in circulation
Telegram’s cryptocurrency has seen a 16% increase in just 24 hours. Toncoin [TON] Data from CoinMarketCap showed. The king meme coin was not too long ago Dogecoin [DOGE] You can also read about the following: overtaken Cardano as measured by market value.
The repeated declines in the market ranking piqued interest among observers. predicting The ADA will eventually be surpassed by Avalanche [AVAX] As well as.
Cardano sees FUD, supporters defend
Negative Commentary Around ADA is surging, thanks to the underperformance of the coin on price charts. ADA dropped by 15 percent in the past month. Recorded Audio Any noticeable rise since the beginning of 2024
Influencers such as drew criticism and ridicule for the poor performance. Arthur HayesEven crypto exchanges such as Gemini.
Cardano has always vigorously rebutted these arguments. A passionate member of the community known as ADA Whale on X slammed the community for its recent hot topic about TON overtaking Cardano.
ADA Whale highlighted The stark differences in decentralization between the two projects. In Cardano, the top 10 TON holders control 60% of supply, while the top 10 TONs in ETH only have 8.96%.
Whale X/ADA
Cardano’s low fees, stability and other attributes are questioned by another proponent. The group also made an indirect comparison to Solana [SOL] What was the struggle with? transaction failures.
You can read more about it here ADA Price Prediction 2024-25
What is the reality on the ground?
Despite their spirited defence, ADA is struggling to gain favor with the large investors. AMBCrypto analyzed Santiment data and found that transactions over $1 million had dropped significantly in the last few weeks.
Moreover, the holdings of important whale groups shrank at the same time. This suggests that whales are selling off ADA.
Santiment