Reports show that Cardano's market cap has climbed to $33 billion, surpassing TRON's nearly $33 billion and Dogecoin's $32 billion.
#ADA! The trading price is $0.9225, up 0.35% on the day, and up 16% from last week when this report was published.
Cardano surpasses Dogecoin and TRON
This shift occurred against the backdrop of widespread volatility in the cryptocurrency market. Reports indicate that on August 14, the global market cap peaked at $4.17 trillion, as Bitcoin soared to an intraday high of $124,388.
Market: The market cap of Cardano $ADA has surpassed DOGE and TRON, currently making it the eighth largest cryptocurrency in the world.
The road to third place. 🏆 pic.twitter.com/5FgelJypIR
— Cardanians (CRDN) (@Cardanians_io) August 19, 2025
This strength did not last long; the market experienced a pullback, and as of the time of writing, the total market cap is approximately $3.88 trillion, with Bitcoin trading close to $115,259, down 5.5% from the top. These fluctuations have caused changes in the rankings of the top ten, as investors chase short-term trends.
Community reactions and price movements
On August 14, Cardano once again hit the $1 mark, and social media platforms became active. Founder Charles Hoskinson posted a lighthearted GIF to commemorate the moment, and traders believe this rebound indicates that buyers have at least partially returned strongly in the upward trend.
After a long period where developmental milestones did not always translate into price action, attention has been rekindled, and the rise in August indicates how quickly market sentiment can change.
Analysts point to higher targets
With the rise of ADA, several analysts have also expressed bullish predictions. Jafon Marks stated that ADA has not yet reached its 'minimum target', setting a short-term target of $1.20 and a long-term target of $2.91 — an increase equivalent to about 210% from the aforementioned quote.
Other market participants pointed out that a golden cross has appeared on ADA's daily chart and believe that the technical aspects support further increases. Some analysts even suggested that if momentum continues, ADA could rise towards $3.
ADA price is expected to rise. Source: Coincodex
