ZARIFBEK AZAMBEKov
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Cardano (ADA)
Among the largest altcoins, Cardano showed the weakest dynamics. Since the beginning of 2024, the price of ADA has increased by only 35%.
A drop of 27% in one week in mid-December erased part of the gain noted in the fourth quarter. As a result, the cryptocurrency fell to $0.80.
Investors are concerned that Cardano may lose its place among the top ten largest assets by market capitalization. Currently, ADA is in ninth place. It could be replaced by tokens from large blockchains such as Tron (TRX) and Avalanche (AVAX).
Among the largest altcoins, Cardano showed the weakest dynamics. Since the beginning of 2024, the price of ADA has increased by only 35%.
A drop of 27% in one week in mid-December erased part of the gain noted in the fourth quarter. As a result, the cryptocurrency fell to $0.80.
Investors are concerned that Cardano may lose its place among the top ten largest assets by market capitalization. Currently, ADA is in ninth place. It could be replaced by tokens from large blockchains such as Tron (TRX) and Avalanche (AVAX).
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