TRON (TRX) and Cardano (ADA) are in a tight race for the 9th spot in market capitalization. Cardano’s network activity has seen a significant 30.3% decrease in daily active addresses, indicating possible investor concerns.
TRON’s liquidity is strong, with recent USDT minting of 1 billion USD amplifying its market utility. Despite a slight dip in Total Value Locked, TRX’s trading volume surged by 179.4%, showcasing a healthy market demand.
ADA saw a 21% decline in Q1, contrasted with TRX’s limited losses of 8%. As ADA remains significantly below its cycle high, TRON’s positioning suggests it is likely to challenge higher market caps, potentially exceeding 24 billion USD.
Leave a Reply