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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    CryptoPunks and Pudgy Penguins Draw Major Sales

    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

  • Gaming
    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Blockchain Bookmakers: A New Era of Fair and Secure

    Blockchain Bookmakers: A New Era of Fair and Secure

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    The Biggest Games Releasing in August 2025

    The Biggest Games Releasing in August 2025

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    Polyhedra Network launches Proof Cloud in open beta

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Home Altcoins

Will Cardano remain in the top-10 by end of March?

March 24, 2024
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Will Cardano remain in the top-10 by end of March?
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  • ADA’s price rose only by 6% in the last 30 days, despite the bullish market condition.
  • Most market indicators looked bearish on the token.

Cardano [ADA] has been losing substantial amounts of market capitalization, which has pushed the token to the 9th spot on the top 10 list of cryptos. Though this looks bearish, ADA might have a trick up its sleeve that can result in a trend reversal. 

Cardano’s market cap is dropping

An analysis of CoinMarketCap’s data revealed that while several cryptos registered remarkable growth last month, ADA was somewhat left behind. This was the case, as its price only moved up by 6% in the last 30 days.

At press time, Cardano was trading at $0.6328 with a market cap of over $22 billion, making it the 9th largest crypto.

The sluggish price action took a toll on its previously high market cap, suggesting that it might as well slip off the list of the top 10 cryptos by market cap. To better understand what to expect from the token, AMBCryptoi then checked ADA’s metrics. 

Cardano to witness a trend reversal soon?

While ADA’s price action was not volatile, Cryptollica, a popular crypto analyst, recently posted a tweet highlighting an interesting incident. As per the tweet, Cardano’s price was in a somewhat consolidation phase and was about to break above a key resistance zone.

A similar trend was noticed back in 2020, after which the token’s price reached an all-time high. We then took a look at its on-chain metrics to better understand whether history would repeat itself.

See also  Why Cardano Investors Are Eyeing FXGuys for Quick Gains

Our analysis of Santiment’s data revealed that network activity around Cardano was high, as its daily active addresses were high. Another bullish signal was its MVRV ratio, which improved slightly over the last seven days. 

Cardano's network activity was stable

Source: Santiment

However, investors must exercise caution as most market indicators looked bearish on the token. For instance, the MACD displayed a clear bearish upperhand in the market.

Cardano’s Relative Strength Index (RSI) was also resting under the neutral mark, indicating that the token’s value might drop in the coming days.

READ ALSO

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Nonetheless, ADA’s price rebounded after touching the lower limit of the Bollinger Bands, hinting at a possible bull rally during the coming days. 

Source: TradingView


Read Cardano’s [ADA] Price Prediction 2024-25


Despite the Bollinger Bands suggesting a bull rally, market sentiment around the toke remained bearish. This was evident from the fact that Cardano’s weighted sentiment went into the negative zone.

But its social volume remained high, reflecting its popularity in the crypto space. 

Cardano's weighted sentiment dropped

Source: Santiment

Next: Solana, thank memecoin mania! What its latest ATH means for holders

Tags: CardanoMarchRemainTop10

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