Cardano Drops From Top Ten by Market Cap Again as Toncoin Increases

After shedding 4.7% during the last 7 days, Cardano has fallen from the top ten tokens by market capital, based on CoinGecko data.

Simultaneously of the Cardano (ADA) drawback, Toncoin (TON) rose 3.2% more than a seven day period which makes it in to the top ten. This isn’t the very first time this exact swap has happened, in April Toncoin flipped Cardano after TON leaped 12% per day.

ADA is buying and selling at $.46 after getting acquired .6% previously day. Meanwhile, while TON reaches $6.47 and it has rose 1.2% since yesterday, based on CoinGecko data.

Toncoin (TON), the token of Outdoors Network, has become the tenth best cryptocurrency on the planet, based on CoinGecko, having a market cap well over $22 billion. Among the Open Network’s most effective projects, Notcoin lately launched it is not token alongside getting in $1 billion in buying and selling volume and lately hit a $1 billion market cap.

Meanwhile Cardano’s market cap of $16 billion places it as being the eleventh best cryptocurrency,  with meme gold coin Shiba Inu within touching distance, under $100 million away.

This comes among meme coins riding high, with dog coins leading those. Solana-based Dogwifhat (WIF) brought the charge yesterday jumping 11% to $3.68. But in the last 24 hrs, Shiba Inu has hopped 4.8% to $.000027 sniffing the trunk of Cardano.

Produced in 2015 with a team brought by Charles Hoksinson after he co-founded Ethereum, Cardano takes itself more seriously than projects its lengthy time competitor Solana. Cardano influencer, Chris O, required to Twitter to slam Solana’s acceptance of meme coins calling it a “web3 casino” while praising Cardano’s approach claiming it “was created to solve real life problems and positively impact society.”

Through the years, there has been many Cardano products that try to better the planet. They’ve incorporated Emurgo Africa, which aims they are driving blockchain innovation within the continent. Regardless of this, skeptics have known as it a “ghost chain” with simply 29,000 daily active wallets, based on DeFi Llama.

While DeFi Llama does not have this statistic for that Open Network, the work itself reports on TonStat it has 489,000 daily active wallets.

Edited by Stacy Elliott.