- Cardano’s market dominance has grown by 78% since late 2024, surpassing ETH and SOL.
- ADA’s price reached $0.7384, reflecting a 6.75% rise in the last 24 hours.
- ADA’s market cap stands at $26.01 billion, with a 27.88% rise in 24-hour trading volume.
Since late 2024, ADA from Cardano has experienced a significant market cap increase of 78.22%. The increase in market dominance occurs as major cryptocurrencies ETH and SOL, experience decreasing dominance while ADA maintains its positioning at 0.93%.
Surge in ADA Dominance
According to a recent post on X by Cardanians, the market dominance of $ADA has seen a sharp rise over the past few months. Since late 2024, it has risen significantly by 78.22% in relative terms.
During the same period, ETH and SOL, two other well-established cryptocurrencies, experienced a decrease of approximately 34% in their market cap dominance. This shift marks a clear change in the competitive landscape of the crypto market. Tracking the market performance, ADA is currently priced at $0.7384, showing a 6.75% increase in the past 24 hours.
The market capitalization stands at $26.01 billion, with a 24-hour trading volume of $873.37 million, reflecting a 27.88% increase. The circulating supply is 35.23 billion ADA out of a total supply of 44.99 billion. The fully diluted valuation (FDV) is $33.23 billion, and the maximum supply is capped at 45 billion ADA.
Comparison with Other Cryptocurrencies
The substantial growth of ADA dominates the decrease in market share of both ETH and SOL. The market share of ADA has remained stable against other cryptocurrencies, while ETH and SOL jointly experienced a 34% decrease in their combined market dominance starting in late 2024.
The trend of market dominance seen with ADA may point to a shift in investor confidence, though $ADA’s dominance remains below 1%. The market’s movement indicates that $ADA is managing to retain interest while other cryptocurrencies experience more volatility.
The growing dominance of ADA demonstrates an important market development because this cryptocurrency achieves new heights as others experience decreasing market value. ADA’s consistent market dominance maintains its fluctuation between 1% since it has not exceeded this level.
