Cardano Needs a Price Surge to Break into Top 3 Crypto Market Cap

To achieve a top three ranking in cryptocurrency market cap, Cardano needs a significant price increase. Currently at $0.65 with a valuation of $23.4 billion, ADA sits in tenth place in the market capitalization rankings. Reaching this coveted position would require it to climb seven places ahead of other cryptocurrencies like Dogecoin and Tron. 2023’s surge saw Cardano overtake these tokens and secure its eighth place by August, followed by further optimism about future gains.