ADA Price Pumps 16% and Cardano Reclaims Top 10 Cryptos By Market Cap Overtaking TRON

• Cardano surges 16%, reenters top 10 cryptocurrencies by market cap.
• ADA price rises to $0.38, surpassing TRON in market capitalization.
• Cardano advances toward full decentralized governance with its new Constitution.

The price of Cardano (ADA) has pumped by 16.17% over the last 7 days according to CoinMarketCap analytics. This pumped is likely supported by Bitcoin’s steady bullish sideways movement as well as the high liquidity flowing into the crypto markets and other financial spaces. 

In detail, Cardano has also been celebrating new updates on its blockchain network including successful fork and aminnet launches. Specifically, many analysts believe ADA is preparing for a major comeback, the likes of which are only just beginning. The sudden fuel to ADA activity has brought the asset back up to the top 10 cryptocurrencies by market cap.  

Cardano Reclaims Top 10 Rank Beating TRON

Cardano (ADA) has made a strong comeback, reentering the top 10 cryptocurrencies by market capitalization after a significant 16% price surge over the past week. This rally comes after weeks of price consolidation, allowing Cardano to reclaim its position among the leading digital assets.

Over the past eight days, ADA’s price has jumped from $0.328 to $0.376, marking an impressive gain. Presently, Cardano is trading at $0.38, showing a 3.4% increase in the last 24 hours. Its market capitalization now stands at $13.45 billion, surpassing TRON, which holds $13.17 billion, pushing Cardano back into the top 10.

Cardano’s Prepares for Bullish Q4

The surge in Cardano’s price aligns with a broader cryptocurrency rally, sparked by the U.S. Federal Reserve’s recent decision to cut interest rates by half a point, its first reduction in four years. In addition to price movements, Cardano is advancing toward a fully decentralized governance model. 

The Cardano Constitution, once approved by the community, will define governance procedures, institutions, and member obligations. This effort stems from the CIP-1694 initiative, which outlines the tools and features necessary for Cardano’s decentralized future.

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Workshops are currently being held globally to refine the draft Constitution, which is expected to guide the network’s transition into its governance era. Cardano’s commitment to decentralization and its recent market performance make it one of the most watched assets in the crypto space.