Dogecoin News Today: Cardano Surpasses Dogecoin and TRON in Market Cap Rankings

Cardano ($ADA) has secured the eighth position on CoinMarketCap, surpassing Dogecoin (DOGE) and TRON (TRX) in market capitalization. This shift highlights growing investor confidence in the Cardano ecosystem and its strategic long-term development plans. The move comes as ADA’s futures trading volume reached $6.96 billion on August 14, marking the highest level in five months and indicating increased participation in the market [1].

The price of ADA has appreciated by 12% over the past week, reaching $0.9190, and it has broken above the $0.98 level, signaling potential bullish momentum after a period of consolidation [3]. A notable shift in capital from Ethereum to Cardano has further fueled the rise, with significant accumulation activity observed among large investors [4]. The recent launch of a Grayscale trust for ADA in Delaware has also contributed to heightened institutional interest, although no formal application for a spot ETF has been submitted [8].

Analysts are closely watching the $1.00–$1.25 price corridor, which is seen as a crucial range for determining the next phase of ADA’s movement [7]. If ADA sustains strength above $1.00, it could reinforce broader market recognition of the platform’s value proposition. Trader_Jibon, a prominent analyst, has suggested that with continued support from long-term holders, ADA could potentially reach $1.32, representing a 100–150% increase from current levels [11]. However, such forecasts remain speculative and should not be interpreted as guarantees of performance [13].

The growing interest in ADA has also been reflected in broader market reports. A recent Coindoo report listed Cardano among the top altcoins to watch, alongside MAGACOIN FINANCE and Stellar (XLM), highlighting the increasing analyst attention on the asset [3]. Furthermore, a $71 million treasury proposal recently approved on the Cardano blockchain demonstrates the project’s commitment to long-term development and governance [4].

As ADA continues to climb in the rankings, the focus remains on institutional adoption, investor sentiment, and technical indicators. If the momentum holds and key resistance levels are successfully navigated, Cardano could solidify its position as a major player in the cryptocurrency market. Whether it can break into the top three — currently occupied by Bitcoin, Ethereum, and Binance Coin — will depend on sustained growth in adoption, utility, and market dynamics.

Source:

[1] https://coinmarketcap.com/community/articles/68a2e222c5c06c674880b27b/

[3] https://coindoo.com/10-best-altcoins-to-watch-this-week-magacoin-finance-cardano-and-stellar-xlm-gain-analyst-attention/

[4] https://news.az/news/best-cryptos-to-buy-now-chatgpt-identifies-6-most-bullish-coins-in-august-2025