📉 Cardano $ADA drops out of the top 10 cryptocurrencies by market cap.
Cardano's $ADA token now ranks 11th, with a market cap of $11.9 billion, behind TRON's $TRX .
Launched in 2017 by Charles Hoskinson, Cardano has lost market share since January following a modest post-bear market rally in 2022. At its peak, ADA reached a market cap of $77 billion in May 2021, making it the fourth-largest crypto. Its market dominance is currently 0.58%, according to TradingView data.