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.