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Bitcoin (BTC) recently pumped to the higher $80,000 range, 26briefly reclaiming the $87,000 price mark before retracing to $85,000. While Bitcoin’s movement remains volatile, a significant shift is occurring in the altcoin market. Cardano (ADA) is making waves with its rising market cap dominance, fueling speculation about a new all-time high (ATH) for the token.
Cardano $ADA market cap dominance is rising! 📈
— Cardanians (CRDN) (@Cardanians_io) March 19, 2025
It has risen by 78.22% in relative terms since late 2024, while $ETH and $SOL dominance has decrease by ~34%.
Recently $ADA dominance is oscillating around 1%, currently at 0.93%. pic.twitter.com/gTJI47A2Kp
Cardano Market Cap Dominance Surges
Cardano’s market cap dominance has been on an impressive upward trajectory. Recent data shows that ADA’s dominance has surged by 78.22% in relative terms since late 2024, while Ethereum (ETH) and Solana (SOL) have experienced a 34% decline in market share. ADA’s dominance now oscillates around 1%, currently standing at 0.93%.
This surge has led many traders and analysts to speculate on the next price movement for ADA. During the last bull cycle, Cardano reached an ATH of $3.10, securing the third spot in market capitalization below Bitcoin and Ethereum. With ADA’s rising dominance, could it reclaim its former ranking?
Cardano’s Next ATH Target: $7.82?
Technical analysis suggests ADA is forming a pattern of higher lows and is positioned for a strong upward move. One prominent analyst has identified a short-term price target at $2.77, which is over 264% higher than its recent levels. Once this milestone is reached, analysts predict Cardano could surge to a new ATH of $7.82.
$ADA (Cardano) currently holding ANOTHER set of Higher Lows and these have recently been leading into higher upside moves for prices and with a target over +264% away at $2.7709 that is in play, the next leg towards can be a matter of time.
— JAVON⚡️MARKS (@JavonTM1) March 19, 2025
Previous Bull Perfomance suggests much… https://t.co/A2q2nNaA7y pic.twitter.com/M6RenOzNCz
The rising dominance and bullish sentiment surrounding ADA indicate strong market confidence. If Bitcoin maintains its bullish trajectory, it could provide further momentum for altcoins, including Cardano. With increasing adoption, network upgrades, and improving fundamentals, ADA is poised for significant growth in the current cycle.
Also Read: Cardano (ADA) Flash Breakout Signal —Will Bulls Push It to $1?
Bitcoin’s price surge has captivated the market, but altcoins like Cardano are proving their strength. With ADA’s market cap dominance rising and analysts setting ambitious price targets, investors are closely watching its next move. If the bullish trend continues, Cardano might not only reclaim its past glory but also set new records in the crypto space.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
