u.today
Cardano ($ADA) may soon overtake Bitcoin Cash ($BCH) as the 10th-largest cryptocurrency by market capitalization. On the daily chart, $BCH has experienced an uptrend as the $ADA price stalls amid mixed sentiment on the broader crypto market.
$BCH competes with $ADA for dominance
According to CoinMarketCap data, $ADA is currently trading for $0.35, down 3.4% over the past 24 hours. Despite the daily price decline, $ADA remains the 10th-biggest cryptocurrency, with a market capitalization of $12.66 billion.
Trailing behind $ADA on the market cap hierarchy is Bitcoin Cash. With a market cap of $12.07 billion, $BCH is currently the 11th-largest cryptocurrency.
As the $BCH market cap climbs, it breaches the gap with $ADA by only about $66 million. This puts Cardano's top 10 spot at risk of being overtaken by $BCH.
Meanwhile, within the past 24 hours, the $BCH price increased by 0.6%, setting the coin at $601.6. This daily spike pushed $BCH higher by 4% on the weekly time frame.
It is also worth noting that $BCH has shown a remarkable performance over the past few months. In late November, $BCH outperformed Bitcoin (BTC) in a day by jumping 8%. The positive outlook for $BCH was a response to anticipations of a broader market reversal.
With the $BCH momentum rising, it could easily displace $ADA, unless the latter sees a strong catalyst.
Will Cardano relinquish position to Bitcoin Cash?
Although $BCH is close behind, Cardano ($ADA) remains a top contender on the crypto market. Accordingly, $ADA may fight harder to remain on top, supported by some strong ecosystem developments.
For instance, a broader market rebound, progress in Midnight sidechain or DeFi growth could spur an $ADA rally. Already, Midnight's native token, $NIGHT, is eyeing the $0.10 mark. If $NIGHT successfully hits this milestone, it could force a fast rank jump across major crypto market tops.
Additionally, year-end profit-taking on $BCH could reverse the pressure on Cardano. Also note that $ADA recently outperformed the rest of the major cryptocurrencies after its price surged by 7%.
Therefore, thin liquidity and position resetting into the Cardano have amplified moves around obvious technical levels. $ADA investors now anticipate an end-of-year breakout.
Furthermore, Cardano's research-driven upgrades could regain traction in 2026, positioning $ADA for higher prices.