Tron Overtakes Cardano to Enter Top 9

[Hypedyor]

Tron (TRX) has officially surpassed Cardano (ADA) to claim the 9th spot in the global crypto rankings, with its market capitalization climbing from $24 billion to $25.79 billion. This rise comes amid broader market uncertainty, where Tron has managed to demonstrate resilience and steady upward momentum. A key factor in this performance is Tron’s dominance in stablecoin activity particularly USDT transactions cementing its role as a leader in crypto liquidity.

Notably, the Tron network has recently flipped Ethereum in stablecoin transaction volume, a major development that signals its growing importance in the crypto space. The shift has further improved investor sentiment and sparked increased interest in the asset.

Adding to the optimism, Canary Capital filed for a staked TRX exchange traded fund (ETF), and the U.S. Securities and Exchange Commission (SEC) has acknowledged the application. This has significantly boosted confidence in the token’s future, pushing TRX’s price up by 9.6% in just one week. Although still below its all-time high of $0.4407, over 98% of TRX holders are currently in profit, which reduces the risk of heavy sell-offs.

At the moment, TRX is hovering around $0.27 and facing resistance near the $0.30 mark, a level it hasn’t been able to break since December 2024. Still, the market cap growth suggests strong backing and investor faith. Much of TRX’s next move may hinge on whether the SEC approves the staked ETF proposal, with a decision expected by late 2025.

Analysts project that if approved, TRX could reach as high as $0.3512 by the end of 2025 an estimated 28% rise from current levels. While nothing is guaranteed in crypto, Tron’s current trajectory and strategic positioning in the stablecoin and ETF spaces are strong indicators of its potential to maintain its top 9 status.