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Cryptocurrencies are trading higher, with the total market capitalization up 1.2% to $2.44 trillion over the past day. Within the broader rally, Cardano (ADA) has overtaken Bitcoin Cash (BCH) in the market-cap rankings.
CoinMarketCap data shows Cardano has moved back into the Top 10 by market capitalization after a mild price rebound. As a result, ADA has flipped BCH down to 13th place.
Cardano’s market cap is approximately $9.1 billion, compared with Bitcoin Cash at roughly $8.8 billion. ADA is trading around $0.2514, while BCH is at about $442.10.
In early February, ADA traded lower and its market cap had fallen enough for BCH to become competitive, rising to 10th place. Since then, the market has rebounded, and ADA has gained modestly.
Over the past week, ADA is up 2.9%. Bitcoin Cash has increased by 0.21% over the same period.
The price improvement is attributed to easing geopolitical tensions and improved overall investor sentiment across the crypto market.
Top altcoins such as ADA often outperform during recovery phases, as traders rotate into assets that were down more sharply earlier in previous cycles.
