Cardano Just Left Top 10 Cryptos, What's Needed for Comeback?

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Cardano (ADA) has slipped out of the rankings of the top 10 cryptocurrencies by market capitalization. Advertisement All the while, Cardano had fiercely defended its spot in the top 10 cryptos, as the 10th largest cryptocurrency by market capitalization, until it was flipped today by Hyperliquid (HYPE). In recent months, several cryptocurrencies, including Bitcoin Cash, Chainlink and Monero, had vied for the spot of the 10th-largest crypto, as they closed in on Cardano's market capitalization. HOT Stories Morning Crypto Report: Ripple's Largest Stablecoin Mint Stuns XRP With $59 Million; 162,874,151,430 Shiba Inu (SHIB) Reactivated by Major Exchange After Three Weeks; Dogecoin (DOGE) Finally Breaks $0 ETF Streak Ripple Participates in High-Stakes White House Summit Crypto Market Review: XRP Abandoned by Bulls, Ethereum (ETH) Takes $200,000,000 Punch, Don't Write off Shiba Inu (SHIB) Top British Corporate BTC Holder Determined to Buy More However, Cardano stood its ground and held on as the 10th-largest cryptocurrency, until today, when it was surpassed by Hyperliquid. Advertisement At the time of writing, Cardano sits in 11th place among the top cryptocurrencies by market capitalization, while Hyperliquid (HYPE) now ranks as the 10th-largest cryptocurrency, a position previously held by Cardano. Cryptocurrency Rankings, Courtesy: CoinMarketCap.Com Hyperliquid 's native token, HYPE, began to rally in late January, as the exchange's permissionless markets, which allow anyone to create markets on assets like crypto, stocks and gold by staking 500,000 HYPE tokens, gained traction. The markets, introduced in October with Hyperliquid Improvement Proposal 3 (HIP-3), recently reached a record high of $1 billion in open interest and $4.8 billion in 24-hour volume. Advertisement You Might Also Like Thu, 01/15/2026 - 14:12 Cardano (ADA) Prints 750% Surge in One-Hour Futures Flow Spike: How Does It Affect Price? By Arman Shirinyan In the last 24 hours, Hyperliquid’s HYPE token is up 16% after the exchange unveiled HIP-4, a proposal to add outcome-based trading to its platform. This surge has pushed  HYPE to a standout 32% gain over seven days, in contrast to other major cryptocurrencies, including Cardano, which was down 16% in this time frame. What's needed for a comeback? Cardano 's market valuation is currently $10.69 billion, according to CoinMarketCap data, which has earned it 11th place among the top cryptos, while Hyperliquid's market valuation is currently $10.97 billion. To reclaim its previous spot as the 10th largest, Cardano needs to rally to close the gap between it and Hyperliquid, which is just $0.28 billion, or $280 million. That said, the tussle for 10th place remains fierce. A large gap (of about $7 billion) exists between the 9th largest crypto, Dogecoin (DOGE), currently with $17.98 billion, and the current 10th largest crypto, which increases the chances of a flip. #Cardano News #Cardano Price Prediction #Cardano #Hyperliquid