Cardano’s ADA rose about 1% over the past 24 hours, though the modest gain has not been enough to maintain its position among the top ten cryptocurrencies. The token has slipped to the 11th spot on CoinMarketCap, after Hyperliquid’s HYPE moved into the 10th position by market capitalisation. The shift follows a weaker weekly performance for ADA, which has declined about 4% over the past seven days, while HYPE has gained roughly 18% during the same period. ADA is currently trading around $0.26 and approaching a descending trendline on the chart.
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