News and prices of the crypto Cardano (ADA), Tron (TRX) and Aave (AAVE): high cap in the spotlight

While boredom drives the markets of Bitcoin and Ethereum, some high cap cryptos like Cardano, Tron, and Aave see more interesting movements and attract the attention of investors.

In particular TRX and AAVE, driven by very positive news, are outperforming the crypto benchmark, marking double-digit gains for the week.

ADA in the meantime tries to re-emerge graphically, but without the expected results.

Let’s see everything in detail below.

News of the crypto projects Cardano, Tron and Aave

Starting from the most relevant news in the crypto market, let’s see what the atmosphere is like at Cardano, where the news seems to never end.

The well-known blockchain project is awaiting a very important hard fork, known as “Chang”, which will take place on Tuesday, August 27.

This event will introduce advanced features such as Plutus V3 and will initiate on-chain governance, supporting the scalability and decentralization of the network.

Furthermore, it should be noted that, after years of waiting, the Cardano network is finally about to be integrated with the non-custodial web3 wallet of Metamask.

Thanks to the new snap developed by Nufi Wallet, users can now access the crypto network directly without going through external third-party infrastructures.

This new integration could bring more on-chain activity to a non-EVM chain like Cardano

Regarding the Tron crypto ecosystem, it is worth mentioning the great success achieved by the decentralized application SunPump.

The platform, focused on the exchange of low market cap memecoins, is pushing speculation on the chain to the maximum, creating a strong hype.

The result is a positive spike in revenue for the cryptographic infrastructure, and an increase in the popularity of DeFi on Tron.

Think that SunPump, just a few days after its launch, has surpassed the earnings collected by the twin project Pump.fun (developed on Solana) which it was inspired by.

https://twitter.com/trondao/status/1826552154817269968

Finally, regarding Aave, it is worth mentioning the latest news about the debut of the V3 app on Ethereum ZkSync Era layer-2.

This integration provides greater scalability to the money market project, offering an improvement on the privacy and security side. Additionally, the expansion allows for the broadening of the DeFi user base by unlocking new use cases for institutional clients.

In this phase, Chainlink acts as an oracle responsible for providing a reliable price feed for the crypto traded on Aave.

The initiative also includes liquidity incentives from the Aave team, which will donate their own airdrop of ZkSync to the users of the platform.

TRX and AAVE exceed the bullish expectations of investors

In the midst of an uncertain and lackluster crypto market, the coins of Tron and Aave are capturing the attention of investors thanks to their unexpected bull runs.

In particular, TRX has recently entered the top 10 of the most capitalized tokens on Coinmarketcap thanks to its achievements, dethroning Cardano’s coin

From the low of August 5th to the high of yesterday, the token managed by Justin Sun has grown by approximately 42%, highlighting one of the most substantial rallies of the year.

Prices approached the 2021 high but failed to break the strong resistance imposed by the bears.

In any case, this bullish acceleration of the Tron token reflects the traders’ desire to seek speculative opportunities outside the monotony of Bitcoin and Ethereum.

Still early to say that it is the beginning of an altcoin season phase, but something seems to be moving.

On the Aave front, the situation is very similar: the currency of the cryptographic platform exploded following the dip on August 5, recording a +89% since that day.

In this case, however, the quotations have not yet reached the annual maximum set at 153 dollars, with the growth of the token stopping in the 143 dollars area.

In any case, the trend of the RSI, in a manner almost identical to TRX, suggests a breakout that implies a further leg up bullish.

Here too, the bullish movement of Aave is correlated with the tendency of traders to seek favorable trades in the altcoin sector.

We will see in the coming months how the two tokens will react to the structural changes in the market and if they will outperform BTC in a recovery context for the most popular crypto asset.

The crypto ADA tries to reverse course, but the road is still long

Like the crypto of Tron and Aave, that of Cardano also shows a bull movement in the latest daily trading sessions.

ADA is in fact at + 5.24% in the last 24 hours and at + 10.27% in the last 7 days, reflecting a short-term positive momentum for the cryptocurrency of Charles Hoskinson.

However, by slightly broadening the horizons, we notice a much more complex picture compared to the other two tokens analyzed.

From the low of August 5, the currency has recovered 33%, however remaining crushed by the EMA 50 and with an outlook still dominated by the bears. The central resource of the Cardano ecosystem is trying to reverse course, but without a graphical movement that can provide confirmation.

Since March 15, it marks a drawdown of approximately 54%, highlighting the difficulty of ADA investors in lifting the coin from the bear market.

As already mentioned, Cardano has dropped out of the ranking of the top 10 tokens by market capitalization, making room for the competitor Tron.

The valuation of 11.9 billion dollars is no longer enough to secure a spot on the list of the best cryptocurrencies in the sector, where ADA had already made its mark.

Unless the currency starts a prolonged price recovery phase, we can expect the beginning of the decline.

The absence of tangible and functioning products on the on-chain level, combined with the continuous selling pressure from the team, has worn down its chart, allowing other projects to grow in its place.

Usually, during each bull run ADA records noteworthy performances, but this time things might be different, unless a miracle happens in the next few weeks.