Weekend Surge: Crypto Market Hits $3.48 Trillion, ADA and DOGE Lead the Charge

Dogecoin (DOGE) surged by 11% and Cardano (ADA) saw an extraordinary 13.63% appreciation, emerging as standout performers among top cryptocurrencies.
The overall crypto market capitalization reached $3.48 trillion ahead of the weekend, with Bitcoin crossing the $98,000 mark and Ethereum rising by 3.7%.
While Bitcoin and major cryptocurrencies registered gains, meme coins like SPX, SNEK, GIGA, and FARTCOIN saw massive price surges ranging from 16.46% to 32.77%.

As cryptocurrencies continue to establish themselves as legitimate financial assets, the digital currency landscape is currently dominated by Cardano (ADA) and Dogecoin (DOGE). With the crypto economy reaching a whopping $3.48 trillion ahead of the weekend, these two have managed to outshine even the industry’s giants like Bitcoin.

Market Overview: ADA and DOGE Take the Lead

On the 3rd of January, 2025, Bitcoin’s valuation confidently exceeded the $98,000 mark, leading to a significant 2.52% growth in the broader cryptocurrency market within 24 hours. Despite Bitcoin’s notable advance, it was Dogecoin (DOGE) and Cardano (ADA) that stole the spotlight among the leading digital assets.

Top Gainers: Friday’s Crypto Scene Sparks

As we approach the weekend, the total market capitalization of the crypto economy stands at an outstanding $3.48 trillion. All of the top ten cryptocurrencies by market valuation posted gains on this particular Friday. Bitcoin (BTC) appreciated by 1.2%, successfully crossing the crucial $98,000 threshold. However, Ethereum (ETH) managed to outperform Bitcoin, rising 3.76% against the dollar. Meanwhile, Dogecoin (DOGE) registered an impressive 11% surge, positioning itself as the seventh-largest cryptocurrency by market capitalization.

Cardano’s Remarkable Rise:

Cardano (ADA) also made notable strides with an exceptional 13.63% appreciation over 24 hours, securing its position as the ninth-largest crypto asset, just below USD Coin (USDC). USDC’s market capitalization currently stands at $45.13 billion, with ADA closely following at $38.07 billion, marking a $7.06 billion gap separating the two.

Underdogs and Losers:

Friday also saw other digital assets making significant gains, with SPX, a meme coin, achieving a staggering 32.77% increase. Similarly, Fartcoin (FARTCOIN) lived up to its whimsical branding, recording a noteworthy gain of 17.46%. However, not all digital assets enjoyed a successful trading day. FTX token (FTT) declined by 6.60%, while GOAT fell 6.08%, and VIRTUAL dropped 5%.

Conclusion:

As the crypto market continues to evolve, ADA and DOGE have proven that Bitcoin isn’t the only game in town. Their impressive performance is a testament to the dynamic and unpredictable nature of the cryptocurrency market. As we head into the weekend, all eyes will be on these digital assets to see whether they can maintain their momentum.