Bitcoin’s (BTC) relief rally has hit a roadblock as the U.S. confirms plans to impose tariffs on Canada and Mexico, set to take effect in early March.
The announcement has injected fresh uncertainty into global markets, weighing on risk assets. Amid the volatility, the global cryptocurrency market cap has slipped 3.1% in the past 24 hours to $2.93 trillion.
Despite the turbulence, several altcoins are gaining momentum, edging closer to key market cap milestones.
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Notably, Finbold has identified TRON (TRX) and Cardano (ADA) as being on track to reach a $25 billion market cap by March, driven by growing institutional interest and a rapidly expanding DeFi ecosystem.
TRON (TRX)
Currently trading at $0.2276 with a market cap of $19.59 billion, TRON is experiencing a surge in network activity along wth a strengthening dominance in stablecoin transactions. To reach the $25 billion market cap target, TRX would need to climb 27.63%, pushing its price to $0.29.
TRON price and market cap. Source: CoinMarketCap
TRON’s expanding influence in stablecoin transactions is a key driver behind this growth. Over the past month, active addresses surged 57%, from 1.63 million to 2.57 million, while data from TokenTerminal shows that TRX has generated over $505 million in fees year-to-date—an indicator of rising network demand. The network is also set to remove transaction fees for USDT next week, a move expected to accelerate adoption.
This momentum is already reflected in stablecoin inflows, with TRON adding $824 million in USDT and USDC holdings in February 2025 alone.
ADA
Currently trading at $0.6520 with a market cap of $22.96 billion, Cardano is drawing increased investor attention as regulatory progress and key ecosystem upgrades fuel optimism.
The SEC’s acknowledgment of Grayscale’s Cardano ETF filing, with a decision expected by August 2025, marks a critical step toward institutional adoption, potentially opening the floodgates for larger capital inflows.
Meanwhile, Cardano’s 2025 roadmap, outlined by founder Charles Hoskinson, focuses on enhancing the network’s scalability and interoperability.
Key developments include Bitcoin DeFi integration, the implementation of Leios for scaling, and expanded cross-chain compatibility through Chainlink (LINK) and stablecoins, which could significantly enhance network adoption and utility.
If these developments materialize alongside a broader crypto market uptrend, ADA could potentially reach a $25 billion market cap in March.
That being said, if broader market sentiment remains favorable—particularly with Bitcoin reclaiming momentum and potentially surpassing $100,000—both TRON and Cardano could see accelerated gains and plausibly surge toward a $25 billion market cap in the coming month.
Featured image via Shutterstock
