bitcoin-leading-crypto/” rel=”nofollow noopener” target=”_blank”>Cardano (ADA) has jumped into the top 3 cryptocurrencies with the most development activities, even surpassing ethereum (eth)the leading altcoin and the second-largest cryptocurrency by market capitalization.
Cardano ranks third in terms of development activity
On August 6th x.com/santimentfeed/status/1820881417016053878?s=46″ rel=”nofollow” target=”_blank”>mail on x (formerly twitter), an on-chain market intelligence platform, Holy The decentralized crypto data platform has revealed its ranking of the top cryptocurrencies, with the most prominent ones in the market. notable development activities Over the past 30 days. These rankings are based on a detailed analysis of GitHub activity on the project's repositories.
Sentiment revealed that Cardano has quickly moved to third place among the top 10 cryptocurrencies with the highest development activityThe cryptocurrency outperformed ethereum by a significant margin, achieving a score of 452.85 with a market cap of $12.05 billion.
In recent months, Cardano has been growing significantly and has presented multiple Development projects that have contributed to the advancement of its ecosystem. Some of the ongoing updates to its platform include the Chang's next hard fork set out to improve the Cardano blockchain and transform its governance structure.
Dave, a Cardano and DEX development enthusiast, revealed in a x.com/itsdave_ada/status/1822733333740032286?s=46″ rel=”nofollow” target=”_blank”>Publication x that approximately 66.47% of blocks have been created on a Chang-ready node version, underscoring the impending launch of the hard fork. Chang's Update is set to bring security and stability improvements to the Cardano blockchain, strengthening the network's resilience to potential attacks or vulnerabilities.
Looking ahead, Cardano’s rise above ethereum in terms of development activities is a significant milestone, underscoring the importance of the blockchain. Resilience amid widespread market declinesAccording to Santiment analysis, ethereum had fallen significantly and now ranks ninth among the top 10 cryptocurrencies.
Internet Computer (ICP) topped the ranking with a score of 570.1, standing out for its strong presence in the artificial intelligence (ai) sector and its substantial market capitalization of $3.5 billion. Hedera (HBAR) had reached second place, with a score of 468.03, with a market capitalization of $12.05 billion.
The top 10 list also highlights other major cryptocurrencies such as Chain link (LINK)Optimism (OP), Cosmos (ATOM), Starknet (STRK), Ethstatus (SNT) and Moles (POINT).
ADA sees a slight improvement in price performance
While Cardano achieves the third position in development activities, the cryptocurrency has also witnessed a slight improvement in its price performance. Over the past week, Cardano Price has increased by a staggering 14.41%, while its 24-hour trading volume has increased by 49.66%.
CoinMarketCap data reveals that Cardano's price has been trading at $0.33 at the time of writing. Although the cryptocurrency has witnessed significant declines Over the past month, Cardano continues to show optimistic signs of future growth in its value.
Cryptocurrency analyst Javon Marks has also expressed optimistic sentiments about Cardano’s future prospects. x.com/javontm1/status/1820566609632932337?s=46″ rel=”nofollow” target=”_blank”>predicting that the cryptocurrency could rise to $5 in this bullish cycle.
Featured image created with Dall.E, chart from Tradingview.com
