Is Cardano (ADA) The Most Advanced Cryptocurrency? Santiment Certainly Thinks So.
Santiment, a company that specializes in crypto analytics, said that Cardano (ADA) maintains its position as the most dominant blockchain when it comes to the frequency of relevant activity on GitHub. In addition, the data from Github that was given by the company Santiment reveals a rise in the amount of activity shown by Cardano developers.
?? #Cardano reigns as the most developed asset in #crypto, according to our analysis of code pushes, issue interactions, and more. Routine updates from teams are excluded to ensure only relevant development is included. More here: https://t.co/vWQCE4r4pvhttps://t.co/5f6GNDp8dM pic.twitter.com/uDVb7pMs23
— Santiment (@santimentfeed) July 26, 2022
When evaluating initial coin offerings (ICOs) and other cryptocurrency initiatives, the activity on GitHub might be an important measure. The time of developers is a pretty costly resource, and the fact that a certain project has a large number of developers devoting their time and expertise to the project might signify a number of different things depending on the context.
It is possible that these individuals have faith that the project will be successful, that the project is releasing an increasing number of features, or that there is a decreased likelihood that the project is really elaborate fraud.
Cardano Vasil Hard Fork
It is important to note that the long-awaited Vasil hard fork has increased the popularity of Cardano (ADA), bringing more people to try out the benefits of the cryptocurrency. This is something that should be noted. When the significant update is eventually made available on the mainnet, you can also anticipate the introduction of further functionality.
If the past ADA hard fork events are any indication, the price of Cardano has the potential to increase by a factor of ten as a result of the long-awaited Vasil Hard Fork. In addition to this, a 10x objective for Cardano is warranted given that ADA’s all-time high of $3.10 will be reached in September of 2021.
According to data provided by CoinGecko, the price of Cardano has decreased by 0.4 percent over the course of the last twenty-four hours, bringing it down to $0.4666. The ADA has also seen a decrease of 9.5 percent during the last week.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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