Cardano

Cardano ($ADA) continues Development Activity Lead Over top cryptocurrencies

Share article now

Development activity for Cardano ($ADA) has managed to remain above that of other top cryptocurrencies over the past 30 days, even amid a cryptocurrency market recovery that saw its rival smart contract network Ethereum ($ETH) move up over 40% according to Cryptocurrency analytics firm, Santiment.

Data gathered from the  cryptocurrency firm, Santiment reveals that Cardano’s development activity has managed to remain above that of its rivals, towering above Polkadot ($DOT) and its canary network Kusama ($KSM), Ethereum, IOTA ($MIOTA), and Flow ($FLOW), among others.

Cardano’s development activity high comes ahead of the launch of the Vasil hard fork, which is expected to deliver a “massive performance improvement” to the cryptocurrency’s network. The hard fork is a major upgrade that will involve four Cardano Improvement Proposals (CIPs).

As reported, a panel of cryptocurrency industry experts has predicted that the price of Cardano will explode to $2.93 by 2025, and to $6.53 by 2030, although experts believe that by the end of the year, the cryptocurrency will trade at just $0.63.

Earlier this month, an artificial intelligence-based price prediction model is suggesting that the price of Cardano’s native token ADA is going to surge to trade at $2.9 by September of this year, representing a significant increase from the cryptocurrency’s current price.

 

Leave a Comment

Your email address will not be published.