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Development activity for Cardano ($ADA) has managed to stay above that of other top cryptocurrencies over the past 30 days, even amid a cryptocurrency market recovery that saw its rival Smart contract network Ethereum ($ETH) move up over 40%.
According to data from cryptocurrency analytics firm Santiment, Cardano’s development activity, which tracks “the number of GitHub events that the project organization generated” has managed to stay above that of its rivals, towering above Polkadot ($DOT) and its canary network Kusama ($KSM), Ethereum, IOTA ($MIOTA), and Flow ($FLOW), among others.
🧑💻 $ADA, $DOT, $KSM, $ETH, and $MIOTA lead in development activity here in July. Measuring #github activity goes beyond just quantity of submissions. We measure via code pushes, issue interactions, & more: https://t.co/vWQCE4r4pv
Full data screener here: https://t.co/DyfP9QJTCG pic.twitter.com/aCQ1PxIgmI
— Santiment (@santimentfeed) July 19, 2022
Looking at Santiment’s data feed, it’s notable that other leading cryptocurrencies including Bitcoin and BNB are far behind the highest cryptoassets by development activity, with BTC having a development activity score of 87.4 and BNB getting a 0.03.
Santiment tracks development events rather than just GitHub commits, as consistent with the firm its methodology “successfully avoids” specific pitfalls, which as an example include projects forking others to “inherit” their commits and contributions.
Cardano’s development activity high comes before the launch of the Vasil hard fork, which is anticipated to deliver a “massive performance improvement” to the cryptocurrency’s network. The hard fork may be a major upgrade that may involve four Cardano Improvement Proposals (CIPs).
As reported, a panel of cryptocurrency industry experts has predicted that the worth of Cardano will explode to $2.93 by 2025, and to $6.53 by 2030, although experts believe that by the top of the year, the cryptocurrency will trade at just $0.63.
Earlier this month, a man-made intelligence-based price prediction model is suggesting that the value of Cardano’s native token ADA goes to surge to trade at $2.9 by September of this year, representing a major increase from the cryptocurrency’s current price.
