Cardano’s steady development, oriented to attention to detail, is recognized by teams analyzing individual blockchains. Thus, ADA leads the rankings.
New ranking, and the leadership role in it
The latest survey by Contor, frames Cardano (ADA) as the crypto project with the most advanced technological development. It is interesting to note that due to the lack of inclusion of all the data available on the blockchain, initially Cardano was not the leader of the ranking at all. Nonetheless, Charles Hoskinson’s vigilant team decided to contact the research team and supplement the information they had.
The result was that, after examining posts from another profile on GitHub, Cardano took the top spot, scoring 11.01% of creator activity over the past month.
Second place went to Ethereum with a result of 9.31%, and third place to Polkadot with 7.45%.
It is noteworthy that Cardano was the only project to register double-digit growth.
Cardano’s future seems promising
Not all statistics for Cardano look ideal. However, it is worth interpreting them correctly. An example is the number of active network addresses, which somewhat conflicts with the above information. Here Messari comes to the rescue, which provides interesting data.
The chart clearly shows that the number of active addresses has dropped significantly, and now stands at 71,21 thousand. However, let’s take into account the prevailing bear market at the moment. Similar situations are encountered in every blockchain, but not everyone is able to grow so rapidly at the same time.
So let’s recall that Cardano is expecting a hard fork of Vasil, which was announced on September 22. It is expected to improve network capacity and make transactions even cheaper. Plutus is also expected to benefit from the update. The result is expected to make building applications on Cardano easier.
Vasil has already been postponed several times. In doing so, the Input Output team assured that this was due to security concerns. Indeed, during the course of the work, bugs were encountered that needed to be addressed. Now that node version 1.35.3 has been applied, everything is expected to go smoothly.
We reported on the necessity of its implication in an article titled: “Cardano developers reach significant milestone as Vasil update testing enters final phase” – take a look if you haven’t read it yet.
Cardano on the chart
Meanwhile, the ADA token, pending an update, is behaving quite steadily. At the time of this writing, it is valued at around $0.48. In recent days it has experienced a bullish cross between the 50-day and 100-day moving averages. After the declines caused by Bitcoin’s behavior, ADA is attempting to regain the 50 level on the RSI, as well as avoid the bearish MACD cross. If this operation is successful, further increases are not excluded.