Cardano Surpasses Ethereum in Core Developer Activity Over Past Year
Cardano (#ADA) has surpassed Ethereum in developer activity over the past year, with 21,439 GitHub commits compared to Ethereum's 20,962. This shift challenges previous criticisms of Cardano as a "ghost chain" and renews interest in its utility.
Key Points
- Cardano's activity spans 12 core projects and 36 total projects with 4,276 GitHub repositories.
- Cardano founder Charles Hoskinson predicts Ethereum will decline by 2040 due to outdated technology and governance issues.
- He recommends Ethereum reassess its accounting model and consensus mechanism for future competitiveness.
ADA Price Analysis
ADA is currently trading at $0.70, near the 0.618 Fibonacci level ($0.6910). A sustained hold above this level may indicate bullish momentum targeting:
- $0.7533 (1 Fibonacci level)
- $0.8509 (1.618 level)
A drop below the 0.618 level could retrace prices towards $0.654 (0.5 Fibonacci level).
ADA Daily Chart | Source: TradingView
The MACD indicator reflects building bullish momentum, with the MACD line crossing above the signal line. However, proximity of the lines suggests caution as momentum may change.
Authors credited by the source: Parth Dubey
Published by Holder based on an external source.
