Cardano (ADA) has recorded the highest development activity in the last 30 days. Close behind in the ranking were Polkadot (DOT) and Kusama (KSM), which also stood out in development activity this year.
Cryptocurrency analysis platform, Santiment, shared the survey that reveals the top cryptoassets by github development activity in the last 30 days. The list includes Cardano (ADA); Polkadot (DOT); Kusama (KSM); Hedera (HBAR); Aptos (APT); Status (SNT); Chainlink (LINK); Cosmos (ATOM); Ethereum (ETH); Vega Protocol (VEGA).
— Santiment (@santimentfeed) November 6, 2023
It is worth remembering that, once again at the top and maintaining its leadership from September, Cardano (ADA) once again recorded the highest development activity in October, according to data from Santiment.
According to the data, with an impressive 505 events that were recorded in its GitHub repositories in the last 30 days, Cardano emerged in the lead, surpassing its competitors.
Why are these data important? The data is important because it reveals the best cryptocurrency projects that can generate profits and great returns for investors. The development of the network is essential for each ecosystem, suggesting its growth and possible future fruits.
Cardano Explosion in Spot?
With the cryptocurrency market recovering at the end of 2023, where optimism seems to be renewing investors’ spirits, Cardano (ADA) has been standing out with vigorous bullish signs. The keen observations of analyst Dan Gambardello, founder of Crypto Capital Venture, suggest that the “Cardano Bulls” may have, in fact, lit the fuse for an impressive rally.
In his analysis of ADA’s recent price movements, Gambardello draws attention to a series of technical and fundamental events that paint a promising picture. One of the strongest indicators of a possible uptrend, according to him, is ADA’s weekly close above the 50-week exponential moving average (EMA), a feat not seen since the early spring of 2023.
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