2023-10-12 01:13:56
Cardano regains first place in development activities, data shows
Blockmarket – A () has again surpassed (DOT) in terms of development activity, data from analytics firm Santiment shows.
Here are #crypto’s top coins by development activity: notable #github commits, past 30 days: 1 @Cardano $ADAT2 @Polkadot $DOTT2 @kusamanetwork $KSM4 @hedera $HBAR5 @vegaprotocol $VEGA6 @chainlink $LINK7 @ethstatus $SNT8 @dfinity $ICP9 @cosmos $ATOM10 @ethereum $ETH pic.twitter.com/LUSDsSmxw7
— Santiment (@santimentfeed) October 6, 2023
As recorded, there have been 611.47 commits on GitHub in the last 30 days. The Polkadot network came in second place, with 500.65 commits, followed by the Kussama network.
This data indicates that there are a large number of developers working on the development of Cardano (ADA), which is one of the main blockchain platforms on the market.
ADA, the blockchain network’s native token, is the ninth largest crypto asset by market value, with a capitalization of more than US$8 billion.
Having been founded by Charles Hoskinson, who helped build , Cardano is a platform focused on running smart contracts, decentralized applications and asset tokenization.
Cardano participated in the 2017 bull market and after that it fell by more than 95%. From 2020 onwards, ADA experienced an exceptional rise. However, the crypto asset has fallen again by more than 90% since the market top in September 2021.
Exit from exchanges
In the same report, Sentiment published data on the exit of bitcoins from exchanges, a movement that is considered positive for the price. This occurs because investors usually withdraw bitcoins for self-custody, which is usually long-term focused.
“Bitcoin has seen its largest number of coins (more than 10,000 BTC) leave exchanges since September 7, and the leading crypto market cap asset is making a second run to surpass the $28,000 market cap. “
As bitcoins leave exchanges, this limits market selling pressure, as most trading takes place on exchanges.
Are you optimistic about the recovery of bitcoin and ADA? Leave it in the comments section below.
Cardano Content Regains First Place in Development Activities, Data Show Appears First on Blockmarket.
#Cardano #regains #place #development #activities #data #shows #Blockmarket