After years of being branded a ghost chain, Cardano has overtaken Ethereum in core developer activity. The flippening in this metric is fanning fresh enthusiasm that a sustained rally for Cardano price is on the horizon.
Cardano Ranks As Number 1 In Core Developer Activity
According to data from Cryptometheus, Cardano’s core developer activity has surpassed Ethereum over the last year. Per the developer tracker platform, Cardano now ranks in first place after flipping Ethereum with 21,439 GitHub commits in 12 months.
In the period under review, Cardano GitHub commits cut across 550 core repositories. A closer look at Cryptometheus data reveals 12 core projects, while the broader ecosystem is buzzing with 36 projects.
Developer activity on the 36 projects is red-hot, pulling in 4276 GitHub repositories and dousing previous speculation that Cardano is a ghost chain with no clear utility.
The glowing Cardano metrics leave Ethereum in second place after an underwhelming year. Cumulative developer activity on the Ethereum network stood at 20,962 commits, while its core developers did not pull in the same activity levels as Cardano.
Following a poor run of form, Cardano founder Charles Hoskinson predicts that Ethereum will crash in 2040. Hoskinson points to Ethereum’s outdated tech, layer 2 fragmentation, and falling developer activity as indicators of a decline.
Ethereum’s position in second place is precarious, given the impressive developer activity recorded by the third-placed Internet Computer. However, a new Ethereum Foundation vision designed to scale the layer 1 may trigger a resurgence in developer activity for the largest altcoin.
ADA Price Set To Record 100% Rally
The impressive on-chain numbers are stoking enthusiasm for a Cardano price rally in the future. At the moment, ADA trades at $0.70 while holding onto a key support level, which the pseudonymous T0ken Talk says could trigger a rally.
Per Token Talk, the incoming rally will see Cardano price surge by up to 100% in this cycle. Zooming out, the cryptoanalyst predicts that ADA can reach a valuation of $10 by 2029.d
“ADA sideways around $0.70, but holding key support,” said Token Talk. “Analyst eye potential 100% recovery to $1.20-$1.30.”
For now, the forming of a golden cross sees ADA target $1 amid $20M worth of ADA leaving exchanges. Cardano is angling for ecosystem partnership and is inching toward XRP integration for its Lace Wallet. The partnership is touted to have mutual benefits for both parties, including price performance and broader ecosystem utility.
The post Cardano Flips Ethereum To Claim Top Spot In Core Developer Activity appeared first on CoinGape.
