- Cardano leads in GitHub commits among L1 blockchains, signaling strong development activity and innovation within its ecosystem.
- According to a renowned crypto analyst, Cardano’s price struggles despite its development success and faces risks of falling below $0.635.
Cardano (ADA) has surpassed other major layer-1 (L1) protocols in terms of development activity, causing investors’ eyes to sparkle.
Cardano’s GitHub commits have significantly increased, according to data from IntoTheBlock, showing the company’s commitment to expanding its ecosystem and enhancing its infrastructure in order to accommodate decentralized applications (dApps) and services.
Cardano is leading in developer activity amongst top L1s, consistently delivering the highest number of weekly commits. pic.twitter.com/gtYUIyeqRy
— IntoTheBlock (@intotheblock) March 18, 2024
Cardano’s Unprecedented Development LeapÂ
Cardano posted an incredible 978,780 changes on GitHub in just one week, from March 11 to March 17. This far outpaced Ethereum’s 407,170 commits in the same time frame.
What’s interesting is, Cardano’s contributions were unmatched, even if other L1 protocols like Avalanche (AVAX), Litecoin (LTC), and Tron (TRX) also showed notable developer engagement.
Not only that, Cardano GitHub repositories have a lot of commits, indicating a strong development environment. Participation from developers is often considered an important indicator of a protocol’s health and potential.
Cardano’s high commit activity suggests dApp launches, protocol improvements, and network robustness upgrades. The following video has taken a deeper look at this development, giving you more insight.
Analyzing ADA Price Dilemma
On the other side, according to a recent analysis by crypto influencer Good Girl Gone Crypto, there’s a probability that ADA will tank, possibly falling below the critical $0.635 level after breaking below its upward trend line.
Cardano (ADA) Price Analysis: Risk of Downside Break Below $0.635 https://t.co/uqeou8AeCt
— Good Girl Gone Crypto (@goodgirlcrypto) March 19, 2024
Despite Cardano’s fast network development, the token price has puzzled many since it failed to pass $1 in April 2022.
Meanwhile, the ADA price has slumped in the last 24 hours and 7 days, by 9.35% and 17.93%, bringing it to $0,6121. This happened along with several major cryptocurrencies, such as Bitcoin, XRP, ETH, and others, as previously reported by ETHNews.