What Zombiechain? Cardano Tops Blockchains In Active Developer Counts
Cardano has often come under fire from those in the crypto space
who have often mocked the apparent ‘lack of growth’ of the network.
This has been especially more prominent when it comes to the
decentralized finance (DeFi) part of the blockchain, as it
continues to remain well behind its counterparts in the sector.
However, the talks of Cardano being a ‘dead’ blockchain could not
be further from the truth given how much development is being
carried out. One Of The Most Active The developments that are being
carried out on the Cardano network go to show just how much the
blockchain is being worked on. It is in the nature of crypto
investors to judge blockchains basically based on the hype they get
and not the actual development being carried out, which has not
been a good trend for the space. Related Reading: Why You Should
Start Paying Attention To Football Fan Tokens About two weeks ago,
Ethereum maximalist Evan Van Ness had taken to Twitter to call
Cardano a zombiechain, mocking the low activity on the network.
However, the stats are in and Cardano has been shown to be one of
the networks with the most development being carried out. In the
report by Coin98 Analytics, Cardano was the 2nd blockchain with the
most active developer counts. It ranked only behind Ethereum and
was ahead of beloved blockchains in the space. It is ranked ahead
of big hitters such as Solana, Polkadot, and Bitcoin. Ranking of
active developer counts: 1. Ethereum2. Cardano3. Polkadot4.
Cosmos5. Solana6. Near7. Hedera8. Elrond9. Bitcoin10. Polygon11.
Celo12. Algorand13. Avalanche14. Waves15. Optimism16. Mina17.
Tron18. Fantom pic.twitter.com/M4dDfFImaG — Coin98 Analytics
(@Coin98Analytics) October 15, 2022 Cardano (ADA) On The Charts
Over the last year, Cardano has been hit worse than some other
blockchains in terms of price. It has declined more than 88% from
its all-time high price and has not shown the best strength in the
bear market so far, but there is still some fight left in the
digital asset. ADA price falls to $0.37 | Source: ADAUSD on
TradingView.com A report from CryptoQuant put the digital asset in
an oversold position given its Relative Strength Index (RSI), which
means that a recovery may be in the works for the digital asset.
But the general market sentiment has not spelled good fortune for
the digital asset. There could be more sell-offs to happen with the
digital asset in the coming days. Related Reading: Bitcoin Shakes
Off Bears Following CPI Release, But Will This last? Some
indicators have put the price of Cardano below $0.25 before it will
mark its market bottom but in the meantime, the digital asset has
been able to hold firmly above $0.35, a point that has become
critical support for the cryptocurrency. The active developments on
the blockchain paint a bull case for the cryptocurrency. IOG, the
developer behind the Cardano network, has confirmed that there are
already 102 projects that have been deployed on the blockchain so
far, and there are now 6.4 million native tokens spanning more than
63,000 token policies. Featured image from Analytics Insight, chart
from TradingView.com Follow Best Owie on Twitter for market
insights, updates, and the occasional funny tweet…
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