Development activity for Cardano ($ADA) has managed to remain above that of other top cryptocurrencies over the past 30 days, even amid a cryptocurrency market recovery that saw its rival smart contract network Ethereum ($ETH) move up over 40%.
According to data from cryptocurrency analytics firm Santiment, Cardano’s development activity, which tracks “the number of GitHub events that the project organization generated” has managed to remain above that of its rivals, towering above Polkadot ($DOT) and its canary network Kusama ($KSM), Ethereum, IOTA ($MIOTA), and Flow ($FLOW), among others.
Looking at Santiment’s data feed, it’s notable that other leading cryptocurrencies including Bitcoin and BNB are far behind the top cryptoassets by development activity, with BTC having a development activity score of 87.4 and BNB getting a 0.03.
Santiment tracks development events instead of just GitHub commits, as according to the firm its methodology “successfully avoids” specific pitfalls, which for example include projects forking others to “inherit” their commits and contributions.
Cardano’s development activity high comes ahead of the launch of the Vasil hard fork, which is expected to deliver a “massive performance improvement” to the cryptocurrency’s network. The hard fork is a major upgrade that will involve four Cardano Improvement Proposals (CIPs).
As reported, a panel of cryptocurrency industry experts has predicted that the price of Cardano will explode to $2.93 by 2025, and to $6.53 by 2030, although experts believe that by the end of the year, the cryptocurrency will trade at just $0.63.
Earlier this month, an artificial intelligence-based price prediction model is suggesting that the price of Cardano’s native token ADA is going to surge to trade at $2.9 by September of this year, representing a significant increase from the cryptocurrency’s current price.