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Code Wars: Cardano Claims The Crown From Ethereum In Core Development

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Cardano has surpassed Ethereum in central developer activity, a dramatic turn that disputes its long-held status as a “ghost chain.” The development has kindled fresh optimism among investors that Cardano’s price may soon experience significant increases.

Developer Numbers Reflect Shocking Flip

According to data platform Cryptometheus, Cardano now ranks first in blockchain development with 21,439 GitHub commits over the past 12 months. These commits span 550 core repositories, putting Cardano ahead of Ethereum’s 20,962 commits during the same period.

The data indicates activity in 12 fundamental Cardano projects, with the wider ecosystem demonstrating activity in 36 projects. This wave of developments has driven activity in 4,276 GitHub repositories, offering tangible proof to counter accusations that Cardano is not being utilized in the real world.

Ethereum Faces Increased Competition

Ethereum’s ranking in second place is what some refer to as an “underwhelming year” for the network. The network lagging behind in terms of developer numbers comes as Cardano founder Charles Hoskinson speculates that Ethereum will collapse by 2040.

Hoskinson cites several reasons for his prediction: old tech, layer 2 solution fragmentation, and declining developer participation. This criticism comes at a sensitive moment since Ethereum is also struggling with Internet Computer, which is currently ranking third in developer activity.

The Ethereum Foundation has set out a new vision for scaling its layer 1 capabilities, which could reverse the trend of developer disengagement.


Price Predictions Follow Development Success

Cardano’s cryptocurrency, ADA, is currently trading at $0.69 and seems to be maintaining crucial support levels. This steadiness, coupled with the uptick in developer activity, has prompted analysts to forecast substantial price increases.

Crypto analyst “Token Talk” proposes ADA might observe a 100% jump to $1.20-$1.30 within the existing market cycle. Looking further down the line, the analyst estimates a possible value of $10 by 2029.

 

Technical indicators are also supportive of shorter-term optimism. The golden cross pattern has traders looking for the $1 level, with around $20 million of ADA having just transferred off exchanges recently – widely regarded as a bullish sign.


Strategic Partnerships Fuel Ecosystem Growth

Cardano is making efforts to expand its ecosystem with strategic alliances, such as an upcoming integration with XRP for its Lace Wallet. As reported, the alliance is intended to establish mutual gains for both blockchain networks.

The alliance will look to improve price performance for both tokens as well as increase the real-world uses of their respective ecosystems. The move is consistent with Cardano’s overall effort to drive up adoption and use on its platform.

For Cardano enthusiasts, the convergence of top developer metrics, strategic collaborations, and upward price indicators portends that the project might be finally shaking off its “ghost chain” stigma.

Featured image from Techbuild Africa, chart from TradingView

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