What Zombiechain? Cardano Tops Blockchains In Active Developer Counts

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 network’s apparent “lack of growth.” This has been particularly evident regarding the blockchain’s decentralized finance (Defi) portion, as it lags far behind its industry peers. However, talk of Cardano being a “dead” blockchain couldn’t be further from the truth, given the tremendous amount of development.

One of The Most Active

The developments on the Cardano network show how much work is being done on the blockchain. It is like crypto investors to judge blockchains based on the hype they receive rather than actual performance. They are taking place, which was not a good trend for the space. About two weeks ago, Ethereum maximalist Evan Van Ness took to Twitter to call Cardano a zombie chain and mock the low activity on the network. However, statistics are available, and it has been shown that. Cardano is one of the most developing networks. In the Coin98 Analytics report, Cardano was the second blockchain with the highest number of active developers.

It was ranked only behind Ethereum and ahead of beloved blockchains in space. It ranks ahead of big hits like Solana, Polkadot, and Bitcoin.

Cardano (ADA) On The Charts

In the last year, Cardano has been hit harder in price than other blockchains. It’s down over 88% from its all-time high and hasn’t shown its best strength in the bear market. But there is still a struggle in digital assets. A CryptoQuant report placed the digital asset in an oversold position, given its Relative Strength Index (RSI), meaning a recovery could be in the works for the digital purchase. But overall, market sentiment has boded no luck for the digital support; There could be more liquidations involving digital assets in the coming days.

Some indicators put Cardano’s price below $0.25 before bottoming the market. Still, in the meantime, the digital asset has been able to hold firmly above $0.35, a point leading to critical Support for the cryptocurrency. Blockchain developments speak for cryptocurrency. I, the developer behind the Cardano network, have confirmed that 102 projects have been implemented on the blockchain, and now there are 6.4Four million native tokens spanning 63,000 token policies.

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