Cardano Remains the Leader in Development Activity
Analytics firm Santiment has released a new report on the development activity of various cryptocurrencies. This activity is measured by tracking the amount of work developers put into public GitHub repositories. However, counting commits alone can be misleading when accounting for forked projects. To address this issue, Santiment’s metric measures work in units of “events,” including code pushes, issue interactions, comments, and forks. According to the data, Cardano continues to lead in development activity with nearly 333 events in the past month. Polkadot and Kusama follow closely behind with a value of 329.57. Ethereum has also made its way back into the top 10 list.
The Importance of Development Activity
A high development activity indicates committed developers and suggests that the project will continue to improve its features in the future. This commitment reduces the likelihood of a rug-pull and can serve as an indicator of a coin’s long-term viability.
Cardano’s Price
Today, Cardano’s price has dropped to $0.46 along with the rest of the market.
Hot Take: Cardano Maintains Its Lead in Development Activity
According to recent data from Santiment, Cardano remains at the forefront when it comes to development activity among cryptocurrencies. This metric measures the amount of work developers contribute to public GitHub repositories and serves as an important indicator of a project’s commitment and long-term viability. With nearly 333 events in the past month, Cardano outperforms other leading cryptocurrencies like Polkadot and Kusama. This consistent development activity demonstrates that Cardano has dedicated developers who are actively improving its features and making it less likely to be a risky investment. However, despite its strong development activity, Cardano’s price has seen a decline along with the overall market.
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