Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Cardano Takes the Lead In Development Activity, Hits New All-Time High

Published 05/15/2021, 02:40 AM
Updated 05/15/2021, 03:00 AM
Cardano Takes the Lead In Development Activity, Hits New All-Time High

  • GitHub metrics measuring tool puts Cardano on top of the weekly development activity list
  • This list also shows Kusama, Polkadot, Gnosis, and Ethereum
  • Cardano (ADA) also reached a new all-time high of $2.18 today

Aside from Cardano, there are many other notable platforms on the list. Kusama, Polkadot, Gnosis, Ethereum, Trust Wallet Token, Status, Solana, Ark, and Elrond also made it to the weekly development activity chart.

In the past months, Cardano has been topping the charts for the number of commits on Github. For those who don’t know, a commit in GitHub is a revision. It is an individual change to a file (or set of files). This means that the more commits, the more development happens.

Cardano topping the chart shows that the Cardano development team may be busy pushing the Alonzo hard fork which is scheduled for August. This update will bring smart contracts functionality to the platform.

According to analyst Lark Davis, the advent of smart contracts in Cardano might mean that the Cardano price will double in August. He tweeted, “cardano smart contracts in August will probably see the price double in triple in the lead up to the event.”

Meanwhile, Cardano hit a new all-time high today. Despite the recent Bitcoin FUD caused by Elon Musk, Cardano stood strong. According to Coinmarketcap.com Cardano hit 2.18 US Dollars today.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

This article was first published on coinquora.com

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.