Cardano Developer Activity Soars: How Will This Impact the ADA Price?

Cardano’s ADA has showcased a commendable performance in the first quarter of 2024! The upward trajectory has recorded a striking surge to $0.80 in March from $0.59 in the year beginning. This kind of positive price mark was last seen in May 2022.

Cardano stood out as one of the top crypto coins in 2024, emerging with the highest weekly GitHub engagements. Cardano has surpassed Ethereum and other L1 networks in developer activity. Experts predict ADA price to be impacted by this recent puff in the Cardano ecosystem.

Cardano Leads Ethereum in developer activity

Developing new features and broadening the network’s capabilities despite a market downturn fortifies investor confidence in its enduring sustainability. A similar scenario is seen in Cardano’s recent update!

Cardano recorded a staggering 978,780 commits in the second week of March, outshining Ethereum’s 407,170 commits. Cardano led Ethereum, Avalanche, Algorand, and Tron in the developer activities, and the Cardano developers have pushed 23,248 GitHub commits since 2023. Within the last seven days, 55 crore developers contributed 248 commits across 55 crore repositories on GitHub for Cardano.

Data from the marketing intelligence firm IntoTheBlock states that Cardano is the most actively developing crypto blockchain. Moreover, Cardano outpaced the largest smart contract network, Ethereum.

The chart accompanying the post suggested Cardano’s cumulative developer contributions are above the 450k commits threshold. Where Ethereum developers recorded below 442k commits. Cardano’s price prediction in 2024 shows an optimistic path and experts are quite bullish about its movement from here.

Will ADA cross the $1 Mark in 2024?

The Cardano network’s strong developer community and its active engagement in enhancing the platform would surely make ADA one of the altcoins to watch ahead in 2024. Market experts remain bullish on Cardano’s prospects due to its strong developer community and soaring metrics.

Recent predictions on ADA price in 2024 suggest that the token will break the $1 mark and reach $1.06 by the end of 2024. ADA is changing hands for $0.63 despite the visible bullish GitHub commit data. However, due to the latest optimistic development in the network activity, experts predict a bullish 2024 for ADA!

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