Cardano Price Forecast as Cardano Becomes Top 3 Project for Development Activity – Can ADA 10x in 2023?
Cardano has established itself as a top project for developer activity, consistently appearing among the top three.
As a result of this trend, more investors and analysts are paying close attention to the price changes of Cardano to gauge its potential in the future.
Cardano (ADA) had a terrible year with massive price fluctuation like the rest of the cryptocurrency market.
It ended the year at $0.2456, and notably, it has grown to reach its current price of $0.4017.
However, Cardano surpassed many protocols regarding development activity in 2022.
Cardano, Polkadot (DOT), and Cosmos (ATOM) are rated as the top protocols in terms of development activities.
The analytics platform Santiment released the report on December 30, 2022.
Also, Santiment recently published its Top 20 crypto asset development activity over the previous 30 days on April 27.
Polkadot (DOT), Kusama (KSM), Cardano (ADA), Cosmos (ATOM), and Hedera (HBAR) were the top 5 of this latest report.
Notably, MutliversX (EGLD) and Aptos (APT) were also listed among the top 20.
Sentiment compiled its list based on asset development activity. It specifically monitored each project's GitHub activity while removing unrelated data.
Sentiment created a list of leaders for its development activity metric in response.
According to Santiment, the top performers on this statistic guarantee three things:
Moreover, CoinMarketCap data shows that the last 24 hours saw almost $320 million worth of Cardano (ADA) traded across significant exchanges with a market cap of $14 Billion.
Its current CoinMarketCap ranking is #7, with a circulating supply of 34,802,305,447 ADA.
Below are different analyses from various technical analysis indicators such as the Moving Average Convergence
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