Cardano is ready to fight its competitors, securing a top position in development activities. As one of the biggest competitors of the Ethereum blockchain, Cardano ranked first in footing development operations over the blockchain. In spite of the network’s slow growth on various fronts, the network defeated its criticisms and outshined as a major blockchain network, surpassing Polkadot and Kusama.
The Game of Bullish Developers
A big break in Cardano boomed the crypto market on August 22. The news was related to the ranking of Cardano in terms of development activities. Cardano is a blockchain network for innovators, changemakers, and visionaries. Launched in 2017, the network is built on a Proof-of-Stake (PoS) protocol and is considered a third-generation network, following Ethereum and Bitcoin. The main purpose of the blockchain introduction is to overcome the blockchain issues and emerge as the best alternative to the Proof-of-Work (PoW) network.
Cardano secured the top position, beating Polkadot and Kusama. Cardano, one of the major competitors of the Ethereum blockchain, is ready to rule the crypto landscape soon. The blockchain ranked first in terms of Github commits that measure the development activity across blockchains. In the past few months, Cardano’s development actions picked up speed without fearing the declining prices of the altcoin.
In addition, Polkadot and Kusama are the next two blockchains performing well in terms of developmental activities in the past few months. All credit goes to the developer team of Cardano. The steady expansion of the front end, and launching of new updates and solutions for the blockchain concerns added value to Cardano. Launching of cross-chain bridges also added value to the Cradano network and sought the attention of the inspecting team. Sentiment acknowledged that a crypto intelligence tracker boomed Cardano’s reputation and development activities in the crypto landscape.
In addition, the blockchain outperformed the likes of Kusama, Chainlink, and Polkadot and developed top ranking in the race. The recent achievements and fame of Cardano represent the hard work of the team despite ADA’s disappointing price action. The team played a major part in consistently developing the network to build a steady, bright, and powerful positioning in the crypt environment.
Current State and Performance
Focusing on the current performance and positioning, ADA price is $0.2602, an upsurge of 0.39% in the past 24 hours with a market cap of $9.115 Billion. The total trading volume observed within the past 24 hours is 211.709 Million, an all-time high up to $3.160. In addition, the maximum supply of ADA is 45 Billion with a total supply of 36.092 Billion. Binance, Bybit, Bitrue, Deepcoin, and OKX are some platforms from which ADA can be purchased at the current price.
Conclusion
A big breaking news on Cardano completely stirred the crypto landscape. The blockchain network beat Polkadot, Kusama, and Chainlink and secured first position in terms of development activities. All credit goes to the team of developers who outperformed and added the blockchain in securing a top position.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/08/27/cardano-surpassed-polkadot-and-kusama-and-hit-the-top-position/