• Advertise
  • Submit a Press Release
  • About Us
NewsBTC

Bitcoin & cryptocurrency news

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF
Cardano

What Zombiechain? Cardano Tops Blockchains In Active Developer Counts

Best Owie by Best Owie
1 year ago
in Cardano
Reading Time: 3 mins read

Cardano has often come under fire from those in the crypto space who have often mocked the apparent ‘lack of growth’ of the network. This has been especially more prominent when it comes to the decentralized finance (DeFi) part of the blockchain, as it continues to remain well behind its counterparts in the sector. However, the talks of Cardano being a ‘dead’ blockchain could not be further from the truth given how much development is being carried out.

One Of The Most Active

The developments that are being carried out on the Cardano network go to show just how much the blockchain is being worked on. It is in the nature of crypto investors to judge blockchains basically based on the hype they get and not the actual development being carried out, which has not been a good trend for the space.

Related Reading: Why You Should Start Paying Attention To Football Fan Tokens

About two weeks ago, Ethereum maximalist Evan Van Ness had taken to Twitter to call Cardano a zombiechain, mocking the low activity on the network. However, the stats are in and Cardano has been shown to be one of the networks with the most development being carried out.

In the report by Coin98 Analytics, Cardano was the 2nd blockchain with the most active developer counts. It ranked only behind Ethereum and was ahead of beloved blockchains in the space. It is ranked ahead of big hitters such as Solana, Polkadot, and Bitcoin.

Ranking of active developer counts:

1. Ethereum
2. Cardano
3. Polkadot
4. Cosmos
5. Solana
6. Near
7. Hedera
8. Elrond
9. Bitcoin
10. Polygon
11. Celo
12. Algorand
13. Avalanche
14. Waves
15. Optimism
16. Mina
17. Tron
18. Fantom pic.twitter.com/M4dDfFImaG

— Coin98 Analytics (@Coin98Analytics) October 15, 2022

Cardano (ADA) On The Charts

Over the last year, Cardano has been hit worse than some other blockchains in terms of price. It has declined more than 88% from its all-time high price and has not shown the best strength in the bear market so far, but there is still some fight left in the digital asset.

Cardano (ADA) price chart from TradingView.com

ADA price falls to $0.37 | Source: ADAUSD on TradingView.com

A report from CryptoQuant put the digital asset in an oversold position given its Relative Strength Index (RSI), which means that a recovery may be in the works for the digital asset. But the general market sentiment has not spelled good fortune for the digital asset. There could be more sell-offs to happen with the digital asset in the coming days.

Related Reading: Bitcoin Shakes Off Bears Following CPI Release, But Will This last?

Some indicators have put the price of Cardano below $0.25 before it will mark its market bottom but in the meantime, the digital asset has been able to hold firmly above $0.35, a point that has become critical support for the cryptocurrency.

The active developments on the blockchain paint a bull case for the cryptocurrency. IOG, the developer behind the Cardano network, has confirmed that there are already 102 projects that have been deployed on the blockchain so far, and there are now 6.4 million native tokens spanning more than 63,000 token policies.

Featured image from Analytics Insight, chart from TradingView.com

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

Tags: ADAadausdADAUSDTCardanoCardano developersCardano development
Tweet123Share196ShareSend
Best Owie

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors. Best is a true professional in every sense of the word with an exceptional dedication to producing high-quality work.

Related Posts

Cardano

Cardano (ADA) Retests Major Resistance Wall, Will Break Happen?

9 hours ago
Cardano AI bot ADA price

Cardano: AI Chatbot Starts Beta Phase, ADA Price Eyes 22% Uptick

5 days ago
Sam Altman

Cardano Founder Courts OpenAI’s Sam Altman – What Does He Want To Build?

2 weeks ago
Cardano ADA

Cardano Falling Wedge Pattern: Analyst Predicts 100% Increase Following Breakout

2 weeks ago
Cardano (ADA) Set To Skyrocket In December

History Repeats? Cardano (ADA) Set To Skyrocket In December, Predicts Analyst

2 weeks ago
Cardano

Cardano Breakout Of Epic Proportions: Analyst Predicts 1600% Rally To $6.5

2 weeks ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit
Inmerion

Inmerion

Review · Visit

Press Releases

  • GoMining Unveils The West NFT Collection

    11 hours ago
  • Where to Invest in Crypto? Experts Highlight Top Picks...

    13 hours ago
  • Investors’ New Favorite: BorroeFinance Surges Past...

    14 hours ago
  • Maximizing Profits in Forex: Raw Spread Forex Brokers’...

    15 hours ago
  • Rebel Satoshi’s Next Stage Excites Market: A Fresh...

    15 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best Crypto Casino

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.