Cardano (ADA) ranks first in development activity, surpassing Bitcoin and Ethereum

Data from the 3e25cf20-8644-4c24-af7e-8fd4e8e9eb14 intelligence platform Santiment shows that in the past 30 days, Cardano (ADA) ranked first in development activity, becoming a top cryptocurrency. Polkadot (DOT) and Kusama (KSM) ranked second and third respectively, while Ethereum (ETH) was tenth. Notably, Bitcoin (BTC) did not make the list. Previously, CryptoPotato reported that in November last year, ADA also surpassed leading cryptocurrencies on this indicator with ETH ranking ninth and BTC again failing to rank. Cardano has also made some progress in the field of non-fungible tokens; NFT sales soared to $165k over the past 24 hours - an increase of nearly 40% day-on-day.

 

Ethereum's sales exceeded $14 million over the past day - up by 9%. In contrast, ADA's price recently suffered a severe drop; according to CoinGecko data it fell nearly 15% over the past week. This decline is consistent with bearish conditions across all markets: BTC fell by 9%, ETH dropped by12%, SOL declined more than16% over last week. Despite poor market trends many experts remain optimistic about ADA's prospects for2024 with some predicting new historical highs.