Saturday, April 13, 2024

Cardano Sees Highest Development Activity in November.

An analysis carried out by Santiment, an on-chain market intelligence platform, highlighted that Cardano recorded the highest development activity in the month of November.

The development activity rates were 18% higher than the next highest-ranked asset, Polkadot which saw 572.67 generated events compared to Polkadot’s 486.13 events over the past 30 days. Cardano witnessed a steady increase in smart contracts. It increased the total number of smart contracts based on the Plutus platform by over 300% in 2022. As of December 1, it had 3,944 scripts.

The Cardano builder Input Output Global (IOG), in November, launched the world’s first blockchain decentralized index. This came about after the establishment of a new resource section for Plutus DApps developers on the Cardano Docs website.

It should be noted that ADA, Cardano’s native token, is trading at $0.323 and increased by 1.19% in the last seven days. The altcoin is trying to recover from its cumulative monthly loss of 19.78%. It’s expected to touch $0.42 by the end of the month, representing an increase of 33.16% from the asset’s current price. Analysts say Cardano will be able to maintain its position among the top 10 cryptocurrencies by market cap over 2022.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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