The cryptocurrency market is showing signs of recovery, led by the leading crypto Bitcoin. Leading altcoin Ethereum rival Cardano (ADA) is also eye-catching in terms of market performance. Meanwhile, crypto analytics firm Santiment revealed in a metric that Cardano has outpaced some of its key rivals. Also, according to Santiment, XRP Network has reached a major milestone.
“Cardano reigns as the most advanced asset in crypto”
cryptocoin.com As you follow, the crypto market has started a new recovery move. However, some altcoins outperform their competitors in the market. Of course, this difference is not only in terms of price. Crypto analytics firm Santiment notes that its decentralized blockchain platform Cardano (ADA) has beaten several key competitors. In this context, he draws attention to the continued growth of the altcoin project. According to a new post from Santiment, Cardano has had an impressive number of GitHub repositories compared to the lower numbers from its competitors.
Cardano’s past competitors include layer-1 developer tool Flow (FLOW), cross-chain interoperability protocol Polkadot (DOT) and connected test-net Kusama (KSM), and leading smart contract platform Ethereum (ETH). The analytics firm made the following statement on the subject:
Based on our analysis of code submissions, issue interactions and more, Cardano reigns as the most advanced asset in crypto. We excluded routine updates from teams to ensure only relevant enhancements are included.
Source: Santiment / TwitterWhat does GitHub event mean for altcoin?
The crypto analytics firm recorded the rapid pace of its development on GitHub just three weeks ago, with the latest data showing that Cardano continues the momentum. Santiment chief technology officer Valentin Mihov explains the importance of monitoring GitHub activity in a blog post:
Developers’ time is a relatively expensive resource. If there are a lot of developers dedicating their time and skills to a particular project, it can mean several things. These people believe that the project will be successful, that the project is sending more features, or that the project is unlikely to be just an exit scam.
At press time, the altcoin was trading at $0.5301, gaining 1.01% on a daily basis. In addition, Cardano continues its market rally in the weekly time frame.
“Ripple (XRP) has reached a major milestone”
Santiment also points out recently that the distributed ledger XRP Network (XRP) has had the most unique active addresses in nearly two and a half years. There were five major network increases in total over the past week. In this context, the crypto analytics firm made the following statement:
XRP Network has reached a major milestone. The amount of unique addresses currently interacting on the network exceeded 247,000 in just a 4-hour window. This is the highest increase recorded since February 2020. The new XRP addresses created remain stable.
At press time, the altcoin was trading at $0.3925, up 7.03% on a daily basis.
