On-chain analytics resource Santiment says a popular altcoin project has the most advanced cryptocurrency. Here are the reasons…
Which is the most advanced altcoin according to Github data?
When it comes to development activities on GitHub, Santiment says Cardano is the most prevalent blockchain location. Additionally, Github data provided by the Santiment business shows an increase in the level of activity viewed by Cardano developers.
Github is a web-based storage service for software development projects. The activities here demonstrate developer interest in an altcoin project. A recent Santiment tweet extracts from Github data:
Based on our analysis of code submissions, issue interactions, and more, Cardano reigns supreme as the most advanced cryptocurrency on the market.
https://twitter.com/santimentfeed/status/151973832067428353
GitHub activities are an important factor to consider when evaluating ICOs and other altcoin projects. From this data, we can learn which projects the developers are working on. Accordingly, we can derive various meanings from the focus of many developers on a project. Developers often focus on projects that will yield results in the long run. In this regard, there are important updates that Cardano has implemented.
Vasil hard fork attracts more developers to network
The popularity of Cardano (ADA) is growing in conjunction with the highly anticipated Vasil hard fork. More developers and investors are joining the network to experience the benefits of the new update. In this context, Vasil hard fork will make Cardano network more efficient and faster. Cardano had last gained smart contract capability with the rise of Alanzo. Vasil, on the other hand, is an update that focuses more on improving the efficiency of the network.
cryptocoin.com As you follow, the Cardano team recently announced that they have successfully implemented Vasil on the testnet. The team is asking for another four weeks before implementing the update on the mainnet.
Cardano technical analysis
On the technical side, ADA price continues to struggle with the $0.55 resistance. During this range, it trades around the $0.435 support zone. More broadly, the ADA price is forming a fractal that emerged on June 13.
Fractal liquidity revolves around collecting. The June 13 low of $0.435 rose 21% to $0.527 on June 19. The second liquidity run occurred as the low volatility of July 13 swept away the remaining liquidity below July 1. He pushed this development up 26% to $0.550.
The third liquidity event is likely to occur with the July 13 low of 0.401 or the May 12 low below $0.380. Interestingly, both liquidity events so far have been around or below the oversold zone at 30. Therefore, traders can check the RSI for secondary confirmation. Finally, potential gains from the resulting rally with a sweep of $0.401 or $0.380 would be between 40% and 55%, according to analyst Akash Girimath.
