Cardano cryptocurrency is among the top 3 best crypto projects

According to the Proof of Git Hub, Cardano (ADA) cryptocurrency is among the top three crypto projects of the week, thanks to the recent successful Vasil hard fork, analysts believe.

GitHub Weekly Development Activity:

#1: 543 Polkadot-new
#2: 543 Kusama
#3: 434 Cardano
#4: 327 Status
#5: 297 File-coin
#6: 292 Ethereum
#7: 289 Decentraland
#8: 277 Vegaprotocol
#9: 269 Cosmos
#10: 245 Flow

— ProofofGitHub (@ProofofGitHub) October 7, 2022

Cardano developers have been actively working on improving the project over the past 7 days, optimizing Vasil’s performance on the main network. Currently, 1117 projects are being built on the Cardano blockchain, and 102 have already been launched. As for the ADA token, at the time of writing, it is trading for $ 0.42, having dropped by 1.13% over the past day.

Despite the successful operation of the Vasil hard fork and the positive feedback from the crypto community, some analysts expect Cardano to fall to historic lows. Among the negative experts is Evan Van Ness, who is convinced that Cardano remains popular only because of the large number of bots that pump the token. Evan Van Ness has not noticed a significant increase in user activity or price spikes. According to the analyst, this indicates that members of the cryptocurrency community are not too interested in the token.

Cryptocurrency analyst and investor Peter Brandt shared a similar view at the end of last week. Cardano’s downtrend began in mid-May 2022 and will continue in the future, despite the positive developments around the token. The historic Vasil hard fork did not save Cardano from the upcoming decline, the analyst said. Brandt expects ADA to trade for $ 0.25 by the end of 2022.