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Despite not being placed first, both Chainlink and Cardano show a respectable amount of development activity. Both assets have been traditionally considered among the most actively developed cryptocurrencies in the industry. But how does that affect their prices and growth in general?
The most recent data indicates that Chainlink has risen to second place, while Hedera continues to lead in terms of development activity. The methodology for this ranking involves tallying all nonredundant project activity and calculating the average daily activity for the previous 30 days. The list's arrows show how the rankings have changed since the previous month's update:
- Hedera (HBAR)
- ChainLink (LINK)
- Optimism (OP)
- Internet Computer (ICP)
- Cardano (ADA)
- Status (SNT)
- Cosmos (ATOM)
- zkSync (ZK)
- Starknet (STRK)
- Aptos (APT)
It is clear that Chainlink and Cardano are being actively developed, but let's look at how they performed on the market. With a current price of $14, Chainlink has increased by 5.14% recently. Its volume has also increased significantly by 40%, indicating a rising number of traders.
Technically, if Chainlink can break through these resistance levels, it may be on the verge of an upward trend. It is currently approaching its 50 EMA at $15.27, with the 100 and 200 EMAs above it.
Alex DovbnyaAt $0.4, Cardano's price has increased by around 3-4% in the last three days. According to the chart, Cardano is up against the resistance at $0.42, which is the 50 EMA. The 100 and 200 EMAs would be the next targets if it could overcome this level.
Due to their development efforts, which boost investor confidence and stimulate market interest, both Chainlink and Cardano can profit. Long-term investors find them appealing because their active development indicates possible future improvements.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Tomiwabold Olajide
Gamza Khanzadaev
Dan Burgin
Alex Dovbnya