Cardano [ADA], the number #8 largest cryptocurrency by market cap, has maintained its top spot among traders and investors alike. Well, thanks to its relentless development pursuit.
This has aided the coin to create small gains as seen on CoinMarketCap. However, ADA still awaits to undergo a large upward movement that could take it above the $1 mark.
Doing what I do the best
Herein, GitHub activity is an interesting metric when analyzing ICOs and crypto projects. Developers’ time is a relatively expensive resource.
And, if a given project has a lot of developers dedicating their time and skills, it’s a good sign for the network.
Moreover, Cardano’s total value locked (TVL) report card showed a graceful result despite the overall market correction.
As per DefiLama, the TVL stats stood at $125.96 million, a significant rise from June’s report card.
This could paint a positive picture in the minds of long-term investors. Although the money is not attracted to the ecosystem,” it is not gonna be withdrawn out of the ecosystem despite the negativity of the market, marking a sustainable TVL,” Cardano Daily Twitter handle tweeted on 27 July.
Thanks to you
Cardano has witnessed a lot of support to help the network reach a stage that is characterized by partnerships, increased popularity, and accessibility.
With this deal, Djed would become the official stablecoin of all Thrift projects, including a peer-to-peer platform, wallet, fiat off-ramp solution, and Thrift protocol.
— COTI (@COTInetwork) July 26, 2022
At the time of writing, ADA traded at the $0.47 mark after witnessing a 0.5% surge. This price point was still quite distant from the much-anticipated $1 mark.