The narrative surrounding Cardano ADA $0.70 24h volatility: 2.3% Market cap: $25.12 B Vol. 24h: $703.27 M

The narrative surrounding Cardano ADA $0.70 24h volatility: 2.3% Market cap: $25.12 B Vol. 24h: $703.27 M

Key Notes:

* Recent data from Cryptometheus reveals that Cardano has surpassed Ethereum in terms of core developer activity over the past year.

* This “flippening” in developer engagement is a significant shift in the narrative surrounding Cardano, often criticized as a “ghost chain.”

* In the last 12 months, Cardano boasts an impressive 21,439 GitHub commits across 550 core repositories, placing it ahead of Ethereum’s 20,962 commits.

* This surge in activity across Cardano’s 12 core projects and a wider ecosystem of 36 projects, encompassing 4,276 GitHub repositories, challenges previous doubts about its utility.

* The host of the Cardano Effect podcast, DefiPulse, recently noted this developer productivity 'flippening' and its potential impact on ADA price.

"It appears that Cardano has now flipped Ethereum in terms of core developer activity. In the past 12 months, Cardano projects have made 21,439 GitHub commits across 550 core repositories, compared to Ethereum's 20,962 commits across 468 repositories."

— Cryptometheus (@Cryptometheus_) April 22, 2025

ETH Surging Despite Lack of On-Chain Governance

According to Cardano founder Charles Hoskinson, he anticipates Ethereum to face a significant downturn by 2040 due to its outdated tech, layer 2 fragmentation, and now, its falling behind in developer activity.

suggesting that the blockchain giant needs to reconsider its accounting model, virtual machine, and consensus mechanism, advocating for a shift towards technologies similar to Cardano’s Ouroboros-Leios and RISC-V based virtual machines.

The core of his concern, however, lies in Ethereum’s lack of effective on-chain governance, which he believes will hinder its ability to adapt and evolve, ultimately leading to its decline within the next 10 to 15 years as competing ecosystems gain traction.

“I don't think #Ethereum will survive more than 10 years. It's running out of time to pivot and adjust its economic model, considering they still haven't implemented on-chain governance despite it being a critical component for long-term survival in a constantly changing environment.”

ADA Price Analysis

According to CoinMarketCap data, ADA trades at $0.70, showing a slight recovery from recent lows. Price is currently hovering around the 0.618 Fibonacci level ($0.6910) from the recent high of $1.036 and low of $0.41.

A sustained hold above this level could indicate continued bullish momentum, potentially targeting the 1 Fibonacci level at $0.7533 and then the 1.618 level at $0.8509.

Conversely, a break below the 0.618 level could see price retrace towards the 0.5 Fibonacci level ($0.654) and potentially lower.

MACD (Moving Average Convergence Divergence) indicator shows the MACD line (blue) crossing above the signal line (orange), and both are currently above the zero line. This generally indicates bullish momentum is building.

The increasing height of the green histogram bars further supports this positive momentum. However, it’s important to note that the MACD lines are still relatively close, suggesting the momentum is not yet overwhelmingly strong and could be subject to change.

The post Cardano Surpasses Ethereum in Core Developer Activity: A 'Flippening' in Engagement and Utility appeared first on CoinCenter News.