A major reversal has been witnessed in the crypto world. Cardano, which was called a “Ghost Chain” i.e. an inactive blockchain

A major reversal has been witnessed in the crypto world as Cardano, which was called a “Ghost Chain” i.e. an inactive blockchain for many years, has now overtaken Ethereum to take the first place in core developer activity. According to crypto data platform Cryptometheus, Cardano has recorded 21,439 commits on GitHub in the past 12 months, while Ethereum was limited to 20,962 commits in the same period.

Cardano’s developer activity is spread across its 550 core repositories, which include 12 main projects and a total of 36 projects across the ecosystem. These 36 projects together have committed active coding and updates to 4276 GitHub repositories so far. This data proves that Cardano is no longer just an idea or a slow network, but has become an active and technically advanced blockchain platform.

On the other hand, Ethereum, which has always been at the forefront of developer activity, has now fallen to second place. Cardano founder Charles Hoskinson has even said that Ethereum could “crash” by 2040. In a recent live stream, the Cardano founder said ADA could cross the $10 mark. He said that if the Input Output Global (IOG) strategy is successfully implemented and the community supports it enthusiastically, ADA Price could reach between $3 and $10 in the future.

According to Charles, the Status and Threats of Ethereum

* The gas price of the Ethereum network could increase sharply due to the PoS transition and the resulting demand.

* The developer activity on Ethereum has decreased in recent months, and the core teams may be focusing on specific projects or modules.

* ​​According to the DeBank data, the total value locked (TVL) on Ethereum has decreased from a peak of $32 billion in March 2022 to $16 billion at the beginning of August 2023. This decrease in TVL may indicate a decrease in user activity and demand for Ethereum DeFi protocols.

* The modularization of Ethereum Layer 2 solutions, such as Optimism, Arbitrum, and StarkNet, could lead to fragmentation of the developer community and a decrease in activity on the main chain.

However, the Ethereum Foundation has recently introduced a new Layer 1 scaling vision, which is likely to lead to a return to developer activity in the future. This vision focuses on optimistic rollups and aims to enable 1000 transactions per second and 1000000 accounts on Ethereum mainnet.

The developer growth of Cardano is not limited to just the technical case, it is also affecting its cryptocurrency ADA Price. Currently, ADA is trading around $0.70 and remains at a strong support level. According to crypto analyst T0ken Talk, Cardano Price can see a rise of up to 100% in the coming days.

He believes this rally could take ADA past $1 in this cycle and in the long run, it could reach $10 by 2029.

This partnership will benefit both networks not only in terms of price, but also in utility and deployment. According to reports, Cardano’s Lace Wallet may soon integrate XRP. According to a recent post on X (formerly Twitter), a core developer at Cardano is working on adding XRP support to the open-source, cross-chain wallet.

The developer, who uses the handle @glenn__x, stated that he is "keen to get this done" and is currently "waiting on feedback from the maintainers."

If the integration is successful, it could allow Cardano users to seamlessly buy, sell, and trade XRP, expanding the possibilities for both ecosystems. The partnership would also highlight the interoperability of different blockchains and foster collaboration in the crypto space.

As the leading smart contract platform, Solana has already integrated XRP in its ecosystem. If Cardano follows suit, it could lead to increased adoption of both cryptocurrencies and their respective networks.

This news comes as Ripple continues to expand the XRP ecosystem with new partnerships and collaborations. Recently, Animoca Brands announced its integration with the token in its upcoming game, "Lost Island."

Moreover, DEFI STATION, a decentralized finance (DeFi) platform, has also completed the integration of XRP on its protocol, further expanding the cryptocurrency's utility beyond payments.

If you want to attend the ADA (Cardano) rally, it will be beneficial to keep these important things in mind.

Some tips before investing

Be sure to do your research – understand ADA’s team, technology, and ecosystem thoroughly.

Invest step by step – Do not invest the entire fund at once, adopt the DCA (Dollar Cost Averaging) strategy.

Choose a safe wallet, like Lace Wallet or Yoroi, so your funds are safe.

Take advantage of ADA staking – Cardano’s Ouroboros proof-of-stake system delivers stable staking rewards.

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