Altcoins

Santiment Report : Cardano Outperforms Bitcoin, Ethereum, Polkadot, And Other Two Altcoins

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Jul 28, 2022

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Since May 2022, the competitor, cardano has seen a series of developments without experiencing any glitches in the network performance.

Now, as the currency outperforms several other competitors in the crypto space, the analytic firm talks about its performance.

Santiment, a crypto analytic firm’s data depicts Cardano’s GitHub depository and showcases how impressive the figures have been when compared to Flow (FLOW), a layer-1 developer tool, Polkadot (DOT), Kusuma (KSM) along with Ethereum (ETH)

GitHub is a platform where software is built and the analytic platform had recently shared data that showed the momentary performance by Cardano.

Further, Valentin Mihov, Chief Technology Officer at talks about GitHub activity and says for any project the developer’s time and dedication are very much important and if a project includes too many developers then this indicates a few things. 

According to the officer, this would mean people believe in the success of the project, the project has some feasible features and also there is less chance that the project is just a scam.

At the time of reporting, Cardano is selling at $0.500 with a surge of 7.42% in the last 24hrs.

XRP Gains Unique Active Addresses

Meanwhile, Santiment also suggests that the xrp ledger network (XRP) has gained several unique active addresses in the last two-and-a-half years. The network has succeeded at 247,000 addresses.

On the whole, the crypto space has seen five networks reaching their record highs.

At the moment, Ripple’s XRP has surged by 6.52% in the last 24hrs as the currency is positioned at $0.357.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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