Cardano top 3 Blockchain for development
Cardano top 3 Blockchain for development
As the saying goes those who build in the bear market profit in the bull season and it looks like people have been keeping an eye on what blockchains are doing what in preparation for the next Bull run.
You might think Ethereum is in top spot given it's well known name and stability but according to insights development wise it is ranking 8th. So while Ethereum is still within the top 10 of activity it isn't as high as some emerging chains.
So who are the top chains attracting all the development and building new projects? Let's take a look.
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Top Blockchains currently being developed
Ranked #1 is quite surprising with Kusama then Polkadot and in their place is Cardano followed by Cosmos. Cardano is an interesting blockchain especially to be in their position given the blockchain was developed through an Ethereum split.
Cardano is building more on it than Ethereum is currently which many investors are keeping a close eye on as Cardano has long been said to one day increase in value. Given the peak in development it looks like to project is developing something but we're going to have to wait and find out.
Cosmos development is also exciting as it is a chain that has been relatively stable and managed to pull through after the Terra (Luna) Collapse and given that it survived that incident there is big hope for Cosmos in the future.
Cardano outlook
The current market price of Cardano is $US0.40c at time of writing indicating the token is trending down currently despite the broader crypto market moving in an upward trend. It is uncertain how well Cardano will perform in the next bull run but some punters are betting on the token to be on of the digital currencies to gain ground in the next bull run.
Despite the fact that strong development on Cardano network hasn't seen the same price increases as witnessed with other projects on the scale.
The market overall seems to be recovering well from the FTX collapse with funding and investment returning to the sector which now sits at $US1.2 Trillion dollars having dipped below $US800 Million the increase has seen $US400 Million return in investment.
How much inflation is making an impact on the sector is uncertain but what is certain is that Crypto currency is here to stay.
image sources provided supplemented by Canva Pro Subscription. This is not financial advice and readers are advised to undertake their own research or seek professional financial services.
Posted Using LeoFinance Beta
I think the issue that I see is that I haven't really heard much about the applications on Cardono that sticks out to me. In a way, I know the crypto because people have talked about it but I don't really know anything that is on that blockchain.
Posted Using LeoFinance Beta
Is the fact I couldn't name a single Cardano based dApp a good thing because it's how back-end marketing should be done?
Posted Using LeoFinance Beta
I had been searching for weeks for a way to scale my blockchain startup, but was struggling to find the right people to join my team. Then, I came qit software across a website that specialized in blockchain staffing. It was like a dream come true, as I was able to connect with highly-skilled professionals who shared my passion for blockchain technology.
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