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Cardano (ADA) Tops In The Crypto Jan 2024 In Terms Of Development Activity Again

Cardano blockchain smart contracts skyrocketed by almost 10,000 this year. 

Cardano is a popular Proof-of-Stake (PoS) highly scalable blockchain network which is known for its high network stability. Charles Hoskinson, co-founder of Ethereum, founded Cardano in 2015 & launched it in 2017. Unlike other crypto projects, Cardano is not backed by any Venture capital (VCs) funding and Hoskinson never uses any type of trending concept to represent Cardano, instead always remains focused on pushing innovative development activities across the Cardano economy to make Cardano useful at commercial level easily. 

According to Cardano Blockchain Insights, the cumulative number of V1 and V2 Plutus smart contracts on the blockchain protocol of Cardano hit 24,050. This number is showing 9,671 or 67% development growth from 1 Jan  2024, with a count of 14,379. 

In 2023, the Cardano network added 10,000 new contracts in its smart contract protocol. This shows that Cardano community developers are doing their job with Hoskinson’s vision. 

Data from Cardano builder Input Output Global (IOG), the developer firm behind Cardano, reported that 157 projects were launched, with 1,319 projects actively being developed on Cardano to the date. 

The current trade price of Cardano’s native token ADA is $0.46 & this trade price of ADA is 64% higher over the last 3 months of trade price.

Cardano (ADA) tops in the crypto Jan 2024 in terms of development activity again 1

Notebely ADA trade price plummeted nearly 14% in the last 7 days & 23% in the last 30 days but still, current sentiments are showing that Ada may soon hit $0.51, $0.545, and $0.58 price levels, is market will start to show small rally.

Under the worst scenario, the trade price of this token may not crash below $0.35  price point because of highest buy support level. 

Read also: Binance founder CZ offers $4.5B as a security deposit to get approval to go UAE 

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