Key notes
- Cardano now leads Ethereum in the activity of basic developers, reporting an increase in project engagement.
- ADA is negotiated around the crucial level of 0.618 Fibonacci ($ 0.6910) with a MacD Haussier.
- The founder of Cardano, Charles Hoskinson, predicts the decline of Ethereum in the 10-15 year olds.
The story surrounding Cardano
ADA
$ 0.69
24h volatility:
3.2%
COURTIC CAPESSION:
$ 24.79 B
Flight. 24 hours:
$ 643.89
undergoes a significant change. Long criticized as a “ghost chain”, recent data reveal that Cardano has now exceeded Ethereum in terms of the basic activity of the developer in the past year.
This “Flippe” in the commitment to the developers’ commitment, as reported by Cryptometheus, shows that Cardano with an impressive 21,439 Github Commites through 550 basic standards in the past 12 months, placing it before the 20,962 Ethereum commitments.
This increase in activity in the 12 basic projects of Cardano and a broader ecosystem of 36 projects, including 4,276 GitHub standards, calls into question the previous doubts about its usefulness and reign the bullish feeling for its native token, ADA.
The fall of eth
The founder of Cardano, Charles Hoskinson, has further fueled this story by issuing an austere prediction: he provides that Ethereum will face a significant slowdown by 2040. Hoskinson attributes this to the “obsolete technology” of Ethereum, the fragmentation of layer 2, and now, its delay in the activity of development.
Founder of Cardano: “I don’t think #Ethereum will survive more than 10 years. “” pic.twitter.com/bb1qrmhm2k
– Altcoin Daily (@altcoindayio) April 23, 2025
He suggested that Ethereum must reconsider his accounting model, virtual machine and consensus mechanism, pleading for a transition to technologies similar to virtual machines Ouroboros-Leios and Risc-V of Cardano.
The heart of his concern, however, lies in the lack of effective governance on the chain of Ethereum, which, according to him, will hinder his ability to adapt and evolve, ultimately leading to decline in the next 10 to 15 years as competing ecosystems gain ground.
ADA price analysis
According to CoinmarketCap data, ADA is negotiated at $ 0.70, oscillating around the level of 0.618 Fibonacci ($ 0.6910). A sustained plug above this level could indicate a continuous bullish dynamic, potentially targeting level 1 fibonacci at $ 0.7533, then the level from 1.618 to 0.8509 $.
Conversely, a break below the level of 0.618 could see the prices retreat to the level of 0.5 fibonacci ($ 0.654) and potentially lower.
Ada Daily Chart | Source: tradingView
The MacD indicator (average average convergence of the average) shows the MacD line (blue) crossing the signal line (orange), and both are currently above the zero line. This generally indicates that the bullish momentum is building.
The growing height of the green histogram also supports this positive impulse. However, it is important to note that the MacD lines are still relatively close, which suggests that the momentum is not yet extremely strong and could be subject to change.
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Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
Parth Dubey on LinkedIn
