- Polkadot and Cardano rank first in terms of number of development activities over the past 30 days.
- DOT and ADA have increased in price in the last 48 hours.
Over the past 30 days, Polkadot (DOT) and Cardano (ADA) have ranked as the top networks in terms of development activity. Despite sharing many similarities in their development efforts, each had different pricing trends.
Polkadot and Cardano show strong development activity.
recent chart According to Santiment, on November 29, Polkadot ranked first in terms of development activity, followed by Cardano in second place.
Notably, this marks the first time in over two months that Polkadot has surpassed Cardano in development activity.
However, despite similar rankings, Polkadot and Cardano have experienced different trends in the number of core developers involved.
Polkadot shows stronger core developer numbers.
Data from DefiLlama shows a notable difference in monthly developer numbers between the two networks. Polkadot recorded about 127 developers in November. This is more than Cardano’s 29 developers.
However, despite these differences, both networks generated roughly the same level of development activity. Cardano lagged in the number of core developers and developer activity, but still boasted positive developments.
In particular, AMBCrypto’s DefiLlama chart analysis shows that Cardano’s Total Value Locked (TVL) has recently increased. At press time, it had reached more than $260 million, the highest in more than a year.
DOT and ADA have rallied over the past 48 hours.
Over the past seven days, Polkadot has seen a generally positive price trend, except for a 3% drop on November 27th. However, looking at AMBCrypto’s daily time frame, we see that it is up over 3% in the last 48 hours.
This brought the trading price of DOT to around $5.3. In particular, the short-term moving average (yellow line) was rising at the time of this writing. However, the yellow line was still positioned below the price trend.
This indicates that the trend has not yet gained much strength.
Source: TradingView
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Cardano, on the other hand, has struggled to maintain a positive price trend over the past seven days. There were more decreases than increases.
However, it has shown improvement over the last 48 hours with a rise of over 2%. At the time of this writing, it is trading around $0.38. Similar to Polkadot, Cardano’s short-term moving average was lower than its price action.
Source: TradingView
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