Cardano’s Active Developer Count Surges, Will Cardano Surpass Ethereum?
A new ranking of cryptocurrencies by the DeFi platform, Coin98, place Cardano second in active developer count, behind Ethereum but ahead of Polkadot in third place and Cosmos in fourth place. The ranking brings to light developers’ increasing support of Cardano. The network’s GitHub repository has reached 600 forks.
Formerly referred to as the “Japanese Ethereum,” Cardano has endured a lot of criticism from industry analysts, including being nicknamed a ghost chain. However, after the recent upgrades and developments on the blockchain, Cardano is showing it’s alive. That is evident in its developer activity keeps spiking daily.
Cardano’s developer activity has increased in recent months, demonstrating the developer’s firm dedication to creating products and refining and upgrading the functionalities of the current ones. Thus, showing their adherence to the network’s long-term roadmap.
Another noticeable sign of increasing activity in the Cardano ecosystem is the steady rise in the number of Plutus scripts. There are now 3,474 Plutus scripts available. Meanwhile, Input Output Global – the Cardano builder – triggered the Vasil update on September 22, releasing the full Vasil capabilities five days later.
Cardano Can Overtake Ethereum – Armstrong
Amidst all the good news, controversial crypto YouTuber, Ben Armstrong, has made a bold prediction regarding Cardano’s future. He took to Twitter to predict that Cardano may surpass Ethereum’s market capitalization and userbase in as little as the next six years. While Cardano currently has an impressive market cap of $12.5 billion, it is still a far cry from Ethereum’s market cap of $156 billion.
His prediction drew both support and criticism, with some overly optimistic members of the Cardano community expressing belief that there was a good chance such a ‘flippening’ could happen as Armstrong predicted. However, Armstrong’s dubious history within the cryptocurrency community makes it hard to take this prediction with more than a grain of salt.
He recently filed legal action against another YouTuber after the latter accused him of endorsing phony crypto projects. Armstrong suffered a great deal of embarrassment as a result of the case. Ultimately, he dropped following fierce opposition from the crypto community.
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