Cardano (ADA) and Polkadot (DOT) Outperform Ethereum (ETH) on This Front: Details

cryptodailyОпубліковано о 2024-04-23Востаннє оновлено о 2024-04-24

The Latest Ranking
ADA and DOT Price Outlook

TL;DR

Santiment’s latest ranking shows which cryptocurrencies have accounted for the most development activity over the past 30 days.
Interestingly, Bitcoin (BTC) is not included in the top 10 list, while Ethereum (ETH) is at the bottom.

The Latest Ranking

The crypto market intelligence platform – Santiment – revealed which digital currencies have been most active in terms of development frequency over the last 30 days. Optimism (OP), Cardano (ADA), and Hedera (HBAR) are those placed in the first three spots, while Polkadot (DOT) and Kusama (KSM) rounded up the top 5 list. The second-largest cryptocurrency by market capitalization – Ethereum (ETH) – was placed ninth.

“Our platform pulls notable github activity from project repositories via a back-tested process to ensure only a team’s significant efforts to innovate and improve are included,” Santiment explained.

Earlier this year, ADA topped the same ranking, leaving behind DOT in the second spot and KSM in the third. BTC was not included in the top 10 list (just like the latest data shows), while ETH claimed the tenth position.

ADA and DOT Price Outlook

Both cryptocurrencies have performed quite well on a seven-day scale, witnessing price spikes of 11% and 14%, respectively.

Earlier this month, the popular X user Ali Martinez presented a chart showing that ADA’s valuation “is exactly where it should be.” He believes the token is poised to reach $1.70 as long as it enters the $0.55-$0.80 range. Currently, it hovers around the $0.50 mark (per CoinGecko’s data).

Those interested in exploring additional ADA price predictions, please take a look at our dedicated video below:

DOT was also projected to reach new heights in the near future. The X users World of Charts, CRYPTOWIZARD, and CryptoYoddha envisioned a rally towards the $15-$20 level.

Michael van de Poppe and Flash went even further, revealing they have added Polkadot’s native token to their personal portfolios.

The post Cardano (ADA) and Polkadot (DOT) Outperform Ethereum (ETH) on This Front: Details appeared first on CryptoPotato.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Read on CryptoPotato Investment Disclaimer

Трендові криптовалюти

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

PancakeSwapCAKE

JUSTJST

Пов'язані матеріали

South Korean Stocks Plunge Again, Latest Response from the Blue House

Korean Stock Market Plummets Amid Global Sell-Off, Presidential Office Responds South Korea's stock market experienced a sharp decline on Thursday. The benchmark KOSPI index fell over 4%, with major components SK Hynix and Samsung Electronics dropping over 8% and 5%, respectively. The sell-off quickly spread to related Hong Kong ETFs. The trigger was weak forward guidance from U.S. memory chip giants SanDisk and Western Digital, whose revenue forecasts fell short of lofty market expectations despite strong prior-quarter results. Their subsequent stock plunge led to a sell-off in Asian semiconductor stocks, highlighting the region's dependence on U.S. market sentiment. Since hitting a record high in mid-June, the KOSPI has fallen over 21% in about a month. In response to market volatility, the South Korean government has implemented measures, including raising cash margin requirements for single-stock leveraged ETFs. This led to a significant drop in their trading volume. A senior presidential official stated the focus is on closely monitoring the situation and formulating appropriate countermeasures. Analyst views on the market outlook diverge: while Morgan Stanley sees the sell-off as a buying opportunity due to low valuations, others like China Securities warn of continued high volatility as leverage unwinds. Looking ahead, analysts expect the global memory chip sector to remain in a high-sensitivity phase. However, Goldman Sachs maintains a long-term bullish target of 12,000 for the KOSPI, citing unmet AI-driven demand, with JPMorgan also viewing the pullback as a chance to accumulate positions.

marsbit18 хв тому

South Korean Stocks Plunge Again, Latest Response from the Blue House

marsbit18 хв тому

CryptoQuant: Large Investors Are Buying Bitcoin, Ethereum, and XRP, the Bear Market May Be Approaching Its Final Stage!

Data analysis platform CryptoQuant reports that large-scale investors, or "whales," holding significant amounts of Bitcoin (BTC), Ethereum (ETH), and XRP have recently increased their positions. The company suggests this trend may indicate the prolonged crypto bear market is nearing its final stage. Historically, periods of sustained price decline where large investors are buying rather than selling have been a significant indicator. Similar activity was observed in past market cycles when long-term investors deemed prices attractive. However, CryptoQuant emphasizes that current data is insufficient to confirm a market bottom has been reached. While whale accumulation is seen as a positive signal, prices for BTC, ETH, and XRP could still fall further before a definitive bottom forms, warranting investor caution regarding short-term volatility. Experts note this accumulation is often part of a long-term strategy, with large investors buying during panic while retail investors remain cautious—a common characteristic of past cycle endings. CryptoQuant also states that macroeconomic events and global liquidity conditions will remain crucial for price direction. Key factors include central bank monetary policy, regulatory changes, and institutional investor sentiment toward the market. *This is not investment advice.

cryptonews.ru32 хв тому

CryptoQuant: Large Investors Are Buying Bitcoin, Ethereum, and XRP, the Bear Market May Be Approaching Its Final Stage!

cryptonews.ru32 хв тому

Tiger Research: What Will the Crypto World Look Like in 2036?

Tiger Research envisions the crypto world of 2036 through four narrative vignettes. In a fictional nation with a hyperinflating currency, the local "Bucks" are nearly obsolete. Citizens and eventually the government itself—for taxes, bonds, and salaries—adopt dollar-pegged stablecoins like USDT and USDC, marking a fundamental shift in monetary sovereignty. In Singapore, a young trader named Lia operates in a borderless, 24/7 market. She trades tokenized versions of everything from NVIDIA stock to Korean real estate indices on decentralized platforms, representing a generation for whom constant, global asset exposure is the norm. An infrastructure engineer, Do-hyun, reflects on the consolidation of blockchain networks. The hundreds of independent chains and Layer 2 solutions that boomed in the 2020s, fueled by incentives, have largely collapsed under their own weight. By 2036, only a few major, efficient infrastructures remain, having absorbed liquidity and users. Finally, media entrepreneur Jae-hoon witnesses the end of the traditional web advertising model. With AI agents generating over half of web traffic by 2029, banner ads become irrelevant. The industry pivots to a new machine-to-machine economy, using protocols like the x402 standard to charge AI models micropayments for direct data access, creating a more reliable revenue stream than human eyeballs ever did. The article paints a picture of 2036 defined by stablecoin adoption as sound money, perpetual global trading of all assets, consolidation into few dominant blockchain infrastructures, and the restructuring of digital commerce around AI agents.

marsbit41 хв тому

Tiger Research: What Will the Crypto World Look Like in 2036?

marsbit41 хв тому

IOSG: How Can Blockchains Keep Secrets? Three Answers to On-Chain Privacy

**Title: IOSG: How Does Blockchain Keep Secrets? Three Answers to On-Chain Privacy** **Summary:** Public blockchains expose every transaction. To protect sensitive data like institutional balances or trade sizes, three main approaches have emerged: 1. **Native Privacy Networks:** Projects like Zcash (with optional privacy) and Monero (with mandatory privacy) build secrecy directly into their own blockchains. However, they exist as isolated "islands," limiting interaction with mainstream DeFi applications. Canton, a permissioned network, offers privacy by restricting data sharing only to transaction participants, which appealed to JPMorgan for its deposit token. 2. **Privacy as an Add-On Layer:** This approach adds privacy to existing chains like Ethereum. Tornado Cash was an early "mixer" but was sanctioned. Railgun provides private balances and payments via zero-knowledge proofs on Ethereum. Zama uses Fully Homomorphic Encryption (FHE) to encrypt balances and amounts on-chain, enabling confidential DeFi activities like private yield vaults and over-the-counter trading while keeping transaction graphs public. 3. **The Core Trade-off:** All solutions sacrifice some privacy for functionality. Truly private chains (Zcash, Monero) lack smart contract versatility. Add-on layers (Zama, Railgun) reveal some metadata to enable computation. "Perfect" privacy that hides everything while allowing full functionality remains elusive. **Market Reality:** Demand is validated, with institutions moving trades off-screen to avoid slippage. However, the sector's revenue (est. $6-7M/year across all protocols) is minuscule compared to the ~$25B market cap of privacy assets. Protocols like Zama charge minimal, usage-based fees, while others like Railgun take a small percentage. The key gap is a sustainable pricing model. The conclusion is bullish on the underlying demand but suggests value will accrue to the applications (trading venues, wallets) that successfully monetize privacy, not necessarily the foundational privacy layers themselves.

marsbit44 хв тому

IOSG: How Can Blockchains Keep Secrets? Three Answers to On-Chain Privacy

marsbit44 хв тому

Trade.xyz is growing larger, is HYPE the ultimate winner?

The article analyzes Hyperliquid's token HYPE, which has faced bearish pressure due to team token unlocks, institutional selling, and excessive reliance on a single deployment partner, trade.xyz. Data shows HIP-3, Hyperliquid's open perpetuals platform, now drives over 60% of total volume, with trade.xyz capturing nearly 100% of HIP-3 activity. This extreme concentration stems from the mechanism's high staking barrier (500k HYPE), auction-based market creation favoring early movers, and poor economics for other deployers. The pattern is repeating in the newly launched HIP-4 prediction markets. While trade.xyz's growth provides real value—funding protocol fees and buybacks—it creates a dependency. The key risk is whether value accrues to the HYPE token long-term, especially as trade.xyz seeks independent funding at a ~$1.5B valuation. Analysts note both parties are deeply integrated, making a split unlikely, and HYPE's valuation based on cash flow appears relatively cheap versus traditional fintech. The core challenge for Hyperliquid is ensuring protocol-layer value capture amidst this centralized growth.

marsbit50 хв тому

Trade.xyz is growing larger, is HYPE the ultimate winner?

marsbit50 хв тому

Торгівля

Спот

Обговорення

Ласкаво просимо до спільноти HTX. Тут ви можете бути в курсі останніх подій розвитку платформи та отримати доступ до професійної ринкової інформації. Нижче представлені думки користувачів щодо ціни ADA (ADA).