Cardano Surpasses Polkadot in Crypto Development Activity: Santiment Data

Cardano Surpasses Polkadot in Development Activity

In February, Cardano (ADA) led the development activities in the cryptocurrency industry, leaving behind Polkadot (DOT). Both networks have consistently held top positions in the past, but ADA has outperformed DOT in the latest ranking.

Cardano and Polkadot in the lead

Current data from Santiment shows that Cardano ranks second in the 30-day development activity ranking, while Polkadot occupies the third position. Surprisingly, Dfinity Internet Computer has taken the first place in this latest ranking. A historical analysis of the rankings shows that both Cardano and Polkadot have consistently held the top two positions over time. Cardano has achieved a score of 434.3, while Polkadot scored 431.33 in the last 30 days.

Development activity trends of Cardano and Polkadot

An examination of the development activities for Cardano and Polkadot showed remarkable upward trends in January. The charts show that both networks had considerable declines in the months leading up to January, reaching their lowest points in months. In January, Cardano dropped to about 50 before ending the month at about 135. Similarly, Polkadot saw a decline to about 39 in January but recovered to about 152 by the end of the month.

Price trends of ADA and DOT

An analysis of the price trend of Cardano showed an increase of over 11% in the last 48 hours. The chart showed a rise of 5.87% on February 14 and a further increase of 5.55% on February 15. This upward trend brought the ADA price to the level of $0.6. The Relative Strength Index (RSI) for ADA showed a strong bullish trend, with an RSI above 65.

Similarly, the Polkadot (DOT) price chart showed upward trends in the last 48 hours, albeit not as strong as ADA. DOT increased by about 6%, but recorded a decline at the time of publication. It was traded at about $7.7, with a decline of less than 1%. The RSI for Polkadot also showed a strong bullish trend, with an RSI above 60 at the time of publication.

Conclusion

Both Cardano and Polkadot have shown significant development activities in recent months. Despite recent declines, interest in these networks remains high, reflected in their strong positions in the development activity ranking. It remains to be seen how these activities will affect the prices of ADA and DOT in the coming months.

Sources: Santiment, Trading View.