30-4-2025 – Cardano [ADA] has emerged from the shadows to stake a formidable claim against its more celebrated rivals, Ethereum [ETH] and Solana [SOL]. Once derided as a dormant “ghost chain,” Cardano is now commanding attention with a surge in developer activity that has eclipsed even Ethereum, rekindling enthusiasm among investors and hinting at a potential price surge on the horizon.
Fresh insights from Cryptometheus reveal Cardano’s remarkable ascent in the realm of core development. Over the past year, the platform logged an impressive 21,439 GitHub commits across 550 core repositories, narrowly surpassing Ethereum’s 20,962 commits. This vibrant activity extends beyond mere updates, with Cardano’s ecosystem flourishing through 12 foundational projects and 36 additional initiatives, collectively powering over 4,200 repositories. Such dynamism shatters long-held perceptions of inertia, positioning Cardano as a robust, utility-focused network poised to attract renewed investor trust.
On the market front, Cardano’s native token, ADA, was priced at $0.6971, reflecting a modest 2.42% dip, while Ethereum’s ETH traded at $1,806.86, down 0.76%. Despite short-term bearish signals, with both assets showing Relative Strength Index (RSI) levels below neutral, Cardano’s longer-term outlook gleams with promise. Analysts at Token Talk project a potential doubling in ADA’s value within the current market cycle, with bold forecasts suggesting a climb to $10 by 2029—a testament to growing confidence in Cardano’s enduring potential.
Adding fuel to the narrative, Cardano’s founder, Charles Hoskinson, has not shied away from critiquing Ethereum’s staying power. In a candid X interview, he cast doubt on Ethereum’s longevity, predicting that its layer-2 solutions could siphon its vitality, driving users to alternative platforms. “Ethereum’s dominance may wane within a decade or so,” Hoskinson asserted, foreseeing a future where Bitcoin’s decentralised finance ecosystem and other networks could overshadow it.