According to U.Today, Chainlink and Cardano, despite not being ranked first, are demonstrating significant development activity. These assets are traditionally viewed as some of the most actively developed cryptocurrencies in the sector. The latest data reveals that Chainlink has climbed to the second position, with Hedera maintaining the lead in terms of development activity. The ranking methodology involves counting all non-redundant project activity and calculating the average daily activity over the past 30 days.
The current list shows Hedera (HBAR) in the lead, followed by ChainLink (LINK), Optimism (OP), Internet Computer (ICP), Cardano (ADA), Status (SNT), Cosmos (ATOM), zkSync (ZK), Starknet (STRK), and Aptos (APT). Chainlink and Cardano are clearly being actively developed, but their market performance is also noteworthy. Chainlink's price has recently risen by 5.14% to $14, with its trading volume also significantly increasing by 40%, indicating a growing number of traders.
Technically, if Chainlink can surpass these resistance levels, it could be on the brink of an upward trend. It is currently nearing its 50 EMA at $15.27, with the 100 and 200 EMAs above it. Meanwhile, Cardano's price has risen by approximately 3-4% in the last three days to $0.4. According to the chart, Cardano is facing resistance at $0.42, which is the 50 EMA. If it can break through this level, the 100 and 200 EMAs would be the next targets.
Both Chainlink and Cardano can benefit from their development efforts, which increase investor confidence and stimulate market interest. Long-term investors find them attractive because their active development suggests potential future enhancements.