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Cardano Tops Ethereum in Core Developer Activity, Will ADA Price Soar?
In a shocking turn of events, Cardano has surpassed Ethereum in core developer activity, sparking concerns about the future prospects of Ethereum. This significant shift may have far-reaching implications for the cryptocurrency market, particularly for investors and enthusiasts alike.
As reported by CoinMarketCap data, Cardano currently trades at $0.70, hovering around the 0.618 Fibonacci level ($0.6910). A sustained hold above this level could indicate continued bullish momentum, potentially targeting the 1 Fibonacci level at $0.7533 and then the 1.618 level at $0.8509.
Conversely, a break below the 0.618 level could see price retrace towards the 0.5 Fibonacci level ($0.654) and potentially lower.
The Moving Average Convergence Divergence (MACD) indicator shows the MACD line crossing above the signal line, indicating bullish momentum building.
Source: https://www.coinspeaker.com/cardano-tops-ethereum-developer-activity-ada-price/
