BroadChain learned that at 07:16 on April 24, according to Bitcoinist, the Cardano (ADA) network leads the industry in development activity, with a cumulative code submission count of 478,100, accounting for 8.9% of the total Layer 1 share, surpassing major public chains such as Ethereum, XRP, and BNB Chain. Everstake pointed out that sustained development investment is a reliable indicator of long-term fundamentals, reflecting the network's focus on scalability and functionality. ADA's price remains in a multi-year bear market cycle.
Analyst TradingShot stated that since December 2, 2024, ADA has entered a downward channel. If it repeats the 2022 trend, it could fall to around $0.10 by the end of the year, with the $0.10 to $0.09 range potentially being an ideal buying zone for the next bull market.