Cardano Defies Market Pressure: Developer Activity Surpasses Ethereum While Holding Critical Support

Cardano (ADA) isn’t just surviving—it’s quietly outbuilding Ethereum where it counts. While ETH grapples with scaling debates, Cardano’s GitHub commits have eclipsed the smart contract pioneer for three straight months.

Price action tells half the story: ADA’s stubborn refusal to break below $0.45 signals accumulation, but the real action’s in the repo. Hydra scaling solutions just hit 1M TPS in testnet—a number that’d make Visa’s legacy rails blush.

Of course, Wall Street analysts will still call it a ’ghost chain’ while their clients miss another 10x. The blockchain building the actual financial infrastructure of 2030 doesn’t care about CNBC soundbites.

Although mixed, momentum indicators lean positive. The relative strength index at 56.7 is still in neutral territory, leaving room for potential future growth, while the moving average convergence divergence at 0.0118 displays bullish signs. ADA might rise to $0.80 if it can break above $0.74. On the downside, it may return towards the $0.61 area if it falls below $0.66.

According to CoinCodex’s price prediction, Cardano could rise 8.88% by May 31, reaching $0.758, with the Fear & Greed Index currently sitting at 53, indicating neutral sentiment.

Cardano’s roadmap may soon serve as a major catalyst. In an April 19 interview with The Angry Crypto Show, Cardano founder Charles Hoskinson said the project is “playing very aggressively with Bitcoin DeFi,” aiming to become the go-to platform for Bitcoin-based decentralized finance.

He added:

“There’s already $5.8 billion in TVL from the Bitcoin side… If you get 5% or 10% of the supply, the TVL will be larger than Solana or Ethereum.”

Hoskinson also confirmed plans for a Bitcoin (BTC) bridge and Lace wallet integration, which could open new liquidity flows and cross-chain opportunities for ADA holders.

Meanwhile, speculation around ADA spot exchange-traded funds has intensified. Canary Capital and Grayscale’s applications are still being reviewed, and the Securities and Exchange Commission is expected to make a final decision by May 29. Since Paul Atkins was appointed SEC chair, Optimism has grown, raising the likelihood of a favorable decision.