In the past 24 hours, Ethereum and Cardano have shown significant growth, reaching new 10-day highs. Both cryptocurrencies demonstrate renewed market interest, accompanied by active development.
Price and Volume Surge
Ethereum surged by 6%, reaching $2,598, while Cardano increased by 8.5%, climbing to $0.605. Both assets showed positive trends, continuing to attract market participants. In 24 hours, Ethereum's trading volume reached $24.57 billion, confirming strong investor activity.
Developer Activity According to Santiment
According to Santiment, Ethereum ranks 13th and Cardano 4th in GitHub activity this week. This indicates ongoing development and support for both projects. From June 28 to July 2, Ethereum's developer activity score was 0.74486, while Cardano hit 2.29426, affirming the correlation between development and price recoveries.
Market Metrics and Asset Capitalization
Ethereum's market capitalization stands at $313.89 billion with a circulating supply of 120.7 million ETH. For Cardano, the market cap is $21.87 billion, with 36.13 billion ADA in circulation. Both assets have broken through key resistance levels, which will be crucial for maintaining trend strength in upcoming sessions.
Ethereum and Cardano showcase positive results amid rising developer activity and stable trading volumes. These factors will be significant for the further development and maintenance of their positions in the market.
