Despite Drifting Lower Today, Cardano Sees Uptick in Interest

Like with other top 10 cryptocurrencies, it's been a rather lackluster 24 hours for Cardano (CRYPTO: ADA). This smart contract network has sunk 2.2% over the past 24 hours as of 12:15 p.m. ET. Over the past week, its price performance has remained relatively flat, alongside that of many top tokens.

However, interest appears to be picking up in Cardano, on a number of key catalysts. Last week, it officially launched its Vasil hard fork. This key update is aimed at improving Cardano's efficiency and scalability. Accordingly, investors have long hoped that this would also improve developer demand for it as a top blockchain of choice.

It appears this is the case. Over the past month, Cardano has seen the most development activity of any blockchain. The potential for expeditious decentralized application growth has certainly improved Cardano's investment thesis -- at least for those who believe that a token's value should represent the aggregate value of all the projects on a given blockchain.

Source Fool.com