With nearly every crypto down in 2022, Cardano (CRYPTO: ADA) has been no exception. Cardano is now down 77% for the year and is trading at just $0.32. It is now at very real risk of losing its status as one of the top 10 cryptos in the world as measured by market capitalization.

The problem, quite simply, is that fear surrounding the FTX contagion continues to overshadow any of the recent good news coming out of Cardano. However, Cardano could be ready to pop in the final month of the year as investors and traders finally begin to digest this news and what it could mean for Cardano's prospects in 2023.

First and most importantly, development activity at Cardano remains strong. According to the latest developer metrics for November, Cardano actually posted the highest development activity of any major crypto. Development activity at Cardano was 18% higher than for its next closest rival. 

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Source Fool.com