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Cardano Set to Soar in 2023: Predicts AI Bot

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• Cardano has recently surpassed other cryptocurrencies to become the blockchain with the highest development activity.
• ADA’s price surged after Ripple [XRP] secured a partial victory in its legal battle with the U.S. Securities and Exchange Commission (SEC).
• Charles Hoskinson praised Ripple CEO Brad Garlinghouse and XRP community following the news of Ripple’s victory.

Cardano Becomes Blockchain With Highest Development Activity

Recent data from Santiment revealed that Cardano [ADA] has successfully surpassed other cryptocurrencies, taking the lead as the blockchain with the highest development activity. Historically, Cardano had held the second position, but in the last 30 days, it showcased an impressive count of more than 500 development activities.

ADA Price Surge After XRP Victory Over SEC

On 30 July, ADA launched its stake-based protocol Mithril on mainnet which caused its blockchain size to increase up to nearly 100 GB since then. On 13 July, ADA’s price increased by 25% following news of Ripple [XRP] securing a partial victory in its legal battle with the U.S Securities and Exchange Commission (SEC). The U.S District Court ruled that sale of XRP tokens on crypto exchanges and though programmatic sales did not constitute investment contracts; hence, it is not a security in this case but institutional sale violated federal securities laws.

Charles Hoskinson Praises Ripple & XRP Community

Following news of Ripple winning against SEC, Cardano founder Charles Hoskinson praised both Ripple CEO Brad Garlinghouse and XRP community for their efforts on twitter writing “Well done, XRP” and “One Small step for XRP Nation, one Giant leap for Cryptocurrencies!”

ChatGPT Prediction For End Of 2023

When asked ChatGPT to predict performance of Cardano by end of 2023 AI bot said that cryptocurrency will hit price range between $5-$6 mark by then.

Conclusion

Cardano has seen significant growth over past few months due to multiple factors such as launching new protocols on mainnet or positive news about rival currencies beating SEC lawsuits etc., Though predictions made by Chat GPT are yet to be seen if they come true or not but things look promising for ADA so far considering recent developments made by team behind it