Ether and Cardano Primed for Monumental Highs as GitHub Activity Signals Strong Development
Market losses recorded in June have carried over into the new month, but two leading alternative tokens are already on track to recover from previously sustained losses. Kicking off a slow but steady...
Market losses recorded in June have carried over into the new month, but two leading alternative tokens are already on track to recover from previously sustained losses.
Kicking off a slow but steady recovery, ETH and ADA have made a swift reversal, with both assets clearing out the losses sustained over the last 7 days. According to data from Santiment, Ethereum’s ETH and Cardano’s ADA have recorded intraday gains of over 16% and 23%, respectively, on Saturday.
Interestingly, both assets have outperformed their counterparts in GitHub development activity, with ASA and ETH holding the 4th and 13th positions.
It bears mentioning that GitHub activity is an indicator of the project’s development health and potential. An increase in GitHub development activity usually signals increased engagement levels and contributions from developers.
📈🧑💻 Ethereum (+5%) and Cardano (+9%) are both thriving on a nice rebound day for crypto. The two top cap assets have been consistent leaders in development activity, where the $ETH team is currently #13 and $ADA team is #4 in terms of notable github events. pic.twitter.com/lt6iGRqkUk
— Santiment (@santimentfeed) July 2, 2025
Ethereum (ETH) re-attempts a comeback, while ADA bulls slowly shake off losses
With Ether and ADA jumping back into the 10-day high, a much-needed recovery has kicked off for Ether and ADA.
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Despite prices failing to reach anticipated levels, June was an outstanding month for ETH, as on-chain data has displayed.
According to an analysis shared by CryptoQuant, accumulation addresses broke a historic record in June, reaching 22.74 ETH held as of June 30—a massive 35.97% jump from its June 1st value of 16.72 million ETH.
Liquid staking reached a new record on June 1st as staking activity grew significantly, going from 34.54 million ETH to 35.52 million ETH by June 30, representing an increase of almost one million ETH in a month—a monthly staking record in Ethereum, with a 2.83% growth.
Remarkably, liquid staking hit a new all-time high, reaching 35.56 million ETH. This development, according to analysts, suggests that institutional investors, ETFs, and large holders make up a large part of addresses accumulating ETH. At report time, ETH is trading at $2,930, with gains from the last 7 days going up to 16.70%.
ADA bulls appear to be making a very slow upward correction, although bulls have raked in 22.28% worth of gains over the last 7 days.
Trading at a press time price of $0.7, ADA bulls have successfully broken the $0.50 support zone. It bears mentioning that this area has historically triggered a major price reversal for the asset and remains a key point in the altcoin.
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