Cardano Foundation announced that Cardano (ADA) has been rated as an attractive crypto project by the Fundamental Crypto Asset Score (FCAS), a metric for evaluating the fundamentals of crypto-currency projects.
The score is derived from different aspects, such as User Activity, Developer Behavior and Market Maturity, according to report. The rating agency then ranks every project with a score from 1 to 1000.
ADA is an Attractive Crypto Project
Cardano (ADA), a crypto project co-founded by IOHK’s CEO Charles Hoskinson, was classified as an attractive crypto project according to FCAS’ rating parameters.
“Cardano secured an A (attractive) FCAS rating. Fundamental Crypto Asset Score (FCAS) is a metric to assess the fundamentals of crypto projects. The score is derived from: User Activity, Developer Behavior, Market Maturity. Each project is given a score up to 1000 and a rank,” Cardano Foundation reported.
The report says Cardano scores 5 for code enhancement, community involvement, liquidity, and two other aspects, indicating “Superb.”
Cardano (ADA) is also attractive in terms of market maturity, network activity and user activity according to Flipside Crypto.
Cardano Foundation shared:
“Cardano scored five “Superbs” for Code Improvement, Community Involvement, Developer Behavior, Liquidity and Code Contributions. It also secured three “Attractives” for Market Maturity, Network Activity, and User Activity, according to FlipSide Crypto.”
Cardano Foundation further illustrated that in Developer Behavior metric “Cardano scored 951 (superb) out of 1000. More specifically, Code Improvement – 974 (superb), Community Involvement – 953 (superb), and Code Contributions – 926 (superb), showing an upward trend across all categories.
Over the past six months, Cardano’s Market Maturity score increased by 8.32 percent and secured 806 (attractive) points. Liquidity score also came in this metric category at 944 (superb) out of 1000.
These ratings come at a time when the developer team at Cardano is busy with upgrades that can transform the Cardano (ADA) network.
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