By Solomon Odunayo
As hinted by Cardano Foundation, the Fundamental Crypto Asset Score (FCAS) has rated Cardano (ADA) as an attractive crypto project.
According to the report, the Fundamental Crypto Asset Score (FCAS) is a metric to assess the fundamentals of cryptocurrency projects.
The score is derived from various aspects, such as User Activity, Developer Behavior, and Market Maturity. The rater then ranks each project with a score between 1 and 1000.
Cardano (ADA) Ranked As an Attractive Crypto Project
Cardano (ADA), a crypto project co-founded by the CEO of IOHK, Charles Hoskinson, has been rated as an attractive crypto project, according to the rating parameters of FCAS.
“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 that Cardano scores 5, indicating “Superbs” for code improvements, Community Involvement, Liquidity, and two other aspects.
Also, according to Flipside Crypto, Cardano (ADA) is attractive in terms of Market Maturity, Network Activity, and User Activity.
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 illustrated further that “Cardano scored 951 (superb) out of 1000 in Developer Behavior metric. More specifically, Code Improvement – 974 (superb), Community Involvement – 953 (superb), and Code Contributions – 926 (superb), with all categories showing an upward trend.
Cardano’s Market Maturity score increased 8.32% in the last six months and secured 806 (attractive) points. Also in this metric category, Liquidity score came at 944 (superb) out of 1000.”
Timely Ratings for Cardano (ADA)
These ratings are coming at a time when Cardano’s team of developers are busy with upgrades that are capable of transforming the Cardano (ADA) network.
The community just welcomed the Byron Reboot era, after the release of Daedalus 1.0.0, a development that expectedly precedes the emergence of Shelley.
Recall that Herald Sheets reported the recent ratings released by Weiss Crypto, where Cardano (ADA) was highly rated above other top cryptographic projects, including Ethereum, in terms of technology.
The advancement and destination of Cardano (ADA) make the inflow of ratings look justified and timely.