Top Cryptocurrencies by Development Activity Revealed: Santiment Releases Latest Rankings
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Top 10 Cryptocurrencies by Notable Development Activity
Cryptocurrency analytics platform Santiment has released a new report highlighting the top 10 cryptocurrencies by notable development activity. According to the latest data, Internet Computer (ICP), Chainlink (LINK), and Hedera (HBAR) have maintained their positions in the rankings.
Internet Computer took the top spot with an impressive score of 409.63, following a strong start to December that saw its price surge to over $15 per coin. However, the market correction that followed has caused ICP’s value to plummet below $10.
Despite this volatility, Santiment emphasizes the importance of community engagement in assessing development activity. The platform uses its Ecosystem Dev Activity Dashboard to track and analyze blockchain activity, excluding low-value actions such as commits, forks, comments, and project management tasks.
This approach allows for a fair comparison between different projects, making it easier to identify which ones are genuinely committed to innovation and growth. By examining the number of development events and their relevance, Santiment provides valuable insights into the potential future performance of these cryptocurrencies.
As you would expect from this type of report, Chainlink (LINK) holds the second spot with a score of 287.07. The data suggests that LINK has been actively engaged in various development activities throughout December, despite not experiencing the same level of price volatility as ICP.
In third place is Hedera (HBAR), which maintained its position from last time around.
It’s worth noting that while these rankings may be influenced by current market conditions, they are not solely based on speculation. Santiment’s methodology ensures that the numbers reflect actual blockchain activity and community engagement.
Rounding out the top five are Optimism (OP) in fourth place and Polkadot (POLK) in fifth.
In the following positions are Cardano (ADA), Optimism’s fellow competitor Sui Network (SUI), The Open Network (TON), Quantum Leap, Trump’s Win Is Big for Crypto, But Let’s Keep Expectations in Check (Op-Ed)
This article is sponsored by the Polkadot Foundation.
Source: cryptopotato.com
