Blockchain Project Development Momentum: Top 10 Cryptocurrencies by Notable Activity
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These Are the Top 10 Cryptocurrencies by ‘Notable Development Activity’ (Santiment)
The cryptocurrency market is constantly evolving, with new developments and innovations emerging every day. However, it’s not just about price movements; other key factors contribute to a project’s success or failure. One such metric is notable development activity, which provides valuable insights into the progress made by various blockchain projects.
According to Santiment, Internet Computer (ICP), Chainlink (LINK), and Hedera (HBAR) have retained their positions from the previous research, showcasing the consistent growth and progress within these ecosystems.
Internet Computer’s significant strides in notable development activity earned it the top spot with a score of 409.63, followed closely by Chainlink with a ratio of 287.07. Meanwhile, Hedera secured its position at number three.
It is essential to note that this ranking is based on filtered development events that highlight real progress made by developers, excluding low-value actions. This provides a more accurate representation of the blockchain project’s actual contributions and value-addition.
The top four spots remain unchanged from previous rankings. Starknet (STRK) climbed the ranks and secured the fourth position, while Cardano (ADA) slipped to fifth place after being unable to replicate its initial gains from the start of the month. The other notable positions are occupied by Optimism (OP), Polkadot (DOT), Kusama (KSM), and a few other notable projects.
It’s crucial for investors to understand that development activity differs significantly from GitHub activity, as it focuses on specific types of events rather than including all types of contributions like commits, forks, comments, or project management tasks. This provides a more balanced view of the growth and progress within these ecosystems.
In conclusion, this ranking is a testament to the dedication and hard work of developers across various blockchain projects, providing a valuable perspective for investors seeking reliable information on project’s development status.
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Source: cryptopotato.com
