According to digital asset analysis firm Santiment, Internet Computer (ICP) and Chainlink $13 (LINK) stands out with its historical development rates in the crypto industry recently. As a cloud-focused public decentralized network, ICP maintains its leadership position with 829 significant GitHub events in the past 30 days.
GitHub Events
Chainlink, as a decentralized oracle network, ranks second with 789.87 remarkable events in the same period. Hedera (HBAR) finishes in third place with 527.8 events. This ranking continues the same as last month’s performance.
While ICP is trading at $7.79 at the time of writing and ranks 31st in terms of market cap, it is down nearly 2% in the last 24 hours. Chainlink, on the other hand, is trading at $ 12.57 and ranked 18th with its market value, increasing by approximately 3%.
Santiment’s Method
Rather than routinely counting updates, Santiment says it collects GitHub events based on a “backtested process.” The analysis firm emphasizes that intense development activity shows developer faith in a crypto project and that the project is unlikely to be an exit scam.
Cardano (ADA) $0.438393Ethereum (ETH)
$3,042 As its rival, it rose to fourth place this month and entered the list with 430.97 important events. This increase indicates that Cardano’s development activities are increasing.
The measures taken by development teams to increase network capabilities and security features are critical for a cryptocurrency to maintain or improve its market position. Continuous development can attract more investors and users to the platform.
According to Santiment’s analysis, the increase in development activities indicates the long-term sustainability of the projects. For investors, such data can play an important role in assessing a project’s potential for future success.
The intensity of project development activities can increase the credibility and adoption potential of cryptocurrencies. Investors can evaluate such data to see the determination of the teams behind the projects they follow and the sustainability of the project.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.