Here are the Top 10 Cryptocurrencies by “Notable Development Activity” (Sentiment)

TL;DR

Internet Computer (ICP), Chainlink (LINK), and Hedera (HBAR) maintained their top spots in terms of “notable development activity.” Rankings are based on filtered development events that reflect real progress, emphasizing active developer contributions. The top 10 list

Cryptocurrency analysis platform Santiment recently estimated that Internet Computer (ICP) ranked first in terms of “notable development activity” last month, with a score of 409.63.

The asset started December on the right foot, with its price jumping to a multi-month high of more than $15. However, the latest market correction negatively affected ICP, which fell below $10 (according to CoinGecko data).

ICP Price, Source: CoinGecko

Chainlink (LINK) ranked second with a ratio of 287.07, while Hedera (HBAR) ranked third. It is interesting to note that the first 3 clubs looked exactly the same after the previous research.

Starknet (STRK) moved up the ladder to fourth place, while Cardano (ADA) lost steam and is now fifth.

Like ICP and many other cryptocurrencies, ADA was at the forefront of gains in the first week of the month. On December 7, its price touched $1.30 (a level last seen at the beginning of 2022). The spike was short-lived, however, with ADA currently trading around $0.84.

The other digital assets in the lineup include Optimisme (OP), Polkadot (DOT), Kusama (KSM), DeFiChain (DFI), and sUSD (SUSD).

Sentiment Methodology

To conduct the research mentioned above, the platform team uses the so-called Ecosystem Dev Activity Dashboard, which shows the number of development events created on various blockchains and their associated dApps.

“These events are carefully filtered and defined to be representative of real programming progress, which means that low-value actions are not taken into account. This way, any crypto-curious person can easily see what the crypto ecosystems are more assets than there are,” the task force explained.

The team emphasized the importance of a project’s community size, particularly focusing on how many members are developers and actively contributing to the ecosystem.

Finally, Santiment clarified that development activity differs from GitHub activity. The first focuses on specific types of events, excluding things like commits, forks, comments, and project management tasks. Instead, GitHub is made up of all sorts of factors, apart from commits.

“A key distinction between development activity and GitHub activity is that development activity allows for a fairer comparison between different organizations. This is because some events excluded from development activity are related to problems and problem feedback”, the Santiment team concluded.

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