Cardano (ADA) and Ethereum (ETH) find a place in a prestigious ranking – details

TL;DR

Santiment ranked Internet Computer (ICP) as the top digital asset for development activity, followed by Hedera (HBAR) and Cardano (ADA). The top 10 list also includes Ethereum (ETH), Chainlink (LINK), Polkadot (DOT) and Cosmos (ATOM), with Ethereum gaining attention due to the spot new ETH ETFs in the US. The top 10 list

The cryptocurrency market intelligence platform recently revealed the top 10 digital assets in terms of notable development activity over the past 30 days.

The leader is Internet Computer (ICP), with an overall score of 570.1. The token is the second largest in the artificial intelligence (AI) space, with a market cap of nearly $3.5 billion. Its price experienced a bullish surge in March of this year, jumping to nearly $20 before returning to its current level of around $7.50 (according to CoinGecko data).

Second and third place in Santiment’s ranking belong to Hedera (HBAR) and Cardano (ADA), respectively. Breaking into the top 3 clubs should be considered an achievement for ADA considering its severe decline during the market crash seen earlier in the week.

At one point, the asset’s price sank to a nine-month low of $0.28, while the market capitalization was close to breaking below $10 billion.

Somewhat expectedly, the negative trend had a significant impact on ADA investors. As reported by CryptoPotato, the share of holders sitting on paper losses fell below 1% on August 5th. The current situation seems a little more optimistic, with approximately 15% of those exposed to green.

Other popular cryptocurrencies included in the top 10 list are Ethereum (ETH), Chainlink (LINK), Polkadot (DOT), Cosmos (ATOM) and more.

The second largest digital asset in terms of market capitalization has been quite trending due to the numerous spot ETH ETFs, which started trading in the US market at the end of July. Some of the companies launching these products include financial giants like BlackRock, Fidelity, Franklin Templeton, Invesco and more.

The above statistics

Some of the cryptocurrencies mentioned above found a place in another Santiment ranking that shows the top 10 coins by frequency of development on a 30-day scale.

The results were released early last month and showed that the top spots were held by Hedera (HBAR), Chainlink (LINK), and Optimism (OP). The leaders collected scores of 759, 526 and 481, respectively.

Cardano (ADA) took fifth place, while Cosmos (ATOM), Starknet (STRK), and Aptos (APT) were among the rest. Interestingly, Ethereum (ETH) did not make the list then.

SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive to CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

2024 LIMITED OFFER on BYDFi Exchange – Up to $2888 Welcome Reward, Use this link to register and open a 100 USDT-M position for free!