Top 10 NFT-related cryptocurrencies by development activity in the last 30 days

TL;DR

Some NFT-related cryptocurrencies have shown remarkable development activity over the past month. Despite strong market results, industry leaders by market capitalization such as Internet Computer (ICP) and Artificial Superintelligence Alliance (FET) did not make the top 10 list. The best performers

Non-fungible tokens (NFTs) and related cryptocurrencies were one of the main trends during the crypto bull run of 2021. Despite the waning interest, many of these coins are still around, while their total capitalization market cap exceeds $30 billion (CoinGecko’s). data).

Crypto market intelligence platform Santiment recently ranked the top 10 NFT-related cryptocurrencies in terms of “notable development activity” on a monthly basis. Decentraland (MANA) is the leader with a score of 145.77.

The token, used to purchase goods and services within the Decentraland ecosystem, had its glory days at the end of 2021. At the time, it reached an all-time high price (ATH) of over $5, while it is currently trading at around $0.33. .

Flow (FLOW) ranks second with a score of 140.7, while Metaplex (MPLX) ranks third with 20.03. Popular gaming tokens Axie Infinity (AXS) and Enjin Coin (ENJ) round out the top five.

Another well-known cryptocurrency that finds a place at the bottom of the ranking is The Sandbox (SAND). Similar to MANA, it witnessed a bullish run in November 2021, with a peak valuation of over $7. At the moment, SAND is worth $0.31, which represents a 95% decline compared to the ATH.

The Disappeared

It is worth mentioning that none of the five largest NFT-related cryptocurrencies in terms of market cap: Internet Computer (ICP), Artificial Superintelligence Alliance (FET), Render (RENDER), Immutable (IMX) and Floki Inu (FLOKI) – moved to the aforementioned list.

ICP performed well last year, with a price increase of over 130%, while FET reached an ATH of $3.27 in March 2024.

RENDER’s valuation also peaked earlier this year. In January, the token caught the attention of crypto exchange Coinbase, which added it to its “roadmap” section. The price reacted positively to this support, rising further after a subsequent official listing of the company in the following weeks.

Meanwhile, IMX’s valuation is up 110% annually, while FLOKI has exploded an astonishing 715% over the same period.

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