Ethereum
Cardano (ADA) and Polkadot (DOT) outperform Ethereum (ETH) on this front: details
TL;DR
- Santiment’s latest ranking shows which cryptocurrencies accounted for the most development activity over the past 30 days.
- Interestingly, Bitcoin (BTC) is not in the top 10, while Ethereum (ETH) is at the bottom.
The latest ranking
Crypto market intelligence platform – Santiment – has revealed which digital currencies have been the most active in terms of development frequency over the past 30 days. Optimism (OP), Cardano (ADA) and Hedera (HBAR) are those placed in the top three places, while Polkadot (DOT) and Kusama (KSM) round out the top 5. Second largest cryptocurrency by market capitalization – Ethereum (ETH) – was ranked ninth.
“Our platform extracts notable Github activities from project repositories through a back-testing process to ensure that only a team’s significant efforts to innovate and improve are included,” Santiment explain.
Earlier this year, ADA overcome the same ranking, leaving DOT in second place and KSM in third. BTC did not make the top 10 list (just as the latest data shows), while ETH occupied the tenth position.
ADA and DOT Price Outlook
Both cryptocurrencies performed quite well on a seven-day scale, with price increases of 11% and 14%, respectively.
Earlier this month, Ali Martinez, a popular X user, presented a chart showing that ADA’s valuation “is exactly where it should be.” He believes the token is on the verge of reaching $1.70 as long as it falls within the range of $0.55 to $0.80. Currently, it is hovering around $0.50 (according to CoinGecko data).
Those interested in exploring other ADA price predictions, please take a look at our dedicated video below:
DOT was also projected to reach new heights in the near future. The world of user X, CRYPTOWIZARD and CryptoYoddha charts considered a rally towards the $15 to $20 level.
Michael van de Poppe and Flash went even further: developer they added Polkadot’s native token to their personal wallets.