Crypto analytics platform Santiment has released a new ranking identifying the cryptocurrencies with the most notable development activity over the past 30 days. Internet Computer (ICP) has ranked first for the second consecutive month.
The Latest Ranking
According to Santiment, Internet Computer (ICP) ranks first in 'notable development activity' with a score of 740.7 over the past 30 days. This is the second consecutive month ICP tops the list. Over the past year, ICP's price has surged by 215%, reaching a local peak of almost $20 in March 2024 before falling to its current $9.50 (CoinGecko data). The market capitalization of ICP stands at almost $4.5 billion, making it the second-largest AI-related cryptocurrency behind NEAR. Chainlink (LINK) came second with a score of 594.8, while Hedera (HBAR) secured the third spot with a ratio of 473.23. The top five also includes Optimism (OP) and Cardano (ADA). ADA has reached a two-month high of $0.41, driven by the overall bullish trend in the cryptocurrency market and the increasing total value locked in the Cardano network. DefiLlama stats show that TVL exceeded $250 million on September 27, a figure last seen in early June. Other cryptocurrencies in the ranking are Cosmos Hub (ATOM), ZKsync (ZK), Avalanche (AVAX), Polkadot (DOT), and Kusama (KSM).
ADA’s Next Potential Move
As mentioned, ADA has been one of the top-performing cryptocurrencies in recent months. Enthusiasts and analysts are speculating potential future movements. Popular X user Crypto Rand claimed that a 'bullish breakout' was confirmed on September 26, suggesting a possible start of a journey toward $1. Analyst Trend Rider also spotted a 'super signal' on the ADA/BTC chart. 'If it confirms, there's a strong chance ADA could start gaining value against Bitcoin in the coming weeks. This signal has a historical accuracy of 80%,' the analyst said. Earlier this week, CryptoBullet predicted ADA's price to reach $1.80 next year but also hypothesized a drop to around $0.15 afterward.
Conclusion
Recent market changes and increased development activity show significant potential for the future growth of specific projects. Temporary price fluctuations and analysts' predictions add uncertainty, but interest in these and other cryptocurrencies continues to grow.
In conclusion, the cryptocurrency ranking with the most notable development activity published by Santiment indicates significant progress for projects like Internet Computer and Cardano. Investors should closely monitor future market changes and the development activity of these and other cryptocurrencies.
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