Santiment recently ranked Internet Computer (ICP) as the top digital asset for development activity, with an impressive overall score of 570.1. This places ICP as the second-largest in the Artificial Intelligence (AI) realm, boasting a market capitalization of nearly $3.5 billion. Despite experiencing a bull run in March that saw its price soar to nearly $20, ICP has since retraced to around $7.50, according to CoinGecko. This makes it a noteworthy player in the crypto space, attracting attention from developers and investors alike.
Following closely behind Internet Computer (ICP) in Santiment’s ranking are Hedera (HBAR) and Cardano (ADA), claiming second and third place, respectively. For Cardano, securing a spot in the top 3 is a significant achievement, especially considering the recent market crash that saw its price plummet to a nine-month low of $0.28. The overall market capitalization was also on the verge of dropping below $10 billion, causing concern among ADA investors. However, as reported by CryptoPotato, the tides have turned slightly, with around 15% of holders now in the green.
Ethereum (ETH), one of the most popular cryptocurrencies, also made the cut in Santiment’s list of top digital assets for development activity. With new spot ETH ETFs hitting the US market in July, Ethereum has been at the center of attention for many investors. Financial giants like BlackRock, Fidelity, and Invesco have all launched ETH ETF products, further boosting the token’s profile in the market. This development has undoubtedly contributed to Ethereum’s ranking in terms of notable development activity.
In a separate ranking by Santiment, focusing on the top 10 coins by development frequency on a 30-day scale, different players emerged as frontrunners. Hedera (HBAR), Chainlink (LINK), and Optimism (OP) took the top spots, with scores of 759, 526, and 481, respectively. Cardano (ADA) also made an appearance, securing the fifth spot on the list. Meanwhile, Cosmos (ATOM), Starknet (STRK), and Aptos (APT) rounded out the rest of the lineup. Interestingly, Ethereum (ETH) was notably absent from this ranking, showcasing the shifting dynamics of development activity in the crypto space.
The digital asset landscape is constantly evolving, with different tokens vying for the spotlight based on various factors, including development activity and market performance. As we move forward, it will be interesting to see how these rankings shift and which projects will continue to drive innovation and growth in the crypto industry.
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