Although not ranked first, both Chainlink Both Ethereum and Cardano have shown impressive development activity. Both assets are traditionally considered to be among the most actively developed cryptocurrencies in the industry. But how does that affect their prices and overall growth?
The most recent data shows Chainlink has moved up to second place, while Hedera continues to lead in terms of developer activity. This ranking methodology involves summing all unique project activity and calculating the average daily activity over the previous 30 days.
🧑💻 Here are crypto’s top coins by development frequency. Hedera remains at the top spot, with Chainlink sliding into the #2 position.
The below list is sorted by counting any non-redundant activity from a project, and averaging this daily activity over the past 30 days. Arrows… pic.twitter.com/pcmfFC7QVz
— Santiment (@santimentfeed) July 1, 2024
In the image provided by Santiment, the blue arrows show that the project has been promoted while the red arrows show the opposite.
It is clear that Chainlink and Cardano are actively developing, but let’s see how they perform in the market.
At its current price of $14.34, Chainlink is up just 0.5% on the day. Meanwhile, at $0.41, Cardano’s price has increased by about 3% over the past day.
Thanks to their development efforts, which boost investor confidence and stimulate market interest, both Chainlink and Cardano are profitable. Long-term investors find them attractive because their positive developments indicate the possibility of future improvement.
Annie
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