This Altcoin Has Been Voted Best!

Altcoin: According to Santiment, not the leading crypto Bitcoin, the leading altcoin Ethereum or the popular meme coin SHIB, Cardano (ADA) is the top crypto project according to the development in the last month.

Santiment chose it, not SHIB, BTC or ETH

Analytics firm Santiment said that its decentralized blockchain platform Cardano (ADA) was the most advanced crypto project in the past month. Shiba Inu (SHIB), who is constantly announcing new projects and has a passionate fan base, was not selected. As we reported, Cardano recently discussed the importance of robust development. For this, he shared some of the latest project milestones, including more than 13,000 GitHub commits in June. Cardano Communitiy, “Did Santiment say Cardano was the best project in terms of development activity in the last 30 days?” he shared a series of tweets.

He made the following statements in the series.

“Let’s take a look at what developer activity is and why it’s important. High development activity means:

  • The project is serious about the job offer.
  • The project will likely introduce new features in the future.
  • The project is less likely to be just an exit scam.

The development activity can be used to measure a project’s commitment to creating a working product and continually polishing and upgrading its features.”

The June on-chain Cardano statistics included in the tweet thread are as follows.

Source: Cardano / Twitter

“Cardano’s development activity is higher than its rivals Polkadot and Solana”

Santiment retweeted the Cardano tweet thread. Next, Santiment highlighted Cardano’s impressive number of GitHub repositories over the past month, compared to numbers from both cross-chain interoperability protocol Polkadot (DOT) and smart contract platform Solana (SOL). In this context, he made the following assessment:

Cardano is consistently showing impressive development activity week to week, with Polkadot and Solana shifting.

From this point of view, he noted that the latest data is an indicator of Cardano’s acceleration. More than a month ago, Santiment discussed the impressive rate of development on GitHub.

Source: Santiment / Twitter

At press time, Cardano (ADA) is trading at $0.4769, up 3.63% in the last 24 hours. Altcoin ranks 8th in the cryptocurrency market with a market cap of approximately $16 billion. ADA hit an all-time high of $3.10 about 10 months ago. However, it later saw drastic declines. In the last market crash, however, it lost serious value. Currently, ADA is 84.62% away from its peak.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing site 3 months ago.