We know that many developments in the Bitcoin and altcoin universe are in our field of interest. Especially projects with strong developers gain importance. What is valuable at this point is which cryptocurrencies the developers are after. Maybe this orientation can provide a foresight for us as well. Let’s take a look at our article.
9 Altcoins on developers’ radar
Our focus is on Github. The data provides us with interesting information. The data provided by Github includes the daily ranking of development activity. Accordingly, the number of transactions made by developers in crypto money projects is in this data. In addition, the number of code pull requests, comments and various problems are also included in this data. At this point, the relevant altcoins are as follows.
According to data compiled by Github, altcoin Everscale (EVER) and Wrapped Everscale (WEVER) are in the top two places at the event. There are 242 events. Both projects aim to create a scalable and interoperable blockchain platform. On the other hand, NEM (XEM) ranks third with 226 events. Let us remind you that the crypto money project is a platform for smart assets and decentralized applications, as we have mentioned as Kriptokoin.com. Polkadot (DOT) and Kusama (KSM) are in fourth place with 155 events. These two projects aim at communication and innovation between blockchains.
Other cryptocurrencies
The Zus (ZCN) project is in fifth place with 154 events. At the same time, the project is a decentralized exchange protocol. Cardano (ADA), which has an important place among altcoins, is in the sixth place with 130 events. On the other hand, altcoin Cosmos (ATOM) is in seventh place. The number of events of the project is 87. It is followed by Injective (INJ) with 81 events and Oasis Network (ROSE) with 74 events.
Developer activities are as follows:
- Polkadot (DOT) and Kusama (KSM) 610 events
- Cardano (ADA) 512 events
- Hedera (HBAR) 419 events
- Cosmos 341 events
- ChainLink (LINK) 321 events
- Internet Computer (ICP) 315 events
- Status (SNT) 281 events
- Vega Protocol (VEGA) 267 events
‘GitHub Event’ and project valuations
The GitHub event marks developers’ contributions to open-source projects (for example, both Bitcoin and altcoin Ethereum are open-source) on the popular code repository GitHub. The theory is that the more people work on a cryptocurrency project, the more features and improvements there are. It also shows that so many people believe in the future success of cryptocurrencies.
Thus, the project has a higher chance of success. All this has a positive multiplier effect on the value of the project’s cryptocurrency or token.
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