Analyst Ben GCrypto has shared a list of the top ERC20 cryptocurrency projects based on their development activities. Ethereum tops the list in its development score with a market cap of $189 billion. However, Decentraland and Aragon are experiencing significant price drops despite their moderate development scores.
Top 10 ERC20 cryptocurrencies by development activity
Ben GCrypto, CEO of Generation Crypto Media, shared a list of the top 10 ERC20 altcoin projects in terms of development activity over the past 30 days. “There are many good projects with a medium market cap, based on fundamentals such as development activity,” the analyst said, noting that he ranked the best.
Top 10 #ERC20 Projects by Development Activity in the last 30 days
According to such fundamentals like development activity, there are lots of good projects with moderate market cap.$ETH $SNT $VEGA $MANA $LINK $LDO $ANT $UNI $AUDIO $BAL pic.twitter.com/qkHrWKEoDa
— Ben GCrypto (@GCryptoBen) March 7, 2023
According to the attached image shared by the analyst, Ethereum is at the top of the list with 396 development points and a market value of $189 billion. However, as you follow on Kriptokoin.com, the leading altcoin experienced a 5.8% drop in its 30-day price change. Status (SNT), on the other hand, took the second place with 365 points in terms of development effectiveness. It also saw a 14.3% drop in the 30-day price change, with a total market cap of $106 million.
Vega Protocol (VEGA) is third with 349 points, followed by Decentraland with 295 enhancement points. Vega reached a market capitalization of $62 million after positive growth of 8.4% in 30-day price change. In the opposite direction, Decentraland (MANA) fell by 22.6% to a market capitalization of $1.1 billion.
Other projects in development activity ranking
Meanwhile, Chainlink (LINK) is fifth with a score of 279 development activity and a market cap of $3.3 billion, after a 4.9% drop over the past 30 days. On the other hand, Lido DAO (LDO) scored 174 in development activity after an 18.6% increase in market capitalization of $2.2 billion.
Aragon ranked sixth in the development event with 164 points. It also recorded a market cap of $96 million after a massive 22.5% drop in the last 30 days. In addition, Uniswap ranked eighth, posting 162 development activity points, along with a market cap of $4.8 billion, after an 11% decline in 30 days. Finally, Audius and Balancer took the ninth and tenth places with a development activity score of 159 and 141 respectively. Simultaneously, Audius recorded a market capitalization of $268 million, while Balancer witnessed $254 million.
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