Data analysis is becoming more important day by day in financial markets. While cryptocurrency markets are known for their rapid changes and high volatility, performing solid data analysis in this field provides a great advantage for investors. Santiment, a leading financial market data platform with a name for itself in this space, is a collection of the best Real World Assets (RWA) in the crypto market. study presented.
In this study, Santiment used a variety of objective criteria to determine the performance of RWAs. Among these criteria, the frequency of development and the intensity of activities on platforms such as GitHub had an important place. In particular, the average non-redundant GitHub activity in the last 30 days shared important information about the development rate and activity of a project or crypto asset. Here are the best performing cryptocurrencies in the RWA industry, according to Santiment’s research!
🧑💻 Here are #crypto‘s ball #RealWorldAsset related coins by development frequency. This list is compiled by counting any non-redundant #github activity, and averaging this daily activity over the past 30 days. #Chainlink is currently at the top of this list, with over 3x the… pic.twitter.com/OubBTYHUMa
— Santiment (@santimentfeed) April 1, 2024
NEWS CONTINUES BELOW
Chainlink ranks top in terms of development activities and GitHub activity. Demonstrating a performance ahead of its competitors, especially in development activities, Chainlink is a leader in the RWA industry. The popular altcoin has shown incredible resilience during recent bearish market trends. LINK is up nearly 160% in the past year. Some of this increase can be attributed to Chainlink’s continued development, such as the new Chainlink Automation 2.0.
The rest of the top five listed by Santiment on RWA are: Synthetix (SNX), Oraichain (ORA), Maker (MKR) and Dusk Foundation (DUSK).
The last five on the list include Centrifuge, Polymesh, Boson, Reserve and Propy.
While each project may approach RWA integration differently, these altcoin projects have collectively contributed to the increasing convergence of blockchain technology and traditional assets. According to Santiment’s analysis, these cryptocurrencies stand out as prominent projects in the RWA sector. However, like any investment decision, it is important to conduct thorough research and evaluate the risks before investing in these assets. The volatile nature of altcoin markets should be taken into account and investment decisions should be made carefully.
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