One of the elements that serve as a guide for investors in the altcoin market is the live development activities of the project. Keeping track of GitHub development activities is like being able to sit in the R&D room of companies you’re potentially considering buying stock in. These follow-ups can have a positive impact on the price movements of the project. So, which altcoins stand out in terms of GitHub development activities recently?
Altcoins that stand out with active development activities
Let’s take a look at 62 projects in the ‘Smart Contract Platforms’ category, based on data shared on GitHub by developer Lukas Masuch. Projects with the highest scores according to Masuch’s index are noteworthy for altcoin investors. These projects are ranked by a project quality score based on various metrics collected automatically from GitHub.
Unsurprisingly, the highest score is Ethereum (ETH)’ air. Ethereum is the leading smart contract platform with the second largest market cap among all altcoins. Ethereum received a score of 53 according to Masuch’s methodology, with over 230,000 stars. Ethereum’s score is even higher than Bitcoin (BTC) as shown in this previous report.
Listed on Polkadot
On the other hand, Polkadot (DOT) ranks second with 46 points and 37,000 stars. Solana (SOL) is in third place with 45 points and 23,000 stars. Specifically, the higher result in this ‘market cap/star’ section indicates the more overbought a cryptocurrency is based on this market indicator.
Finally, Cardano (ADA) stands out with 40 points and 15,000 stars. Chia (XCH), which ranks fifth on the list, should be on investors’ radar with 37 points and 13,000 stars.
What do development activities say?
These development activities show that altcoin projects are actively developed and the community supports the project. Active development refers to the potential for longevity of a project. Therefore, keeping track of GitHub development activities is critical for investors.
As we approach the end of September, investors are advised to consider these altcoins and keep a close eye on the development activities of these projects. These projects may have great potential in the future and offer significant returns to investors.