The Top 10 Cryptocurrencies Aren’t The Most Actively Developed

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

According to Coin Greeko it keeps the track of development of the activity of dozens of cryptocurrencies up- to- date. Bitcoin is found to be 52nd most active cryptocurrency in terms of development, though it is the most active in terms of daily trading volume. Till now it has the largest cryptocurrency market capitalization so far, and more liquidity than other national currencies around the world. Here are the top 10 cryptocurrencies which do not necessarily line up with the most actively developed.

Cardano (ADA) : Cardano’s six-month performance on the market is nothing like its performance in terms of code development. 

According to Cardano team it holds a 9th position in coinmarketcap but when it comes to development, it top in list which is underdeveloped. 

As, Cardano ranks at the top in terms of developmental frequency, it is currently #11 in terms of market capitalization. It had a price of just over $0.04 and a 24-hour trading volume of around $13 million.

Strong Market results is always not same as or are not always equal to strong development.

Where if we see about the other cryptocoins like Tron, Ethereum, Augur their development is really slow.

Tron (TRX): Tron is currently in top 10 cryptocurrencies list by marketcap, which is 6 places below Cardano on the development activity list. It had a 24-hour trading volume of $68 million, a total market cap about 25% higher, and a price-per-token about half of Cardano’s.

The graph charts is based on trading volume not on development hence it only shows the trading not core development.

Ethereum (ETH): Ethereum is has multiple development repositories, in last couple of weeks Ethereum, which is 4th on the list, is still second on the list of cryptos by market cap, after a significant rebounding push.

Recently, the Cypherpunk  CTO @CasaHODL  creator of statoshi.infopriority responses Jameson Lopp shared a tweet stating the commits and contributors, excluding their forks: 

Charts from coinmarketcap.com

 

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