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Polkadot (DOT) and Kusama (KSM) have led the cryptocurrency market in terms of development activity over the past month, according to analytics firm Santiment.
santimento Note Over the past month, both Ethereum (ETH) challenger Polkadot and its canary test network, Kusama, have seen GitHub non-spam compared to Cardano (ADA), the site’s third most active project. I send a lot to
When building a portfolio around assets with solid development activity on GitHub, Polkadot and Kusama are worth considering. You have % many non-spam submissions.”
DOT is trading at $6.67 at the time of writing. The 11th largest crypto asset by market capitalization is up more than 3% in the last 24 hours.
KSM is trading at $43.84 at the time of writing. Ranked 101st by market capitalization, the crypto asset is up more than 5% in the past day.
When it comes to the cryptocurrency market as a whole, Santiment may also track the number of Burn-Buy mentions on social media to indicate when the market has bottomed out.
explain analytics company,
“Ideally [these] A type of call occurs quite often at the beginning of a downtrend and slowly fades to the bottom of the market. This can be explained by the growing distrust of the crowd. Confidence wanes and patience wanes. At the point of maximum disbelief, a reversal may occur.
Santiment says that calls to buy dips on social media are declining, but not dead. The analytics firm says the market is “not there yet.”
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Featured Image: Shutterstock/Ruslan Gi
