DOT In Red Despite Polkadot Increase In Developer Activity
22 Fevereiro 2023 - 3:00PM
NEWSBTC
While the rest of the crypto asset blockchain has recorded few
added developers, Polkadot has proved to be more vigorous.
According to the market intelligence platform, Santiment, Polkadot
has seen a surge in developer activity emerging as the leading
crypto network with developer activity. However, despite the
positive record, Polkadot’s native token DOT has swam in red in the
last 24 hours down by 3%. Notably, DOT has been doing well
alongside the rest of the crypto market since the beginning of the
year. Polkadot Records Green In Developer Activity
According to Santiment, the Polkadot network is currently the
industry’s most active regarding developer commits on GitHub. On
February 22, the market intelligence platform reported Polkadot
ranks first for notable development activity over the past 30
days. 🧑💻 Top 10 #crypto asset development activity: notable
#github commits, past 30 days: 1) #Polkadot $DOT2) #Kusama $KSM3)
#Cardano $ADA4) #InternetComputer $ICP5) #Decentraland $MANA6)
#Ethereum $ETH7) #Cosmos $ATOM8) #Status $SNT9) #VegaProtocol
$VEGA10) #Filecoin $FIL pic.twitter.com/QcnCwsnXDM — Santiment
(@santimentfeed) February 22, 2023 To get the accurate amount of
developer activity for each blockchain in the industry, Santiment
looked into GitHub commits for various crypto networks. GitHub is
an internet hosting service platform built for software developers
and programmers to submit their respective codes. Over the
past month, Polkadot and its canary network, Kusama have reportedly
recorded 558 commits, a figure relatively high than the rest of the
crypto networks’ GitHub commits. Ranking third on the list, Cardano
saw a total of 506 commits, according to Santiment. Related
Reading: Polkadot (DOT) Holds 15% Gains On Weekly Chart As Top
Coins Plunge Heavily The Internet Computer (ICP) came fourth on the
list ranking above others such as Decentraland, Ethereum, Cosmos,
Status, VegaProtocol, and Filecoin. Blockchains such as Polygon,
Solana, and Fantom which are native tokens that have been doing
well amid the mini bull run were nowhere to be found on the top 10
crypto asset development activities by Santiment. Prior to
its latest increase in developer activity, Polkadot has always been
attractive to developers given its huge ecosystem filled with
multiple sidechains of “parachain projects.” The blockchain is one
of the crypto networks in the industry having regulatory compliance
which allows them to avoid regulators’ crackdowns. DOT Slumps
3% In Last 24 Hours Over the past 24 hours, DOT has moved in
a bearish trend down by 3% after falling from a 24-high of $7.91 to
around $7.11 at the time of writing. The token has also recorded a
decline in trading volume over the past 3 days from $835 million as
of February 19 to $444 million in the last 24 hours. Furthermore,
prior to the slight retracement DOT is currently experiencing, the
token has been in an uptrend since the beginning of the year along
with other altcoins in the market. DOT has rallied significantly by
more than 30% moving from a ranging $4 late last year to trading
above $7 as of today. Related Reading: DOT Price (Polkadot)
Prediction: Another Increase Possible If This Support Holds Despite
its continuous uptrend since the beginning of the year, DOT is
still 87% down from its all-time high of $54.98 seen in November
2021. Kusuma (KSM) on the other hand is also way far from its peak
of $621 down by over 90%. At the time of writing, KSM is
experiencing a bearish move down by 5.6% with a trading price of
$4.11. Featured image from Unsplash, Chart from TraingView
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