The potential success and expansion of a cryptocurrency project are greatly influenced by development activity. A digital asset’s functionality and long-term prospects are improved by a committed team of developers, like Ethereum, who continually work on improvements and innovations.
Performance of Top Developed Projects Over Six Months
Interesting conclusions can be drawn from comparing the price returns of the top 20 developed projects over the previous six months:
- Kusama (KSM) and Polkadot (DOT) both experienced a decline in price, with changes of -12% and -8%, respectively.
- Ethereum (ETH) recorded a significant price increase of +26%.
- Cardano (ADA) and Hedera (HBAR) witnessed minor gains, with +2% and +1% changes, respectively.
- Decentraland (MANA) and Vega Protocol (VEGA) saw price drops of -14% and -17%, respectively.
The average 6-month price change for the top 10 most developed projects was -3%, but the average 6-month price decrease for projects ranked 11 through 20 was more significant—-14%.
The list of fastest-developed crypto assets:
- T1 – Kusama ($KSM): -12% Change
- T1 – Polkadot ($DOT): -8% Change
- 3 – Cardano ($ADA): +2% Change
- 4 – Cosmos ($ATOM): -9% Change
- 5 – Hedera ($HBAR): +1% Change
- 6 – Internet Computer ($ICP): +5% Change
- 7 – Status ($SNT): -6% Change
- 8 – Ethereum ($ETH): +26% Change
- 9 – Decentraland ($MANA): -14% Change
- 10 – Vega Protocol ($VEGA): -17% Change
- 11 – Aptos ($APT): +14% Change
- 12 – Chainlink ($LINK): -1% Change
- 13 – IOTA ($MIOTA): -23% Change
- 14 – Flow ($FLOW): -47% Change
- 15 – Osmosis ($OSMO): -37% Change
- 16 – MultiversX ($EGLD): -18% Change
- T17 – Avalanche – BNB Chain ($AVAX): +2% Change
- T17 – Avalanche ($AVAX): +2% Change
- 19 – Filecoin ($FIL): +1% Change
- 20 – Uniswap ($UNI): -18% Change
