Ethereum, Cardano Developer News: After the 2021 bull run subsided, it has all been a curve down south for crypto prices. The crypto community is describing 2022 as perhaps the worst calendar for the industry. However, the bear market environment also came a good time for developers to make progress in pursuing blockchain projects. Although the developer activity is not discussed as often as price trends, it can be said that some projects made great progress in the last one years.
Also Read: Here’s How Much Your $100 Investment In Tezos Will Be Worth If XTZ Reaches $1
Busy Developer Activity In 2022
The downturn in crypto prices in 2022 is not really reflecting in the blockchain development in various projects. For example, Ethereum and Cardano feature in the top 5 busiest crypto builder networks since November 2021. Interestingly, the crypto market was at its peak around that time with token prices reaching new highs. It remains to be seen how the huge developer activity would translate in terms of price rise.
Metaspins offers our players an end-to-end crypto gaming experience: get started with a 100% up to 1 BTC Welcome Bonus and up to 60% Rakeback. Enjoy instant zero-fees withdrawals and the highest slot RTPs. Sign up now!
According to Santiment Insights, here are top cryptocurrencies with high developer activity.
“Total sum of the GitHub repository activities since 2021 BTC November high.
Kusama (KSM) Polkadot (DOT) Ethereum (ETH) Cardano (ADA) Uniswap (UNI)
Solana (SOL) Filecoin (FIL) Status (SNT) Cosmos (ATOM) Chainlink (LINK)”
Also Read: Binance Completes Airdrop To Terra Classic (LUNC) And USTC Holders, Price Jumps
Meanwhile, the cryptocurrency prices continue to be at massive lows compared to 2021 levels. In the recent weeks, Bitcoin has been maintaining sideways movement owing to the market uncertainty stemming from FTX bankruptcy. As of writing, Bitcoin (BTC) price stands at $16,844.42, almost flat compared to 24 hours ago, according to price tracking platform CoinMarketCap. The prices of Ethereum (ETH) and Cardano (ADA) are $1,219, almost flat in last 24 hour, and $0.2598, up 2.72% respectively.
Also Read: Cardano Sharks In Strong Accumulation, Will ADA Price Rally?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.