• 28 September, 2024
News

Despite Topping the Top 10 Crypto Assets in Development Activities, DOT, KSM and ADA all Plummeted

Despite Topping the Top 10 Crypto Assets in Development Activities, DOT, KSM and ADA all Plummeted

This is unsurprising, given that Polkadot and Kusama are two of the most highly anticipated Layer 1 blockchain networks. At the same time, Cardano remains one of the leading crypto projects in adoption and development.

Source: Sanbase

Polkadot is a protocol that enables secure, private, and interoperable data exchange and value across blockchains. At the same time, Kusama is a canary network for Polkadot that allows developers to experiment with new features before deploying them on Polkadot.

Cardano, meanwhile, is a blockchain platform that promises scalability and sustainability with the help of its Ouroboros consensus algorithm. 

The developers behind these projects have been hard at work over the past 30 days, making major commits to their respective codebases to improve functionality and enhance usability. This could mean more efficient transaction processing, improved privacy features, scalability enhancements, etc. 

The top 10 crypto asset development activities show the commitment of developers to their projects and the potential for these projects to become industry-leading platforms in the future. With Polkadot, Kusama, and Cardano leading the pack, it’s clear that they are on track to achieve just that. 

Source: Tradingview

Despite the positive news, Polkadot is trading at $7, down by 4.5% in the last 24 hours. This could be attributed to profit-taking amidst the recent surge in cryptocurrencies due to optimistic market sentiments. Nevertheless, investors should not be too concerned given the long-term view of these projects and their increasing development activities.

Source: Tradingview

Kusama is trading at $42.84, down by 6% in the last 24 hours. The recent price movement could also be attributed to profit-taking, so investors should focus on the long-term prospects of these projects and remain patient as development activities progress. 

Source: Tradingview

Finally, Cardano is trading at $0.3852, down by 4% in the last 24 hours. Despite the dip in its price, Cardano remains a strong project with a lot of potential and is to benefit from its continued development activities over the coming weeks and months. 

Overall, Polkadot, Kusama, and Cardano remain three of the most highly anticipated developments in the cryptocurrency space.

With their continued development activities and improving fundamentals, these projects could become some of the most important cryptos in the market. As a result, investors should monitor their progress over the coming weeks and months to understand better where they are headed. 

Conclusion

The top 10 crypto asset development activities show developers’ commitment to their respective projects, which could lead to major improvements in functionality and usability. Polkadot, Kusama, and Cardano remain three of the most highly anticipated projects in the cryptocurrency space, with a lot of growth potential.

Disclaimer:   This article should not be taken as financial advice and is for informational purposes only. Always do your own research before investing in any digital asset.

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