Sentiment compiled a list of top 10 network activities in the last 30 days. Polkadot, Kusama, and Cardano bags top three slot
The on-chain analytic firm, Santiment, compiled a list of the top 10 crypto network developer’s activity. According to the data, the Polkadot network is the top performing out of the list.
GitHub is an internet hosting service for software developers and programmers to submit their code. GitHub commits have been measured to conclude developer activity for various crypto networks.
Polkadot Developer Activity Continues
The market intelligence platform Santiment released a report on February 22 reporting Polkadot topping the list. As per the report, the data indicates continued growth and innovation within the ecosystem. Developer activity is a significant metric as it offers insight into a crypto project’s commitment to creating a working product, and new features.
Technically speaking, Polkadot price traded inside the ascending channel since Since December 29. For the last 30 days, the price appreciated by nearly 25%. A horizontal resistance near $7.45 is a pain area for the buyers as can be seen in the daily chart.
The price picked up momentum as it breached the 21-day EMA and still holds above the hurdle. The momentum oscillator, the daily RSI (14) trades above the average line with an underlying bullish sentiment.
If the bulls successfully test the mentioned resistance zone, the price is set to explore the psychological $8.00 mark.
As of writing, DOT/USD is reading at $7.27 with more than a 1% gain.
On the other hand, a failure to hold the sessions low could invalidate any bullish argument. And if that happens Polkadot price could retrace toward the lower trend line of the channel near $6.75.
