Top 10 Altcoins Based on Development Activity
The top ranks are occupied by Cardano, Polkadot and Kusama. The rest of the list is complete with Avalanche ($AVAX ), Internet Computer (ICP), Hedera (HBAR), Cosmos ($ATOM ), Optimism (OP), Status (SNT), and Chainlink ($LINK ).
In the world of cryptocurrencies, it is commonly believed that active development activity is generally associated with price performance. The fact that the majority of these altcoin projects in the top 10 development activities are also among the top 50 cryptocurrencies by market value confirms this belief.
What is Development Activity?
“Development activity” typically refers to the progress, growth, or evolution of an altcoin project‘s software over a certain period. The software development process consists of three main components: code development, software design, testing, and debugging.
Code development is where software developers create, test, and improve software code. Software design involves planning development processes such as software architecture and user interface design. Testing and debugging are the testing of the software, identifying, and correcting errors.
This term can be used in a broad context and cover many different areas. In the business world, it is used in various fields, from software development to product design, research projects, and construction activities.
High development activity of an altcoin is an indicator of consistent work, keeping up with innovations, and high long-term potential, according to investors and industry observers.
