Internet Computer: Surging Ahead in Development

Internet Computer (ICP) has recently taken the top spot in a crucial metric, surpassing Cardano (ADA).

Development Activity: A Measure of Project Health

Development Activity measures the amount of work done by a project’s developers on its public GitHub repository. This includes code changes, issue interactions, and comments.

To avoid inaccuracies, Santiment’s indicator tracks “events” instead of “commits.” Events are actions taken on the repository that are not inherited from forked projects.

ICP Leads the Pack

Over the past month, ICP has emerged as the most actively developed cryptocurrency, registering almost 467 events. This surge in development activity suggests a strong commitment from the project’s developers.

High Development Activity: A Positive Sign

A high Development Activity indicates that developers are actively working on the project, which is a positive sign of its legitimacy and long-term potential. While it doesn’t directly translate into price increases, it does suggest that the asset has a strong foundation.

ICP Price Update

At the time of writing, ICP is trading around $13.3, up 5% in the past week.