Top Altcoins With Huge Development Activity: Are Crypto Markets Bracing Up for an Altseason?

The post Top Altcoins With Huge Development Activity: Are Crypto Markets Bracing Up for an Altseason? appeared first on Coinpedia Fintech News

The crypto space underwent a roller coaster ride in the past few hours as the Bitcoin price again tested the resistance at $30,000 which was followed by a massive drop. Amid the uncertain market behavior, some of the platforms continue to display their seriousness about business propotion. 

A popular on-chain platform, Santiment, observed a rise in the development activity of three platforms. The rise in activity is expected to attract market participants, who usually turn bullish with the surge. While the BTC price continues to hover within the consolidation zone, these altcoins could thrive in the coming days. 

As per the data recorded by Santiment of the development activity of the top 20 platforms, Polkadot leads the table with the highest development activity.

Kusama and Cardano followed in second & third positions, but a notable drop was recorded with Filecoin and Elrond. The development activity depends on the GitHub commits, and the above table is based on the activity in the past 30 days.

The sentiments of the markets turn bullish with the rise in development activity, which indicates the team behind the project is working hard to deliver new upgrades or features in the coming days.

This may make the market participants and the whales bullish on the platform in the long term, impacting the price of the token in a positive way. Therefore, a notable rise in Polakdot (DOT), Kusama (KSM), and Cardano (ADA) prices may be expected in the coming days.