The Potential of Altcoins and Developer Activities

For investors evaluating cryptocurrencies, not only the price, but also the performance and project growth potential are important. These factors can provide information about the future direction of the price. It is emphasized that the token price is not everything, especially for long-term investments, other details need to be examined. Important Criteria and Developer Activities When evaluating altcoins, various factors such as transaction capacity, active user count, and protocol revenue should be taken into account. Developer activities are also part of these evaluations, and if there is not enough developer activity in a protocol, this situation can create a risk. Chainlink, Cardano, and Polkadot Emerging Chainlink, Cardano, and Polkadot are emerging among other blockchain projects in terms of developer activity. According to GitHub activities, these three projects have had the most developer activity in the last 30 days. It is noted that GitHub is an important storage service for software […]

The Potential of Altcoins and Developer Activities

For investors evaluating cryptocurrencies, not only the price, but also the performance and project growth potential are important. These factors can provide information about the future direction of the price. It is emphasized that the token price is not everything, especially for long-term investments, other details need to be examined.

Important Criteria and Developer Activities

When evaluating altcoins, various factors such as transaction capacity, active user count, and protocol revenue should be taken into account. Developer activities are also part of these evaluations, and if there is not enough developer activity in a protocol, this situation can create a risk.

Chainlink, Cardano, and Polkadot are emerging among other blockchain projects in terms of developer activity. According to GitHub activities, these three projects have had the most developer activity in the last 30 days. It is noted that GitHub is an important storage service for software developers and a critical platform for open-source projects.

Intense activities on GitHub may not always be an indicator of the project’s growth. For example, in the past, Stellar distributed tokens as a reward to contributors on GitHub. In addition, high developer activity of Cardano may not always increase the active user count and may not ensure the emergence of popular protocols.

Price Predictions and Potential

According to crypto analysts, ADA Coin has potential, despite being overlooked in the current cycle. Analyst Lark Davis suggests that increasing TVL and network adoption can be positive for ADA. For Polkadot, Trader XO sees the $6-8 range as a buying opportunity and believes that there may be selling opportunities in the $12-20 range. As for Chainlink, Poppe sets a target of $34 and states that current prices are significant opportunities in the long term. After Poppe’s predictions, the price of LINK Coin showed an increase of 480%.

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