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Polkadot (DOT) and Kusama (KSM) Lead Cardano (ADA) in This Metric, Crypto Analytics Firm Santiment Says

Polka dot (DOT) and Kusama (KSM) led the crypto market in terms of development activity over the past month, according to analytics firm Santiment.
Santiment notes that in the past month both Ethereum (ETH) Challenger Polkadot and its Canary test network Kusama had more non-spam GitHub submissions compared to the third most active project on the site, Cardano (ADA).

“If you portfolio building on assets receiving solid development activity on GitHub, then Polkadot & Kusama are worth a look. Over the past 30 days, the assets have 14.3% more non-spam submissions than the next largest asset, Cardano.”
Polkadot (DOT) and Kusama (KSM) Lead Cardano (ADA) in This Metric, Crypto Analytics Firm Santiment Says, Crypto Trading NewsSource: santimentfeed/Twitter
DOT is trading at $6.67 at the time of writing. The crypto asset ranked 11th after market capitalization is up more than 3% in the last 24 hours.

KSM is trading at $43.84 at the time of writing. The 101st crypto asset by market cap is up more than 5% over the past day.

Referring to the overall crypto market, Santiment also tracks the number of “buy the dip” mentions on social media to potentially indicate when the market has bottomed.

Explains the analytics company,

“Ideally [these] Some kind of call occurs quite often at the beginning of the downtrend and slowly fades to the bottom of the market. This could be explained by the increasing disbelief of the crowd. Less trust, less patience. At the point of maximum disbelief, a reversal could take place.”

Santiment notes that “buy the dip” calls on social media are waning, but aren’t gone yet. The analytics firm says the market is “not there yet.”

Featured image: Shutterstock/Ruslan Gi

Source: Crypto News Deutsch

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