During the recent surge of interest in non-fungible tokens (NFTs) and related cryptocurrencies, some coins have been making significant strides in terms of development activity. Despite the overall success of the market, top players like Internet Computer (ICP) and Artificial Superintelligence Alliance (FET) did not make it to the list of the top 10 NFT-related cryptocurrencies with notable development activity in the past month.
Leading the pack is Decentraland (MANA) with a score of 145.77, followed by Flow (FLOW) with a score of 140.7, and Metaplex (MPLX) with a score of 20.03. Axie Infinity (AXS) and Enjin Coin (ENJ) round out the top five on the list.
On the other hand, some well-known cryptocurrencies like The Sandbox (SAND) have seen significant declines in value compared to their all-time highs. SAND, for example, reached over $7 in November 2021 but is currently trading at $0.31, marking a substantial 95% decrease.
Interestingly, none of the top five NFT-related cryptocurrencies by market capitalization, including ICP, FET, Render (RENDER), Immutable (IMX), and Floki Inu (FLOKI), made it to the list of the top performers in terms of development activity. These coins have shown varying degrees of success over the past year, with FLOKI experiencing a remarkable 715% increase in value.
It is essential to keep an eye on the development activities of these NFT-related cryptocurrencies as they continue to evolve and shape the future of the market. Don’t miss out on exclusive offers from platforms like Binance and BYDFi Exchange, which are providing exciting opportunities for crypto enthusiasts.