As a seasoned crypto investor with a decade of experience under my belt, I find myself intrigued by the latest rankings released by Santiment. The Internet Computer (ICP) taking the top spot for the second consecutive month is a testament to its growing potential and robust development activity. However, it’s Cardano (ADA) that has caught my attention lately, with its impressive surge in the past weeks, moving up to the top 10 list.
TL;DR
- Internet Computer (ICP) came first for the second time in a row.
Cardano (ADA), whose price spiked substantially in the past weeks, is also included in the top 10 list.
The Latest Ranking
As a crypto investor, I recently learned from Santiment’s analysis that Internet Computer (ICP) has taken the lead in “significant development activity” over the past 30 days, scoring an impressive 740.7. Interestingly, this token also held the top spot in last month’s rankings.
In the last year, Internet Computer Protocol (ICP) witnessed a significant surge, with its value increasing by an impressive 215%. This jump took its price close to $20 in March 2024, but it has since retreated to around $9.50 as of current data from CoinGecko. The market capitalization of ICP stands at approximately $4.5 billion, placing it as the second-largest cryptocurrency related to artificial intelligence (AI), just behind NEAR.
In Santiment’s ranking, Chainlink (LINK) secured the second spot with a score of 594.8, while Hedera (HBAR) claimed the third position with a ratio of 473.23. Optimism (OP) and Cardano (ADA) completed the top five grouping.
I’ve noticed an impressive surge in ADA‘s performance lately, hitting a two-month high of $0.41. This price climb aligns with the general bullish momentum across the entire crypto market and the escalating total value locked within the Cardano network. As per DefiLlama stats, the TVL (Total Value Locked) spiked above $250 million on September 27, a figure not seen since early June.
The remaining cryptocurrencies listed in the rankings are:
ADA’s Next Potential Move?
Previously noted, ADA has shown exceptional performance among cryptocurrencies lately. It would certainly be intriguing to explore some forecasts concerning its future price.
Crypto Rand, a widely recognized X user, asserted that a bullish breakout had been verified on September 26. This potential milestone might mark the beginning of an upward trend aiming for a price target of $1.
Additionally, Trend Rider also pointed out a significant pattern arising on the ADA/BTC chart, which he referred to as a “strong indicator.” If this pattern verifies, it increases the likelihood that Cardano could appreciate relative to Bitcoin in the approaching weeks. This signal has a proven accuracy of 80%, according to the analyst’s assessment.
In the recent past, CryptoBullet predicted that by next year, the price of ADA could potentially reach a lower peak of around $1.80. However, they also suggested that it may decline to approximately $0.15 after that period.
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2024-09-29 09:28