{"id":19149,"date":"2024-11-09T09:03:52","date_gmt":"2024-11-09T09:03:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=19149"},"modified":"2024-11-09T09:03:52","modified_gmt":"2024-11-09T09:03:52","slug":"these-are-the-top-10-rwa-cryptocurrencies-by-development-activity-in-the-past-month","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=19149","title":{"rendered":"These Are the Top 10 RWA Cryptocurrencies by Development Activity in the Past Month"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Real-world asset (RWA) cryptocurrencies have a market cap of over $30 billion, with Chainlink (LINK) leading recent development activity.<\/span>
\nIts price has risen by 16% in the last week, with analysts predicting potential further gains toward targets of $32 to $102.<\/p>\n

<\/a><\/span><\/h2>\n

Here Are the Leaders<\/h2>\n

Real-world asset (RWA) cryptocurrencies have gained significant traction in the digital asset sector, with a combined market capitalization of almost $32 billion as of November 8, 2024. <\/span>They represent tokens backed by tangible assets such as real estate, commodities, <\/span>or<\/span> art and collectibles.<\/span> In the following lines, we will focus on the top 10 RWA cryptocurrencies in terms of development activity in the last 30 days.<\/span><\/p>\n

According to the market intelligence platform Santiment, the first spot <\/span>belongs <\/span><\/a>to Chainlink (LINK), with a score of 739.6. Its development activity for the aforementioned period has exploded by 14,450%, making it the undisputed leader.\u00a0<\/span><\/p>\n

Syntetix (SNX) and Dusk (DUSK) follow in second and third place, respectively. The former has an index of 254.03, while the latter collected 66.07.<\/span><\/p>\n

Orachain Token (ORAI) and Sky (SKY) round up the top 5 <\/span>club<\/span>, while other well-known cryptocurrencies making the list include Maker (MKR), Polymesh (POLYX), and Centrifuge (CFG).\u00a0\u00a0<\/span><\/p>\n

Santiment employs the so-called Ecosystem Dev Activity Dashboard to evaluate the exact ratios. It displays how many software development events <\/span>are created<\/span> on various blockchains and their associated decentralized applications (dApps).<\/span><\/p>\n

\u201cThese events are carefully filtered and predefined to be representative of real programming progress, meaning no low-value actions <\/span>are taken<\/span> into consideration,\u201d the team behind the platform <\/span>explained<\/span><\/a>.<\/span><\/p>\n

LINK\u2019s Next Potential Targets<\/span><\/h2>\n

The ranking\u2019s leader has been at the forefront of gains in the past week. LINK\u2019s price has pumped by 16% for that period, currently trading at around $13.20 (per CoinMarketCap\u2019s data).
\n<\/span><\/p>\n

<\/a>LINK Price, Source: CoinMarketCap<\/p>\n

According to some industry participants, the asset <\/span>is poised<\/span> for further increases <\/span>in the near future<\/span>. The X user CryptoBullet <\/span>claimed<\/span><\/a> that <\/span>both<\/span> LINK\u2019s price and RSI are \u201cbreaking out.\u201d The analyst suggested this could <\/span>be a catalyst for<\/span> an explosion toward $38, $59, and eventually $102.<\/span><\/p>\n

Cephii also outlined<\/a> a bullish target, albeit less substantial than CryptoBullet\u2019s forecast. The trader suggested that LINK could surge to $32 by January next year.<\/span><\/p>\n

The post These Are the Top 10 RWA Cryptocurrencies by Development Activity in the Past Month<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Real-world asset (RWA) cryptocurrencies have a market cap of over $30 billion, with Chainlink (LINK) leading recent development activity. Its price has risen by 16% in the last week, with analysts predicting potential further gains toward targets of $32 to $102. Here Are the Leaders Real-world asset (RWA) cryptocurrencies have gained significant traction in […]<\/p>\n","protected":false},"author":0,"featured_media":19150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19149"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19149"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19150"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}