📊 With altcoins not slowing down on their historic runs yet, the euphoria from a week ago is showing trader fatigue. Even with crypto mainstays like XRP (+444%), Cardano (+280%), and Stellar (+512%) all having historic 30-day stretches, it appears that retail traders have grown a bit quiet after profit taking on earlier rallies in late November.

With markets historically moving the opposite direction of the crowd's expectations, the silence toward these top caps should be considered an encouraging sign that FOMO won't be interfering with any further climbs... at least not yet.

📈 While eyes have been on Bitcoin making history, altcoins like XRP, Cardano, Stellar, Hedera, Mantra, and Algorand are growing their respective market caps rapidly. As long as BTC maintains a ~$95K+ support , expect November profits to continue redistributing to altcoins.

🧑‍💻 Here are the top 15 cryptocurrency blockchain ecosystems by their level of github events, along with their growth in the category over the past year. This list is based on each ecosystem's amount of 'pure' development activity events, rather than just 'commits':

📈 1) Ethereum Ecosystem: +0.8% Year-Over Year 🥇
📈2) BNB Chain Ecosystem: +3.0% 🥈
📉3) Polygon Ecosystem: -1.6% 🥉
📈4) Cosmos Ecosystem: +7.9%
📈5) Arbitrum Ecosystem: +11.6%
📈6) Optimism Ecosystem: +39.3%
📈7) Avalanche Ecosystem: +16.6%
📈8) Harmony Ecosystem: +5.9%
📈9) Polkadot Ecosystem: +1.8%
📈10) Solana Ecosystem: +12.1%
📈11) Osmosis Ecosystem: +10.7%
📈12) Cardano Ecosystem: +16.3%
📈13) Gnosis Ecosystem: +2.4%
📈14) Fantom Ecosystem: +31.7%
📈15) Near Ecosystem: +2.6%

Check out our full article about how we calculate github events here!

📊 1Inch, Tron, and Stellar have been getting shorted on and off here in early September. When we see heavy bets against an asset, liquidations can occur which act as "rocket fuel" for the asset's price to rise higher. Going against the crowd of doubters could pay dividends.

🧑‍💻 In terms of each crypto ecosystem's total development activity events, Ethereum remains on top. But Solana, Avalanche, and Cosmos are the fastest risers.

Bookmark the completely FREE Santiment Development Activity Dashboard to keep tabs here: https://app.santiment.net/dev-activity

🧑‍💻 Wondering which crypto ecosystems are continuing to build through the carnage?

Bookmark this FREE Santiment activity dashboard, updating notable development for blockchains on a daily basis.