While cryptocurrencies are traditionally ranked by their market activity and twenty-four-hour price, Cryptomiso is a new ranking site that has taken a different approach in measuring over 616 cryptocurrencies – all by measuring the frequency with which their codebase is updated.
The website enables interested investors to accurately evaluate the activity of a particular development team or community; at the time of writing, the service has tallied Cardano as its top contender, followed by the likes of Lisk, Waves, 0x, and EOS. Bitcoin correspondingly charts at seventh position.
Interestingly, the site also provides a window into which projects have either been abandoned or no longer see significant activity; at last-place sits Mintcoin, while TrustPlus, Halcyon, Hyper, Nyancoin, Wink, and LeaCoin occupy spots 610-615.
Tallied in accordance with their market cap, the top ten cryptocurrencies enjoying active GitHub commits would be Bitcoin, Ethereum, Ripple, BitcoinCash, Cardano, Neo, Litecoin, EOS, and NEM.
A new window for investors
Naturally, the platform does not provide winder indication into the size or substance of updates; minor improvements are tallied at the same mark as major upgrades, such as Lightning Network support.
While GitHub activity may not mark an enticing or entirely useful metric for cunning investors, the tool does provide an opportunity for angel investors seeking an enticing project to either take root in or assist in developing that might offer substantial dividends in the near future.
What are your thoughts? Should GitHub activity play an active role in how worth and value is assigned to various cryptocurrencies? How else could investors evaluate the potential worth and reach of any given cryptocurrency? Join the conversation and let us know your view on Twitter – @coininsidercom!
Visit Cryptomiso here