Top 10 NFT-related cryptocurrencies by development activity in the last 30 days
See which NFT-related coin ranked first in terms of “popular development activity” last month.
TL; DR
Some NFT-related cryptocurrencies have shown significant growth activity over the past month. Despite strong market performances, industry leaders such as Internet Computing (ICP) and Artificial Superintelligence Alliance (FET) were not included in the top 10 list.
Top performers
One of the main trends during the crypto bull run of 2021 was non-fungible tokens (NFTs) and cryptocurrencies. Despite declining demand, many of the coins are still available, with a total market capitalization of over $30 billion (CoinGecko).
Crypto market intelligence platform Santiment recently ranked NFT-linked cryptocurrencies on a monthly basis with “popular development activity.” Decentraland (MANA) is the leader with 145.77 points.
The token, which was used to purchase goods and services in the Decentraland ecosystem, had its glory days in late 2021. It reached more than $5 at its all-time high (ATH) price then, and currently trades around $0.33.
Flow (Flow) is second with 140.7 points, while Metaplex (MPLX) is third with 20.03. Popular gaming tokens Axie Infinity (AXS) and Enjin Coin (ENJ) round out the top five.
Another well-known cryptocurrency ranking at the bottom of the ladder is The Sandbox (SAND). Similar to Manna, it saw a bull run in November 2021, with prices above $7. As of now, SAND is priced at $0.31, representing a whopping 95% discount compared to ATH.
The missing
It's worth noting that the five largest NFT-related cryptocurrencies in terms of market capitalization – Internet Computer (ICP), Artificial Superintelligence Alliance (FET), RENDER, IMX and FLOKI – did not make the list.
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ICP has performed very well over the past year, with a price increase of over 130% while FET achieved a March 2024 ATH of $3.27.
The price of RENDER also hit a high earlier this year. In January, the token caught the eye of crypto exchange Coinbase, which added it to the “road map” section. The price responded positively to that support, rising further in the coming weeks following an official listing from the company.
Meanwhile, IMX's price has risen 110% year-to-date, while FLOKI has exploded an impressive 715% over the same period.
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