Top 5 Cryptocurrencies on GitHub: Ranking the Best Builders
Cryptocurrencies are built using open-source software on GitHub, allowing investors to track development activity and gain insights into their favorite projects. By analyzing GitHub metrics, you can enhance your fundamental analysis of each cryptocurrency investment.
Finbold has compiled a ranking of the top five cryptocurrency builders based on a project-quality score developed by Lukas Masuch. Masuch’s ranking takes into account various metrics collected from GitHub and package managers.
“All projects are ranked by a project-quality score, which is calculated based on various metrics automatically collected from GitHub and different package managers.”
— Lukas Masuch’s ranking, method description
1. Bitcoin (BTC)
Unsurprisingly, Bitcoin, the leading cryptocurrency with the largest market cap, receives the highest score of 46 according to Masuch’s methodology. It has over 100,000 stars on GitHub, indicating its popularity among users.
2. Cosmos (ATM)
Cosmos, a cross-chain cryptocurrency, takes the second spot with a score of 43 and 22,000 stars. It has a market cap of $2.35 billion, translating to $106 per star.
3. Stellar (XLM)
Stellar ranks third with 36 points and 8,500 stars. With a market cap of $3.54 billion, XLM has $417 dollars for each star.
4. Algorand (ALGO)
Algorand scores 35 points with 2,900 stars. Its market cap is $709.36 million, resulting in approximately $244 per star.
5. XRPL (XRP)
XRPL secures the fifth position with 34 points and 6,900 stars. It has a market capitalization of $25.44 billion, making it the second most expensive asset among the top five builders with $3,687 per star.
Hot Take: Evaluating Cryptocurrency Builders on GitHub
Analyzing GitHub metrics provides valuable insights for evaluating cryptocurrency builders. Bitcoin, Cosmos, Stellar, Algorand, and XRPL have proven themselves as strong projects with significant development activity on GitHub. However, it’s important to remember that market cap and stars alone do not determine a cryptocurrency’s potential. Conduct thorough research and consider multiple factors before making investment decisions in the crypto space.
By
By
By
By