Summary
- Some nft-related cryptocurrencies have shown notable development activity in the past month.
- Despite strong market results, industry leaders by market capitalization such as Internet Computer (ICP) and Super artificial intelligence Alliance (SAI) were not included in the top 10 list.
The best performers
Non-fungible tokens (nfts) and related cryptocurrencies were one of the top trends during the 2021 crypto bull run. Despite waning interest, many of those coins are still around, while their total market cap exceeds $30 billion (data from CoinGecko).
Cryptocurrency market intelligence platform Santiment recently x.com/santimentfeed/status/1815409461642870994″ target=”_blank” rel=”noopener” data-wpel-link=”external”>classified Top 10 nft-related cryptocurrencies in terms of “notable development activity” on a monthly scaleDecentraland (MANA) is the leader with a score of 145.77.
He symbolic, used to purchase goods and services within the Decentraland ecosystem, had its glory days in late 2021. At that time, It reached an all-time high (ATH) price of over $5, while it is currently trading at around $0.33.
Flow (FLOW) takes second place in the ranking with a score of 140.7, while Metaplex (MPLX) comes in third with 20.03. Popular gaming tokens Axie Infinity (AXS) and Enjin Coin (ENJ) round out the top five.
Another well-known cryptocurrency that occupies a place at the bottom of the ranking is The Sandbox (SAND). Similar to MANA experienced an uptrend in November 2021, with its valuation reaching a high of over $7. Right now, SAND is worth $0.31, which represents a massive 95% drop compared to the ATH.
The missing
It is worth mentioning that none of the five largest nft-related cryptocurrencies in terms of market capitalization (Internet Computer (ICP), Artificial Superintelligence Alliance (FET), Render (RENDER), Immutable (IMX), and Floki Inu (FLOKI)) made it to the aforementioned list.
PIC was performed quite Well, last year saw a price increase of over 130% while FET hit an ATH of $3.27 in March 2024.
RENDER's valuation also peaked earlier this year. In January, the token caught the attention of cryptocurrency exchange platform Coinbase, which aggregate The company moved it to its “roadmap” section. The price reacted positively to that support, rising even further after a subsequent official listing of the company in the following weeks.
Meanwhile, IMX’s valuation is up 110% year-on-year, while FLOKI has grown a staggering 715% over the same period.
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