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Analysts name 3 best tokens of the last month

1:26 pm, March 24, 2024

According to recent blockchain analytics from Santiment, cryptocurrencies Chainlink, Cardano, and Polkadot lead the group with the most significant activity on github over the past 30 days. This metric, which is an indicator of contribution to and improvement of the project, positions digital assets as key players in the race of blockchain innovation.

The Chainlink blockchain, known for its decentralized network of oracles that facilitates smart contracts, has demonstrated remarkable development efforts.

Analyst Michael van de Poppe emphasized the recent successful retest of Chainlink’s support levels, which indicates an optimistic trajectory for its value growth. Echoing this view, Inmortal’s analyst set an ambitious price target of $ 34, emphasizing high expectations for Chainlink’s technological advancements and market efficiency.

The Cardano blockchain has seen not only a surge in development activity but also a significant increase in social activity.

According to LunarCrush, over the past three months, the number of social creators has increased by 131.7% and the number of social posts about Cardano has increased by 270.7%, resulting in a 33.1% increase in the total number of social interactions. This increased social resonance is in addition to the significant growth in Cardano’s total value (TVL), which recently reached the $ 600 million mark.

Polkadot 's scalable multi-chain blockchain architecture has attracted the attention of investors and developers. Trader XO expressed interest in seeing Polkadot’s price stay in the $ 6-$ 8 range as a buying opportunity. He remains bullish on the long-term potential, suggesting a possible rise to $ 12 or even $ 20, depending on market sustainability and community growth.

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