The topic of this report is the development activity of a project and it’s interrelation with it’s token price and capitalization growth. Our team has decided to focus on the github-activity metrics, which contains all of the github events, not only developing itself. Though the pure development activity metric is also considered in some charts.

Correlation Density

The whole set of projects was divided into ‘ERC20’ (554 projects total) and ‘Other’ sets (364 projects total). Each of them is ranged into two categories by the max capitalization value that the token ever reached. The exploration interval holds the period from 2016 to present time.

The below measured correlation values show the type and the strength of parameter interrelation. While exploring the github activity and price changes, we have found that part of the projects have high correlation values for these