In their weekly #MasternodeMonday section, the Omni Analytics team uses fundamental analysis to analyse the current masternode sector.

This weeks research by the Omni Analytics team evaluates masternode coins' activity on Github. This could be considered controversial because of several reasons:

  • There is a private development branch, and the public repository only contains the newest version or a zip file of the code.
  • Projects want to keep their source code private, keeping their advantage over their competition or because of patents.
  • Some projects use their repositories for their website as well, creating a lot of commits that don't belong to the project software.
  • The activity could be easily faked by creating lots of small commits.

The team defends their approach by not only looking at the commits but looking at forks and "watchers" or "stars" as well. For example, when a repository has a lot of forks, it could be a sign that the project is popular and new projects want to fork it. A high number of forks could also imply that external developers are working on the project, creating bugfixes and enhancements.

Source: Omni Analytics

In their data chart, a correlation can be seen between the created Github project score and market cap. To prevent older projects from having a higher score, (because of their long development cycle) results are normalised by age.