[LUCIDA & FALCON Research] Recently, a study on crypto assets and team activity showed that the project’s activity on GitHub has a certain positive correlation with the rise and fall of currency prices. The study compared the currency price trends of three market cycles (2018.1-2020.3, 2020.3-2021.5, 2021.5-present) and the corresponding project GitHub six-factor data (Star, Fork, Commit, Issues, Pull requests, Watchers) and found that the bull market In a bear market, the more active GitHub projects are, the higher their price increases will be; in a bear market, the more active GitHub projects are, the more resilient they will be. In addition, the correlation between GitHub and currency prices is significantly higher in bull markets than in bear markets. When investing in crypto assets, investors can pay attention to the development activity of the project on GitHub and avoid projects with inactive development.