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The price of Polkadot (DOT) is in a downtrend, but has recorded a new decline. Sellers have broken the current support at $5.98, which has held since July.

It has been a mixed week for the crypto market. Less hawkish chatter eased the pain going into the weekend, though Fed fear lingers.

Polkadot, the blockchain known for a vast number of developments, witnessed an uptick in its volume over the past few days. The blockchain managed to show this kind of growth despite the general FUD surrounding its change in management.

Gavin Wood, co-founder of Polkadot, and CEO of Parity Technologies, the key backer behind the ecosystem, announced that he is stepping down from the role. Gavin Wood, the co-founder of the Polkadot ecosystem, is stepping down as the CEO of blockchain infrastructure company Parity Technologies – the development company behind Polkadot.

The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto's own research on the subject. Polkadot (DOT), which debuted in 2020, is the world's 12th biggest cryptocurrency.

The Polkadot price analysis shows that the price of DOT/USD has followed a downward trend in the last 24 hours. The price has shifted towards an antagonistic movement, decreasing significantly, dropping from the $5.89 mark, the cost of DOT was down 0.37% in the last 24 hours, with a trading volume of $302,057,460.

A dip is common in the cryptocurrency market during a bearish downtrend. Most times, it could persist for a prolonged period.

According to Bloomberg, Gavin Wood, co-founder of Parity Technologies, the organization that created the Polkadot blockchain, is quitting as the firm's CEO. Wood will continue to be the majority shareholder and chief architect of Parity.

Should Polkadot investors be concerned? According to a Bloomberg report, Gavin Wood is relinquishing his position as chief executive officer of Parity Technologies, which provides the Polkadot ecosystem with its primary support.

Polkadot and Ethereum co-founder Gavin Wood resigns from his role as CEO of Parity Technologies to pursue Chief Architect role. The post Gavin Wood Resigns From Parity CEO Role as Crypto Exec Departures Continue appeared first on BeInCrypto.

Gavin Wood, the co-founder of blockchain platform Polkadot, is quitting his CEO role at Parity Technologies, a blockchain software development company, Bloomberg reported Friday.  The outgoing CEO will be replaced by Bjorn Wagner, a co-founder of Parity.

Wood will remain the company's majority shareholder and take on the title of chief architect, where his focus will shift to developing and promoting the mass adoption of Web3 technology.

In a Parity Leadership Update today, Dr Gavin Wood, one of the initial co-founders of Parity Technologies has given up his CEO role to a fellow co-founder Björn Wagner. Wagner is the founder of the Ecosystem Development division.

Wood is out as Parity CEO but will remain on as Polkadot's chief architect.

Gavin Wood is stepping down as CEO of blockchain infrastructure company Parity Technologies. He will continue to be the company's principal investor and architect, according to a report.

The market cap of the Polkadot ecosystem has declined roughly 2.9% following news of Gavin Wood‘s departure as CEO. The post Polkadot ecosystem falls 2.9% after founder Gavin Wood steps down as Parity CEO appeared first on CryptoSlate.

Wood said his passion lies with coding, rather than managing the business. 

He will, however, remain majority shareholder.

Polkadot price analysis reveals a severely declining approach today; the price has lost most of its lost value. In the last few days, the cost of DOT has received much negative attention and has decreased to a slight degree.

Gavin Woods, the founder of Kusama and Polkadot Blockchain, has resigned from his role as Parity's CEO  Bjorn Wagner will now be the new CEO of Parity Technologies. Per a Bloomberg report, Polkadot's founder Gavin Woods has resigned from his position as the CEO of Parity Technologies, the firm that was responsible for developing the Kusama and Polkadot blockchain ecosystems.

Polkadot co-founder Gavin Wood is stepping down as CEO of Parity Technologies Ltd. The post Gavin Wood is stepping down as CEO of Parity: Bloomberg appeared first on The Block.

Björn Wagner, chief commercial officer, has been appointed as the company's new CEO 

Björn Wagner will now helm Polkadot's key backer, Parity Technologies.