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SPONSORED POST* There may be a bit of centralization coming to cryptocurrency in the form of a political action committee (PAC). The Blockchain Association recently set up a new cryptocurrency industry PAC. It should be in a position to influence the American presidential election year in 2024.
Polkadot price analysis shows that the value has started today's session on a bullish note as it rises to the $6.35 mark. The value is currently testing the resistance at $6.42, and a breakout above this level could see DOT/USD increase towards the $7.00 mark.
Polkadot (DOT) could validate a long-term bullish pattern with a breakout from a short-term descending wedge. The post Polkadot (DOT) Price Pumps on Tether News, Breakout Looking Likely appeared first on BeInCrypto.
The market capitalisation of all digital assets, including cryptocurrencies, surpassed $3 trillion in November of last year. Many ordinary people received double-digit or even triple-digit profits on their investments in 2022. Since then, though, several cryptocurrencies have suffered losses. Coins and the blockchain technology that supports them continue to attract a lot of attention.
It was a choppy week for the crypto markets. While network updates delivered price support, the Fed and economic woes tested investor appetite.
Polkadot, which had a high development activity for quite some time, saw a decline in the same recently. Along with that, there has also been a dip in DOT's social media presence as well.
The world's largest stablecoin has launched on yet another popular blockchain network.
Polkadot price analysis indicates that the DOT/USD pair is currently trading at $6.25 and is maintaining a bearish trend. The bears are currently in control of the market and are likely to push the price down to $6.24 in the near term if the current trend continues.
Tether Limited recently expanded its reach across various blockchain platforms by launching its stablecoin (USDT) on the Polkadot network
Polkadot [DOT]‘s Twitter news handle, Polkadot Insider, posted an interesting update on 23 September 2022. As per the update, development activity contributors performance on the network in the last seven days witnessed an upward trend.
Polkadot price analysis for today shows that the cryptocurrency has seen a bullish breakout from a symmetrical triangle pattern. The breakout from the triangle pattern has occurred after a period of consolidation below the $6.25 support level.
Tether announced on Friday that USD Tether was natively available on Polkadot. The post Tether's USDT stablecoin goes live on Polkadot appeared first on The Block.
The price of Polkadot (DOT) is in a downtrend and has fallen to the lower price level of $5.98. This support is the historical price level from July 13 and has not been broken yet.
The launch of Tether tokens (abbreviated as (‘USDT') on Polkadot, a decentralized, open-source blockchain framework, was recently announced by Tether Operations Limited (from now on, referred to as ‘Tether'). Tether is the firm that operates the blockchain-enabled network tether.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. USDT Dominance is a metric of the share of the crypto market cap held by USDT.
Tether is now live on 15 different blockchain networks, according to the company's latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The stablecoin's new support follows the token being added to the Near Protocol 11 days ago.
The strength of the U.S. dollar continues to negatively impact risk assets, but that did not prevent Bitcoin and select altcoins from staging a few strong rallies this week.
To shed light on the protocol's successes, Polkadot insiders have been providing key data. As it stands, these accomplishments are very helpful to the overall ‘well-being' of DOT.
Stablecoin issuer Tether is launching its flagship stablecoin USDT on the Polkadot (DOT) blockchain network. The latest expansion comes just a few weeks after the leading stablecoin launched on the Near blockchain.
Launch would allow Tether to move in and out of Polkadot network
These two crypto names have serious long-term goals and real-world use cases.
Midway through the month of June, the Polkadot (DOT) price dropped and fell below the range to hit the lower support level of $5.951. Further, a rebound broke the range of $6.854, reaching $7.78 before being rejected back to the support level at $6.854. Previously, the prices soared past the $7.
The Polkadot (DOT) price prediction is down at 1.30% at the time of writing as the coin goes below the opening price of $6.
The first in-game NFTs have been minted on Efinity with the launch of the MetaHome NFT collection, immediately usable in MyMetaverse's full suite of games. MyMetaverse, a game development company specializing in creator-led metaverses with play-and-earn economies, ensured that on launch, the NFTs perform different functions in three different games.
