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The partnership will help fulfill the scaling need of dApps on Astar, a parachain that operates a smart contract platform on Polkadot. The post Alchemy expands its infrastructure into Polkadot ecosystem via deal with Astar appeared first on The Block.
The Astar network's dApp staking feature will encourage developers to build on the chain to earn rewards in its native token.
Astar Network is now the first project within the Polkadot ecosystem to let developers build apps using Alchemy Supernode crypto API.
The collaboration is expected to help bring even more incentives and innovation to the Polkadot ecosystem.
A significant feature of any blockchain is its decentralized nature. The miners and validators in the decentralized world play an important role.
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FSA-approved Japanese cryptocurrency exchange Bitbank has added support for two more cryptocurrencies
While Polkadot [DOT] ended July strongly, the start of August was on the opposite side. On the last day of the previous month, DOT increased from $8.2 and went as high as $9.11—driving good profits for its short-term investors.
The cryptocurrency market has experienced an exponential expansion in recent years. As a result, there are now new economic prospects and rules.
The Polkadot price prediction is down at 1.47% at the time of writing as the coin goes below the opening price of $8.18.
DOT could witness an increase in demand after Polkadot's launch of an intercommunication blockchain tool.
Polkadot dropped for a second straight session on Tuesday, as the token failed to break out of a key resistance level. This move saw the cryptocurrency fall by nearly 10%, as the global market cap was mainly in the red. Cronos, however, managed to rally despite this, hitting an almost seven-week high in the process.
Top crypto analyst Michaël van de Poppe says that leading smart contract platform Ethereum (ETH), two rivals and one additional altcoin appear poised to ignite breakout rallies. In a new strategy session, Van de Poppe tells his 166,000 YouTube subscribers that Ethereum is currently testing the strength of its immediate resistance at around $1,700.
Polkadot price analysis shows the market is still in a bearish trend as prices have not been able to move sustainably above the $8.58 resistance level. Polkadot prices are currently bearish as the market slides below $9 levels.
Cronos has mustered a bullish technical breakout despite the broadly bearish crypto market conditions, while FIL and DOT are underperformers.
DOT is grasping on $8.84 for dear life after peaking at the aforementioned price. Can Polkadot (DOT), whose price fell by 4% on a daily basis after peaking at $8.84, hang on?
Some say the era of cryptocurrencies making investors millionaires overnight has passed and that the top assets in the ecosystem have people losing more money than they make. They can't be blamed for the blasphemy; we are indeed in the bear market, and prices have been relatively low.
Can Polkadot (DOT) hold on to dear life as its price nosedived by 4% on the daily charts right after it peaked at $8.84? The $8 support line is seen as a critical zone for the coin, especially with the prevailing seller pressure going on.
Polkadot price analysis has turned bearish today, as price dropped more than 9 percent over the past 24 hours. DOT seemed to be targeting the $10 resistance after embarking on a strong bull run that initiated on July 26, 2022.
The Polkadot price analysis indicates profit booking at a higher level. However, the correction from the higher levels was due following from an extended uprend that took price to $9.20.
Bitcoin and most major altcoins have been rejected by resistance, hinting at a few more days of consolidation.
July turned out to be a very green month for the cryptocurrency market. Bitcoin (BTC) rose by almost 20%, and Ethereum (ETH) even by almost 60%.
If the BTC price doesn't retract, then a bullish Polkadot price prediction of $9.66 is likely to be met very soon.
Filecoin is once again the best performer from the lower-cap alts, while Polkadot has surged the most from the larger caps.
