Polkadot Price Analysis: $DOT Gains 10%, Nears $5 Mark
After steady gains during the week, Polkadot ($DOT) is up over 10% and trading near the $5 mark.
Keep up with what's happening in the crypto world in real-time.
After steady gains during the week, Polkadot ($DOT) is up over 10% and trading near the $5 mark.
Polkadot's development activity remained considerably lower than Ethereum and Arbitrum.
Polkadot (DOT) saw several key updates and developments in July. Let's look at some of the latest insights in OpenGov activity, developer engagement, and discussions from the Polkadot ecosystem.
Bitcoin (BTC) has held firm above $60,000, although its price has not seen much movement. The asset is trading around the $60,700 price level.
Is Polkadot poised for a major Q4 breakout? Key upgrades and bullish patterns signal explosive growth.
The cryptocurrency markets rallied after the release of the FOMC minutes. The July meeting minutes indicated that a rate will happen in September.
As of the latest updates, Polkadot's price is trading at $4.56, reflecting a 3.68% increase over the past 24 hours, according to data from Coingecko. This positive movement has helped boost Polkadot's market capitalization to approximately $6.76 billion, positioning it as the 15th largest cryptocurrency by market cap.
Polkadot (DOT) has seen a steady increase since the weekend, which has allowed it to reclaim the crucial $4.50 price level. DOT's gradual uptick has allowed it to go from Thursday's low of $4.22 to its current price of $4.56.
Polkadot's price consolidates within a falling wedge, signaling a potential breakout as Futures Open Interest hits $190M.
Despite recent struggles, Bitcoin (BTC) has reclaimed the $60,000 price level and is trading at $61,100, up over 4% during the past 24 hours. BTC and Ethereum (ETH) were trading flat early on Monday but quickly shrugged off the initial lethargy to record noticeable gains.
Alaska Airlines and Hawaiian Airlines will still need approval from the Transportation Department to complete the deal
Bitcoin and most altcoins traded sideways on Aug. 19 as traders await the release of this week's Federal Reserve minutes and the upcoming Jackson Hole symposium.
Bitcoin (BTC) briefly reclaimed the $60,000 price level over the weekend but quickly dropped below $59,000. The cryptocurrency is currently trading around the $58,500 price level, having fallen almost 1.50% over the past 24 hours.
Story Highlights The live price of the Polkadot crypto token is Polkadot price can reach a maximum of $15.7577 by the end of 2024. DOT price is expected to approach its $100 mark by the year 2030, with a potential high of $95.94 for the year.
After another tumultuous week, buyers have yet again been unable to push $DOT above $5. $DOT trades at $4.44, gaining 2.5% in today's session.
Mosaic Chain secured a parachain slot on the Polkadot Relay Chain — securing the rights necessary for its mainnet launch.
Polkadot has been on the down low since last month with investors and traders pulling out of the market. According to CoinGecko, the token is down more than 16% in the past 2 weeks.
Major XRP rivals are gaining traction among crypto participants as the recent conclusion of the long-running Ripple vs. US Securities and Exchange Commission (SEC) case failed to ignite the expected rally.
Spot CVD saw a decent bounce over the past 24 hours, but it does not mean the bulls can follow up on it.
BTC's drop took the asset's price to its weakest level since the market panic witnessed in the first week of August, with ETH also dropping 4.5%.
Parachain auctions play a crucial role on Polkadot and Kusama. Their outcome determines which project is allotted a parachain slot and the number of tokens locked.
Global crypto markets registered a 104% year-on-year (YoY) increase in market cap, with Bitcoin (BTC) remaining a standout performer, with growth of between 50% and 55%.
Among this backdrop of Bitcoin-focused developments, two altcoins are emerging as strong contenders for a significant comeback. Let's dive into why Polkadot and Helium might be the altcoins to watch as we approach the end of 2024.
After Bitcoin & Ethereum, the crypto space has witnessed the emergence of new altcoins, which has expanded the use cases. With the emergence of AI, RWA, MEMES, and many more, primitive tokens like Cardano (ADA), Polkadot (DOT), and XRP appear to be trading underneath them.