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The Polkadot community has approved the Join-Accumulate Machine (JAM) Protocol upgrade in an almost unanimous vote, with backing from over 31 million DOT tokens.
Polkadot-backed IndyCar racer Conor Daly achieved a top 10 finish at the prestigious Indianapolis 500. Reports indicated that Daly led for 22 laps in the race but couldn't maintain his lead due to his car's speed limitations.
TL;DR The Polkadot community has approved the JAM update, highlighting its decentralized governance. The update includes significant technical improvements and a 10 million DOT prize for developers. The implementation of JAM is expected to positively influence the price of DOT.
The Polkadot community celebrated the blockchain's fourth anniversary by ratifying the highly anticipated Join-Accumulate Machine (JAM) upgrade. The proposal received unanimous support, with backing from over 31 million DOT tokens.
“I expect Polkadot to be trading around the $10 soon," one analyst stated.
Polkadot (DOT) has been making waves with its modest price movements amid notable developments ranging from mention in TikTok acquisition talks to participation in Consensus 2024. In this article, we delve into these recent Polkadot developments and how they have impacted the price of DOT token.
Polkadot has struggled to reclaim the critical $7.5 resistance region and the 100-day moving average at $7.4. Yet, the current bullish momentum appears insufficient, suggesting a possible short-term consolidation near this pivotal level.
Polkadot has established itself as a dominant player in the crypto space with its native token, DOT, one of the market's largest and most popular cryptocurrencies. Polkadot's ecosystem has several projects building dApps and protocols for the Polkadot ecosystem.
Polkadot and Conor Daly pave the way for decentralized sports sponsorship.
Polkadot has been holding strong this week, which aligns with the overall market uptick.
Polkadot (DOT) saw a sharp midweek decline after bears provided strong resistance at the $7.5 level, leading to a decline of over 5% to $7.19.
The Polkadot community has approved the Optimistic Project Funding proposal to support projects that enhance the blockchain network's ecosystem. The proposal received unanimous approval, backed by over 55 million DOT tokens.
Mythos Chain, one of the biggest gaming blockchains around, is moving to Polygon, while crypto startups get a new way to connect with potential investors.
Polkadot's price is still moving rangebound, following its significant decline in April. On a more minor scale, the asset has declined by more than 3% in the past 24 hours, in a move perhaps fueled by the developments around the SEC and the recently approved spot Ethereum ETFs.
Nominators play a crucial role in a blockchain network that uses the Nominated Proof-of-Stake consensus mechanism. Nominated Proof-of-Stake is used in blockchains such as Polkadot and Kusama.
A widely followed crypto analyst believes one Ethereum (ETH) competitor could more than double in price. Crypto trader Michaël van de Poppe tells his 718,900 followers on the social media platform X that interoperability blockchain Polkadot (DOT) is poised to rally due to major network advances.
This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Ethereum (ETH) Ethereum just had one of its best weeks after its price exploded by almost 30%.
The Polkadot (DOT) price witnessed a massive surge on Monday that saw the cryptocurrency break past its previous swing high. The surge also helped DOT break out of a multi-month descending trendline.
Polkadot (DOT) is consolidating gains above the $7.40 zone against the US Dollar. The price could start another increase if it clears the $7.70 resistance.
Polkadot's (DOT) price is on track to continue its ongoing recovery after noting corrections over the past two months.
Polkadot (DOT) has emerged as a frontrunner, captivating investors with its remarkable price surge. With DOT shattering key resistance levels, the question on everyone's mind is whether it will soar beyond $10.
Polkadot has recently witnessed a surge in demand, leading to a price uptick that has breached its previous swing high and broken through a multi-month descending trendline. The price is now approaching the upper boundary of its consolidation range and is on the brink of surpassing it.
Since its inception, Polkadot has used sophisticated governance mechanisms that have allowed the protocol to evolve at the behest of its stakeholders.
Check out DOT's next targets following the capitulation of the $7.50 resistance zone.
