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June was a challenging month for the global cryptocurrency market, declining value, and Bitcoin price trading at $60,000. However, Polkadot (DOT) was also affected, with its price dropping by 9.32%.
Are altcoins genuinely doomed, or will Bitcoin and Ethereum steal the limelight, leaving altcoins underperforming? Bitcoin is sitting between $62,500-$63,000 and according to one analyst, this marked a fight from the Bulls in the last 24 hours and also a formation of a “pin bar candle”. This pattern suggests a possible bullish reversal.
The blockchain's revenue declined over the first half of 2024, and its head ambassador has called for its token's inflation rate to be lowered.
Polkadot's latest financial report reveals a shocking expenditure on marketing, totaling $37 million out of the $87 million spent in the first half of this year. Long story short?
Polkadot spend's H1 financial report reveals a hefty $87 million expenditure, including $37 million allocated to marketing efforts.
The recent report released by the Polkadot Treasury for the first half of 2024 has raised concerns over an impending funding crisis. The report indicates that the Treasury's assets, spread across multiple chains, have become increasingly complex and challenging to manage effectively.
The Polkadot Treasury holds assets equivalent to 38 million DOT, worth approximately $245 million. Head Ambassador Tommi Enenkel, popularly known as Alice and Bob, shared a new report providing the latest update on the network's treasury.
Polkadot has surged towards a crucial resistance region, marked by the multi-month wedge's upper boundary and the $6.4 threshold. This area is likely filled with significant supply, potentially halting the upward momentum in the short term and leading to a temporary phase of sideways consolidation.
Despite bearish predictions, Bitcoin (BTC) has crossed $63,000, rebounding after hitting its support level of $60,000 on Friday, with buyers entering the market and pushing the price higher.
"The next run is likely going to bring it towards $17-22," one analyst said about DOT.
While developers slowed down work, unconfirmed reports suggest that DOT is in line to join the big leagues.
Michael van de Poppe, a highly respected analyst, has made waves with his latest forecast for Polkadot (DOT). According to van de Poppe, Polkadot is on the verge of a significant price increase, potentially mirroring Ethereum's impressive past growth.
After recent market difficulties, widespread losses and Bitcoin ($BTC) dropping below crucial levels, certain altcoins, including Polkadot ($DOT), look poised for some welcomed growth.
Peter Czaban played a crucial role in helping to lift Polkadot off the ground.
Polkadot, launched in 2020 by Dr. Gavin Wood, co-founder of Ethereum, aims to enable different blockchains to interoperate seamlessly. Its unique architecture allows multiple specialized blockchains to connect, creating a network that enhances scalability, security, and innovation in decentralized applications (dApps).
Polkadot (DOT), often heralded as the “internet of blockchains,” has recently seen its price drop below the crucial $6 mark. This decline has caused ripples across the investor community, raising concerns about whether this is a temporary setback or the beginning of a longer downward trend.
In recent weeks, the cryptocurrency market has shown mixed performance, with Bitcoin (BTC) stabilizing around $69,000 and the global market cap holding steady at $2.3 trillion.
A widely followed crypto analyst and trader believes that one Ethereum (ETH) rival is well below fair market value. Crypto trader Michaël van de Poppe tells his 722,500 followers on the social media platform X that layer-2 scaling solution Polkadot (DOT) could follow ETH's upward trend.
How exactly did Polkadot and Kusama go from being close relatives to distant cousins?
Polkadot is a highly innovative blockchain protocol that focuses on issues related to scalability and interoperability. The platform has positioned itself as a viable alternative to Ethereum, attracting significant interest from developers, investors, and crypto enthusiasts.
This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polkadot. Ethereum (ETH) Ethereum fell by 3% this week, and buyers appear to struggle to defend the key support at $3,500.
Get the latest updates on the Stacks price increase, Polkadot's decline, and the explosive growth of BlockDAG's presale, which has soared 1300% in value thanks to groundbreaking technology.
Polkadot has recently experienced increased buying activity near the $5.5 crucial support region, leading to a notable surge and breaking above the previously breached multi-month triangle's lower boundary. This price movement indicates a false breakout and suggests a potential period of bullish retracements.
DOT's short-term trend has been an anomaly. RWAs may have something to do with it.
