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Polkadot has been on a long-term downtrend. Is the price reversal at $3.6 sustainable?

Our column dedicated to the crypto world continues, and today we will look at three important assets: Polkadot (DOT), Beacon ETH (BETH) and Litecoin (LTC).

Stratis (STRAX), Band Protocol (BAND), and Bitcoin SV (BSV) are the weekend's best crypto gainers. STRAX broke out from a horizontal resistance area, BAND broke out from a descending resistance trendline, while BSV is approaching a key resistance.

Polkadot will release a list of its top five influential parachains in the next week. However, despite this development, DOT remains under bears' influence.

The Polkadot (DOT) team is working to enhance interoperability between different blockchains. Currently, the project's native token DOT is trading over 90% below the all-time high reached on Nov. 4, 2021, at the peak of the bull market.

The US Oversight and Accountability Committee has issued a warning to Gary Gensler for not disclosing documents pertaining to the SEC's role in European social engineering initiatives. The committee's growing frustration stems from a four-month-long wait for the requested information.

“Amidst Bitcoin's predictable trading range, there emerges a tantalizing question: Will the sideways price action beckon altcoin traders to embark on fresh ventures? The allure of a trending move within

Bitcoin trades in a predictable range, but will the sideways price action tempt altcoin traders to open new positions?

As of 12 October, DOT was oversold. Thus, there stand the possibility of a demand resurgence.

The failure by DOT bulls to reclaim the $4 support level after sellers broke the level saw the altcoin sink further by 5.9% over the past two days.

Parity Technologies has announced plans for Polkadot's future that involve community-driven growth, amidst rumors of staff layoffs.

Polkadot (DOT) encountered a pivotal moment on October 9 as the bears managed to pull the cryptocurrency below the crucial support level at $3.91. Despite a brief effort by the bulls to reclaim ground on October 10, the bears held their position, causing apprehension in the market.

A post on X , shared by “chainyoda,” a core contributor, revealed that the number of employees laid off exceeds the total number of developers working on decentralized applications (dapps) deployed on the blockchain.

Parity Technologies announces a strategic shift towards decentralization within the Polkadot ecosystem, dispelling rumors of laying off 300 employees.

Rumors had emerged that the company laid off around 300 employees at its off-site event in Mallorca, something Parity denies.

Parity Technologies lays off over 300 employees amidst a strategic shift towards community-driven operations. The move comes as Polkadot faces ecosystem challenges, including a large upcoming supply event and a seeming lack of demand in parachain auctions.

In an exciting and forward-thinking development, the Web3 Foundation has announced a pioneering initiative that will provide a substantial financial boost to the Polkadot community. This initiative is designed to empower the community further by allocating a substantial sum of $22.08 million and 5 million DOTs (Polkadot's native cryptocurrency) throughout the year 2024.

Bitcoin and select major altcoins are under pressure as the September Producer Price Index report shows wholesale inflation surged to 0.5%, exceeding the markets' expectation.

The Web3 Foundation, dedicated to the development of the Polkadot and Kusama ecosystems, is taking an ambitious step to invigorate Polkadot development with a substantial investment of $40 million. However, despite this major financial commitment, Polkadot's native token, DOT, has been on a steady decline and is currently at its lowest level since August 2020.

The Polkadot (DOT) price has fallen under a descending resistance trendline since February.

The Polkadot ecosystem is on the cusp of a major milestone, as the community eagerly prepares for the unlocking of 100 million DOT tokens. This significant event has ignited a proactive response from the Polkadot community, which is rallying together to ensure the stability and efficiency of the network as it evolves towards Polkadot 2.0.

Polkadot's latest news may spark a bullish sentiment in the price action of DOT considering that recovery was underway especially on the metric front. Will buyers require more conviction to kick-off a bullish rally?

The Web3 Foundation has announced a plan to deploy millions in grants over the next year to boost development and projects on the Polkadot ecosystem. However, the former crypto darling has fallen out of favor among investors as its token price continues to tank.

The Web3 Foundation, a firm whose flagship project is the Polkadot blockchain protocol, has unveiled a new initiative to allocate $22.08 million and 5 million DOTs throughout the year 2024.