Keep up with what's happening in the crypto world in real-time.
All Filters (1)
Polkadot [DOT] has emerged as the fourth most active token, surpassing prominent networks like Solana, Filecoin, and Litecoin. Despite offering substantial token incentives, recent data indicates a decline in daily activity and revenue generation.
The Polkadot price analysis is bearish today as the coin is correcting after marking a weekly high yesterday at $5.54. Yesterday, when the entire crypto market was bullish, DOT/USD also covered a range upward, and the price continued progressing till the end of the day.
Polkadot [DOT] rally has offered over 4% gains so far.
Polkadot's token incentives struggle as daily activity and revenue decline, while proposed changes aim to attract users. DOT price continues to fall, along with volume.
Binance's support of Polkadot's USDT integration has yielded positive results. Despite this, activity on the Polkadot network continues to decline.
Polkadot price analysis reveals a relatively upbeat approach today; the price has gained most of its lost value. In recent days, there has been a notable upsurge in the overall market sentiment favoring DOT (Polkadot), leading to a significant appreciation in its value.
The recovery in the U.S. stock market seems to have acted as a catalyst for the relief rally in Bitcoin and select altcoins.
From the Polkadot price analysis, it becomes apparent that a positive shift is taking place, marked by the return of bullish momentum within the past few hours. The persistent efforts of the bulls to facilitate recovery have yielded promising results, propelling the price to reach $5.27.
The Polkadot (DOT) price could soon end its correction and begin a significant bounce
The latest announcement featuring the integration of Tether (USDT) on Polkadot is already bearing good fruit as the protocol's parachain Statemint has recorded a parabolic jump in the total volume of the stablecoin resident on it. As Polkadot shared the news on its official Twitter handle, this massive change in Statemint's USDT volume was ignited just after the announcement was shared.
USDT's supply on exchanges declined, as did its supply held by top addresses. DOT's weekly chart was red, but metrics were bullish.
The Polkadot price analysis continues to indicate a bearish outlook as the market undergoes a notable decline. Within the past 24 hours, the asset's price experienced a slight decline, demonstrating sideways movement under the influence of bearish sentiment.
The Polkadot (DOT) ecosystem has hit a whole new landmark as it is now hosting the crypto ecosystem's biggest stablecoin, Tether (USDT). As the protocol unveiled, the biggest exchange, Binance, now supports deposits and withdrawals for USDT residents on Polkadot.
The current outlook for Polkadot price analysis remains bearish as the market witnessed another significant decline today. The price levels have plunged to $5.24, displaying a consistent downward trend since yesterday, when bears seized control and shifted the momentum in their favor.
The price action of Polkadot showed a lack of initiative from the buyers, while the indicators showed a strong trend in either direction was not in progress
Bitcoin and altcoin prices continue to slump, but potential progress on the debt ceiling discussion could possibly produce a price reversal.
Polkadot (DOT) is in the red today as the bears seek to regain control over its price. DOT traded at $4.37 on January 1, 2023, and increased to $5.13 on January 11.
As the sixth month of 2023 approaches, and the majority of the cryptocurrency market is either swimming in the sea of red or recording modest gains at best, some digital assets may have failed to grab the attention of crypto traders and investors over their low cost per unit.
The leading decentralized exchange (DEX) protocol, Uniswap, has announced its decision to expand its operations onto the Polkadot network via the “Moonbeam” parachain in a momentous move that promises to revolutionize the decentralized finance (DeFi) scene. This strategic choice could usher in a new era of cross-chain liquidity, improving the DeFi ecosystem's effectiveness and scalability.
Polkadot price analysis shows hints of an uptrend developing gradually, after price rose 1 percent over the past 24 hours to reach the $5.5 mark. After spending the current month in a sideways pattern, DOT price has largely struggled just above the $5 support zone.
By teaming up with Linea, Manta is launching so-called zkSBTs that prove identities without leaking any personal details.
Polkadot price analysis shows price in continued bearish trend, after price lowered to $5.23 over the past 24 hours. DOT has remained in a sideways trend on the daily chart since May 8, when price was at $5.6.
The Polkadot price analysis reveals a bearish market after the recent sharp drop in prices. Despite short-term signs of support at $5.29, the overall trend appears to be heading downward as sellers take control of the market and keep prices suppressed.
The March lows at $5.12 were also where an H12 bullish order block from 10 March sat, showing that the $5.1 area was a support zone for Polkadot
