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Ether has broken out of its triangle and that may pull Bitcoin price above $30,000.

Polkadot becomes the best-performing cryptocurrency in 30 days. How did this affect DOT?

The Polkadot (DOT) protocol is seeing a very mild bullish turn today following its 0.33% growth over the past 24 hours to peg its price at $5.77. Based on its current outlook, however, the digital currency is down by 1.86% over the trailing seven-day period.

Deloitte has partnered with a parachain project on the Polkadot ecosystem. This will enable the firm to enhance digital ID protocols.

Deloitte Switzerland has recently announced its partnership with Polkadot's KILT protocol to enhance its Know-Your-Customer (KYC) solution. The move highlights the growing interest in the use of blockchain technology to improve compliance processes, particularly within the financial industry.

Over the last week, Polkadot (DOT) has had trouble gaining traction, falling by 8.41% from April 30 to May 4. However, the price is trading sideways and there might be a modest recovery next week as investors take advantage of this dip to acquire more DOT.

Deloitte, one of the world's largest accounting firms, is integrating the KILT blockchain, a Polkadot parachain focusing on decentralized identities and verifiable credentials, Polkadot announced on May 4. Deloitte will use KILT to support its know-your-customer (KYC) and know-your-business (KYB) processes, which are vital to protect institutions against fraud, corruption, money laundering, and other crimes.

Deloitte Switzerland recently announced its partnership with Polkadot's KILT protocol to enhance its Know-Your-Customer (KYC) solution. This development highlights the growing interest in the use of blockchain technology to improve compliance processes, particularly within the financial industry.

Polkadot [DOT] seems ready for price reversal. However, its short-term prospects depend on how the market will price in the FOMC announcement.

The Polkadot price analysis shows that the cryptocurrency has undergone a loss once again. After the bullish price function of yesterday, the bearish pressure has returned, and bears have taken the lead again.

Bitcoin and select altcoins are showing a continuation pattern, indicating indecision among the bulls and the bears.

DOT's latest price underscores the push and pull that has been going on between the bulls and the bears since the last week of April. In other words, Polkadot's social metrics have not had much of an impact on DOT's price action.

The Polkadot price analysis reveals that the buying activity that began at the conclusion of yesterday's trading session continued today and has intensified further over the past eight hours, favoring the bullish side.

Registered financial institution Virtune said Tuesday that it has launched a multi-asset crypto exchange traded product (ETP) on the Nasdaq Stockholm stock exchange in collaboration with crypto index provider Vinter.

Polkadot was one of Tuesday's biggest movers, as the token dropped to a six-week low in today's session. Prices fell for a long-term support point of $5.60, as the global crypto market cap was once again 1% lower today. Avalanche also hit a price floor on Tuesday.

The crypto market starts May month on a bearish note as the leading cryptocurrencies Bitcoin and Ethereum witness significant outflow. Though this downfall can temporarily pause recovery in several cryptocurrencies the overall market sentiment remained bullish.

Despite new development on dApps on Polkadot's network, the activity on the network continued to decline. dApps across all parachains lost users and traction.

The Polkadot price analysis reveals a further decrease in price levels given that the current price is $5.85. The trend has been bearish, as the price levels have been dropping since yesterday.

TL;DR Breakdown Polkadot price analysis suggests downward movement to $5/80 The closest support level lies at $5.90 DOT faces resistance at the $6.00 mark The Polkadot price analysis shows that the DOT price action has broken above the $340.00 mark as the bulls show strong momentum.

Cosmos Hub's DEX facilitates the incorporation of its technology on Polkadot. Activity continues to decline on the network.

Two largest networks of the DotSama ecosystem, Polkadot (DOT) and its "sister chain" or "canary network" Kusama (KSM) are now connected to each other via a seamless bridge. The new mechanism employs the Inter-Blockchain Communication (IBC) standard of the Cosmos (ATOM) ecosystem.

Polkadot price analysis suggests a strong bullish trend for today, as the coin has raced higher after crashing down at the start of the trading session. A considerable rise in coin value was detected throughout the day, and the bullish momentum has placed DOT as one of the early recoverers from today's market crash.

Polkadot ($DOT), a blockchain network often described as a “blockchain of blockchains,” has maintained its position as the leading cryptocurrency network by development activity, after surpassing Cardano ($ADA) earlier this year.

Polkadot price analysis reveals that DOT/USD is currently in a bearish trend after a brief period of price consolidation. The crypto asset has lost over 0.69 percent in value in the last 24 hours and is currently trading at $5.86.