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The crypto gaming industry is expected to grow tremendously over the coming decade. Blockchain-based gaming has exploded by 2,000% since Q1 2021, according to Coindesk, and now, investors are seeking to benefit from this budding industry. Two projects at the forefront of Play2Earn and GameFi are Polkadot and Metacade.
Polkadot price analysis is bearish today, as we have seen consolidation and failure to recover over the last 24 hours. Therefore, DOT/USD is ready to decline further and push back toward the $5.48 support.
73 recently Polkadot fell right beneath the $6.
Polkadot price analysis confirms an increasing trend for cryptocurrency today as the coin value has increased tremendously, reaching above $5.81, the resistance level for DOT/USD is at $5.95 and the support level is at $5.69.
A bullish reversal from the wedge pattern's support trendline triggers a new bull cycle for the Polkadot price. Under the influence of this pattern, the buyers may drive the potential upswing to the overhead resistance.
In the weekly time period, the Polkadot (DOT) price has not yet managed to overcome significant resistance levels.
Polkadot (DOT) is in a downtrend as it falls below the moving average lines. The cryptocurrency's price dropped to a low of $5.34 before it started to fluctuate back above the existing support.
Polkadot price analysis shows the coin crashed hard as the market took a dip today. DOT has been on a downtrend since the start of today as the bulls failed to hold support at $5.91.
Ledger has launched enterprise staking of ETH & DOT, through Ledger Enterprise, the platform that empowers enterprises to secure and grow their digital value. This is enabled through its newly launched network of trusted staking providers, beginning with Kiln and Figment.
Polkadot price analysis is going bullish for today as it reveals that the price has been following an upward movement today, as the bulls have constantly been striving for the lead. Bulls have finally dodged the ongoing bearish trend as the coin was on the decline previously.
The current climate within the cryptocurrency industry is one that requires careful planning and strategizing to ensure the security and continuity of businesses. This much has become evident following the continuation of the bear market.
The most recent Polkadot price analysis shows signs of bullish activity as the price level has been at least maintained since the past 24 hours with some increase as well. The price has been uplifted to $5.90 as a result of the bullish pressure and is expected to upgrade even more.
Polkadot moved ahead of Solana in terms of Market Cap Polkadot also outperformed Solana in terms of development activity and staking revenue However Polkadot's volatility is still on an uptrend In what is a recent development, Polkadot [DOT] flipped Solana in terms of marketcap.
In the past two trading sessions, Polkadot's price dropped by more than 5 per cent, partly due to controversy surrounding the industry
The Industry Talk section features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com.
Polkadot price analysis is bearish for today as DOT remains stuck in a downtrend. The cryptocurrency needs to break above the trendline to form an uptrend and see any significant upward movement.
The Polkadot price has yet to break above crucial resistance levels, and on-chain metrics for DOT aren't suggesting much respite for holders. The post Polkadot Funding Rate Turns Bearish, Will DOT Price Dip Below $6?
6% retracement level Two lower timeframe support zones to watch out for in the near-term On lower timeframes, Bitcoin [BTC] had a bearish outlook after its inability to defend
Polkadot price analysis for today shows that the cryptocurrency has broken below the $7.00 level, indicating a potential downside movement in prices. Currently, support for DOT prices is found at $6.68, with resistance seen at $7.14.
The token went up 12% over the weekend but has since gone down 5%.
A top executive of the development team behind Polkadot (DOT) is asserting to the U.S. Securities and Exchange Commission (SEC) that the interoperability blockchain's native token no longer counts as a security.
Web3 Foundation, the company responsible for Polkadot and Kusama, has announced that Polkadot native token DOT is now software and no longer a security. The Foundation claimed that the announcement is premised on its three years of active engagement with the US Securities and Exchange Commission (SEC) which started in November 2019.
Polkadot, in an out-of-the-ordinary tweet, stated that the DOT token, despite being marketed a security, was no longer a security. Instead, it had transformed into a software.
The Web3 Foundation in a recent press release, came at SEC regarding the DOT, stating the regulator should not classify it as a security. According to the foundation, DOT is just a mere software.
