Polkadot

TL;DR Polkadot (DOT) has seen a recent 5% increase in price, with predictions from multiple analysts suggesting a potential rally that could elevate its value to $15 or even $20 by the end of next year. Some prominent traders also view the asset as a good investment at the moment. Is DOT Ready for a 100% Rally? Polkadot’s native cryptocurrency – DOT – has recently entered green territory, with its price jumping by 5% on a weekly scale and briefly…

Polkadot (DOT) is showing signs of a recovery. It bucked its downward trajectory after finding strong support at the $6.40 mark. DOT has been on a downward spiral for over a month but now stands at a crucial juncture. A potential breakout could see the cryptocurrency surge past the $8 mark. Polkadot (DOT) Recovers Over Weekend Has DOT turned a corner? A look at the daily price chart shows a strong recovery over the weekend. DOT had seen a significant…

After a period of subdued consolidation near the crucial $6 support region, Polkadot’s price encountered significant buying pressure, initiating a notable upward swing. As a result, the crucial 0.5 Fibonacci level ($8.8) appears to be Polkadot’s next mid-term target. Polkadot Price Analysis: Technicals By Shayan The Daily Chart As part of our comprehensive Polkadot price analysis, we examined the notable recent changes in the market behavior. A closer look at the daily chart reveals that after consolidation around the significant…

Despite a bearish start to the month, Polkadot (DOT) regained momentum and currently trades above $7.00.  Despite following a downward trajectory in early April and recording losses of over 20% in the past month, Polkadot (DOT) managed to claw its way back up to trade above the critical $7.00 mark. While the past week saw DOT gain over 8%, the question now looms: Can it hold its position?  Anticipation of Bitcoin Halving Drives Market Up After a rocky red stint…

Polkadot founder Gavin Wood has introduced the Gray Paper that outlines the upcoming Join-Accumulate Machine (JAM) upgrade for the network. Wood made the announcement during his presentation on Polkadot’s future at the Token2049 crypto conference in Dubai.  The Future Of Polkadot According to Wood, JAM is a groundbreaking protocol that merges elements from Polkadot and Ethereum. In a post on X, Polkadot stated that the unveiling, coming a decade after the release of the Yellow Paper, is a significant evolution…

Gavin Wood, the founder of the Polkadot protocol, has unveiled a new Gray Paper outlining the forthcoming Join-Accumulate Machine (JAM) upgrade for the network. This announcement occurred during Wood’s presentation on Polkadot’s future at the Token2049 crypto conference in Dubai.  Wood introduced the JAM Implementer’s Prize, a 10 Million DOT prize pool, to encourage diverse development of the JAM protocol.  Polkadot Unveils JAM Upgrade According to the announcement, the JAM upgrade aims to replace the relay chain, which acts as…

Polkadot’s recent price action has been characterized by subdued movement and minimal volatility following a swift decline toward the $6 level. However, the cryptocurrency finds itself at a crucial juncture, with a potential breakout poised to determine its next direction. Polkadot Price Analysis: Technicals By Shayan The Daily Chart A thorough analysis of the daily chart reveals a period of consolidation around the $6 mark, marked by low volatility and indecision in the market. This suggests a looming battle between…

The Polkadot community has proposed a $8.8 million sponsorship deal with Lionel Messi’s Inter Miami football club as the protocol is to amplify its global presence.  The sponsorship would feature Polkadot’s branding on Inter Miami’s training kits for the 2024 and 2025 seasons.  Polkadot Eyes Inter Miami Partnership  The Polkadot community believes the partnership would help the protocol achieve substantial global reach and exposure through the football club and the presence of footballing icon Lionel Messi, as well as help…

Polkadot has seen a significant price drop over the past few days, but it has found much-needed support around the $6 mark. The price is currently at $6.54. DOT has failed to make any gains during the ongoing week and has remained below the crucial $7 mark, with price movements remaining relatively subdued. Polkadot (DOT) Locked Within Decisive Range The past few days have seen DOT stem its fall to a certain extent, with the daily chart showing subdued price…