Polkadot

For the first time in history, a cryptocurrency firm has used blockchain technology to select an athlete for a brand ambassador sponsorship deal. According to a press release sent to CryptoPotato, the Polkadot community just passed a vote to sponsor IndyCar racing star Conor Daly as Polkadot brand ambassador for the upcoming Indianapolis 500, an annual automobile race held at Indianapolis Motor Speedway. Daly as Polkadot’s Indy 500 Ambassador The Indy 500 race is slated for May 26, and the…

The overall crypto marketcap has bumped by 0.4% in the past 24 hours and is currently trending at $2.77 trillion. Here is an overview of how BTC, ETH, and DOT are doing before we get into the technical analysis: BTC: $70,252 (-1.4%) ETH:  $3,618 (+1.4%) DOT: $8.87 (-0.1%) Bitcoin Price Analysis The Bitcoin price is trending upward. This Monday, BTC returned to $72,000 before retracing to below $70,000. As per the Fibonacci retracement lines, the price has dropped below the…

Polkadot appears to be bustling with activity, which is evident from the record-breaking number of active addresses on the blockchain and other metrics that depicted a bullish case. According to the latest stats by ‘Parity Data,’ Polkadot accumulated over 605,200 active addresses. Nearly half of them, around 248,000 out of 605,000, are associated with Moonbeam, the cross-chain smart contract platform that topped the charts, followed by 191,000 addresses that were directly established on Polkadot. Decentralized IoT network ‘Nodle’ trails behind…

The post These Altcoins Are Set To Explode After Bitcoin Halving: Polkadot (DOT), Avalanche (AVAX), NEAR Protocol (NEAR) and BlastUP (BLP) appeared first on Coinpedia Fintech News Bitcoin’s halving event often triggers a market spike, causing other cryptocurrencies to rise. With the anticipated 2024 bull run underway, the focus is shifting to select cryptocurrencies such as Polkadot, Avalanche, NEAR Protocol and new entrant BlastUP. Their potential to soar is attracting attention as investment opportunities in the burgeoning sector grow. BlastUP…

Polkadot has recently found support within a pivotal zone encompassing the price range delineated by the 0.5 ($8.9) and 0.618 ($8.2) Fib retracement levels and the influential 100-day moving average. This development, following a prolonged period of consolidation correction, indicates a potential bullish revival in the medium term. Technical Analysis By Shayan The Daily Chart Examining the daily chart, it is evident that Polkadot experienced a significant uptrend following a break above the 100 and 200-day moving averages in early…

Polkadot’s role in powering gaming innovation has continued to evolve with its Parachains. The protocol has seen a resilience in its price, drawing on broader ecosystem demand on DOT. Polkadot (DOT), a popular blockchain platform stands out as a promising force driving innovation in gaming through its robust infrastructure and support for smart contracts.  This article looks into smart contract chains with game applications, and game-specific chains Polkadot has supported in the past. Innovative Projects on Polkadot’s Ecosystem Some of…

The blockchain industry is witnessing a significant shift in dynamics as Sui, a pioneering Layer 1 blockchain platform, experiences a price surge following an enhanced partnership with Tencent Cloud, courtesy of Mysten Labs. This collaboration is set to revolutionize the Sui ecosystem, propelling its value to a new ATH. Amidst this evolving landscape, Polkadot faces a new challenger in the form of InQubeta, an AI-centric blockchain ICO gearing up for a significant market impact. Sui and Tencent Cloud Deepen Ties…

Bitcoin, the digital gold, has been experiencing a bit of a rollercoaster, partly thanks to a recent dip in ETF demand. But that’s not the only story worth your screen time. Enter Borroe Finance, a Polkadot AI challenger that’s shaking things up on the Polygon blockchain and making everyone rethink their investment game. Bitcoin Feels the ETF Chill First off, let’s talk Bitcoin. It’s been a wild ride, but recently, Bitcoin ETFs have been seeing some chilly days with a…

The post What Cryptos Should You Buy This April? – Polkadot, Litecoin & Scorpion Casino appeared first on Coinpedia Fintech News As April unfolds, investors are eager to identify the most promising cryptocurrencies to add to their portfolios. Among the plethora of options available, three standouts have captured the attention of seasoned investors: Polkadot, Litecoin, and the innovative newcomer, Scorpion Casino. Let’s explore why these cryptocurrencies are worth considering for investment this April and how they could potentially yield substantial…