Polkadot

In a bid to enhance user experience and reduce confusion, the Bifrost community has put forth a proposal to align its address format with the Polkadot address format.  Why Address Standardization? In a series of tweets on X.com, Bifrost co-founder Lurpis Wang put forth the proposal for the unification to simplify the interaction process for users, partners, and exchanges by standardizing the address format across the two networks.  Currently, each parachain within the Polkadot ecosystem uses different address formats, which…

Boston, Massachusetts, September 11th, 2024, Chainwire Hyperbridge sets a new benchmark for secure, scalable, and verifiable cross-chain communication, launching with the highest economic security in the market. The Web3 Foundation, in partnership with Scytale Digital, has led the seed funding round for Hyperbridge, a groundbreaking protocol poised to transform blockchain interoperability. This investment marks a significant milestone as the Web3 Foundation's inaugural funding initiative, highlighting Hyperbridge's critical role in the rapidly expanding Web3 ecosystem. Hyperbridge is emerging as a leader…

Centrifuge, a real-world asset (RWA) solution and a Parachain, has a plan for Polkadot, a smart contracts platform. In a proposal, the RWA platform suggests that the newly created Polkadot Community Foundation allocates $3 million USDC to their T-Bill pool. This pool is held within the Anemoy Liquid Treasury Fund and aims to serve multiple objectives. Centrifuge Wants Polkadot To Invest $3 Million In T-Bills In their proposal, allocating the $3 million to T-Bill as an investment will benefit the…

Polkadot (DOT) registered an impressive recovery over the weekend after dropping to an intra-day low of $3.82 on Friday, bringing its multi-year support level into focus once again. However, DOT’s recovery has stalled during the ongoing session after it failed to move past the 20-day SMA, which is acting as a dynamic level of resistance. Polkadot (DOT)’s Relief Rally Stalls Polkadot’s push to $5 came to an abrupt halt on August 24 after buyers lost momentum after reaching a high…

Polkadot had yet another tumultuous week. $DOT dropped below its critical support on Friday after the price dropped to $3.82. Since reaching its low, $DOT climbed back above $4. Can the price, however, manage to hold its position?  After yet another volatile week, Polkadot ($DOT) is again trading above its $4 support after sellers dragged the price down to $3.82 on Friday.  $DOT Loses Ground $DOT has recently struggled to maintain its support levels and lost the $5 price level…

Polkadot (DOT) has climbed back above $4 after dipping below the crucial support level on Friday when sellers dragged the price to a low of $3.82. DOT has struggled in recent months, losing the $5 price level at the beginning of August and dipping to its multi-year support level of $3.62. It recovered from this low, charting a steady path back towards $5. By August 24, DOT reached a high of $5.11 before turning bearish and slipping below $4 during…

Polkadot announces its participation in the Token 2049 event in Singapore, where it will showcase the latest technological advancements and developments in the Polkadot ecosystem.  Immersive Booth Experience Leading blockchain network Polkadot has announced its participation in the upcoming Token 2049 event in Singapore, scheduled from September 18 to September 19.  At the event, Polkadot plans to offer an immersive experience for attendees at its booth, strategically located at Booth P34 and P43. The booth will feature five distinct stations,…

The post Can Litecoin and Polkadot Make New Highs This Cycle? Analysts Believe Rollblock Is The Better Bet appeared first on Coinpedia Fintech News When it comes to the biggest gains in any bull cycle, the newest cryptos have always brought the most exciting and jet-fueled returns. Legacy cryptos Litecoin (LTC) and Polkadot (DOT) were both touted as being the best new crypto back when they launched, but after a poor cycle last time around, can either of them regain…

Polkadot (DOT) is struggling below $5.00 against the US Dollar. The price must settle above the $4.35 and $4.50 resistance levels to start a decent increase. DOT declined steadily below the $5.50 and $5.00 levels against the US Dollar. The price is trading below the $5.00 zone and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $4.18 on the hourly chart of the DOT/USD pair (data source from Kraken). The…