Polkadot Treasury Faces Impending Funding Crisis: Limited To 24 Months Before Exhaustion

The recent report released by the Polkadot Treasury for the first half of 2024 has raised concerns over an impending funding crisis. The report indicates that the Treasury’s assets, spread across multiple chains, have become increasingly complex and challenging to manage effectively.  Decentralized finance (DeFi) researcher DeFi Ignas has analyzed the report, highlighting the Treasury’s [...]

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Polkadot Can Target $10 Next, but Heres the Catch (DOT Price Analysis)

Polkadot faces a significant challenge in reclaiming a decisive resistance region encompassing the $7.5 mark, the 100-day moving average, and critical Fibonacci levels. This resistance range can potentially halt upward pressure in the short term. Technical Analysis By Shayan The Daily Chart A comprehensive daily chart analysis highlights Polkadot’s prolonged struggle to breach a crucial […]

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Calm Before the Storm: DOT Ready to Rally to $9? (Polkadot Price Analysis)

Polkadots price has been consolidating over the past couple of months, following a steep decline in early April. Yet, things might be changing for the better. Technical Analysis By TradingRage The Daily Chart On the daily chart, the cryptocurrency has been range-bound inside a rising wedge pattern. This is a classical bearish reversal or continuation […]

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Crypto Price Analysis June-15: ETH, XRP, ADA, DOGE, and DOT

This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polkadot. Ethereum (ETH) Ethereum lost its bullish momentum this week and closed it with a 4.4% loss. Sellers took over the price action and pushed this cryptocurrency to the key support at $3,500. However, this pullback could turn out to be a […]

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Is the Worst Over for DOT or More Pain to Come? (Polkadot Price Analysis)

Polkadot’s price has been consolidating sideways near the critical resistance region around the $6.5 threshold. A slight bullish reversal might occur in the short term due to the potential heightened demand near this pivotal level. Technical Analysis By Shayan The Daily Chart The daily chart shows Polkadots bearish momentum faded after reaching the substantial support […]

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What Can We Expect from the Polkadot Price in the Near Future? (DOT Price Analysis)

Polkadot buyers were unable to surpass the critical resistance at $7.5, resulting in a significant 7% decline due to increased selling pressure. The cryptocurrency has now reached a decisive support level, and the upcoming price action will be crucial in determining Polkadot’s future trend. Technical Analysis By Shayan The Daily Chart A detailed daily chart […]

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Is Polkadot Bound for a Massive Move Following Consolidation Around $7? (DOT Price Analysis)

Following a bounce from the lower boundary of the current price range at $6.4, Polkadot experienced a surge, reaching the upper threshold, coinciding with a significant resistance area. Consequently, a slight rejection is anticipated, with the price targeting the lower part of the range. Technical Analysis By Shayan The Daily Chart Upon close examination of […]

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Record-Breaking Q1 For Polkadot: Daily Active Addresses Hit 514,000 As DOT Price Surges 7%

According to a Messari report, the Polkadot (DOT) blockchain protocol made significant progress in the first quarter (Q1) of the year in terms of market capitalization, revenue, and Cross-Consensus Message Format (XCM) activity, as well as a record increase in daily active addresses. DOTs Market Cap Surges 16% QoQ During Q4 2023, Polkadots market capitalization [...]

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Crypto Price Analysis May-03: ETH, XRP, ADA, SHIB, and DOT

This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Ethereum (ETH) Ethereum broke under $3,000 and closes this week with a 5% loss. This latest crash in the price made a lower low which shows bears are still in control of the price action. The current support is at […]

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Polkadot Price Analysis: Has DOT Bottomed and is $9 the Next Target?

Polkadots price has been on the decline for a while now, since reversing to the downside in March, Yet, the market might recover soon. Technical Analysis By TradingRage The Daily Chart On the daily chart, DOTs price has been making lower highs and lows since being rejected from the $12 resistance level. The $9 mark […]

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Bears Seem in Control, Is DOT About to Drop Toward $6.5? (Polkadot Price Analysis)

A constant consolidation near the substantial resistance region of $7.4 indicates an ongoing battle between Polkadot buyers and sellers. Nevertheless, the market is in a critical spot, with the upcoming price action shedding light on DOTs future prospects. Technical Analysis By Shayan The Daily Chart A detailed examination of Polkadot’s daily chart reveals an uncertain […]

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Calm Before the Storm? DOT Eyes This Level to Trigger Mass Liquidations (Polkadot Price Analysis)

Polkadot’s recent price action has been characterized by steady but uncertain movements within a defined range, highlighting a balance between buyers and sellers. However, a decisive breakout from this range is imperative to determine its future trajectory. Technical Analysis By Shayan The Daily Chart On the daily chart, Polkadot has been trapped within a defined […]

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Polkadot Price Analysis: DOT Tumbles 7% Weekly but the Bulls May Be Staging a Comeback

Polkadots price has been dropping rapidly over the last couple of months and is yet to show any sign of slowing down. However, the cryptocurrency might soon begin a bullish rebound. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been on an aggressive decline since a rejection from the […]

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Is Polkadot Primed for a Major Move Following Extended Consolidation? (DOT Price Analysis)

Polkadot has been undergoing a prolonged corrective consolidation around the critical $6.5 support level, with the price retracing slightly toward the 100-day moving average. However, the short-term expectation is to continue this corrective consolidation phase. Polkadot Price Analysis: Technicals By Shayan The Daily Chart A comprehensive analysis of the daily chart shows a swift rebound […]

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Polkadot Price Analysis: DOT Consolidates in Critical Area as Bulls Eye $9 Push

Polkadot’s recent price movement has seen it finding support from the crucial 200-day moving average, prompting a bullish retracement. However, despite this upward trajectory, the cryptocurrency faces several critical resistance levels ahead, casting doubt on the sustainability of the bullish retracement. Technical Analysis By Shayan The Daily Chart A thorough daily chart analysis reveals a […]

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Crash to $6 or Surge to $8: Which Comes First for Polkadot? (DOT Price Analysis)

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 […]

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Polkadot Unveils Major Upgrade Plan: Relay Chain Replacement And 10M DOT Prize Incentive

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 the central data chain in the Polkadot network, with a “more modular and minimalist design” that will allow Polkadot to run generic services and increase network stability.  Related Reading: Ripple CEO Walks Back $5 Trillion Crypto Marker Prediction, Unveils New Target The parachains service within JAM will support existing Substrate-based parachains, enabling developers to continue using Substrate to develop and deploy their blockchains.  Notably, these services will have no predefined limits on code, data, or state capacity and can accommodate additional DOT deposits for increased capacity. JAM’s design includes several technical improvements. It replaces WebAssembly with the Polkadot Virtual Machine based on the RISC-V ISA, an open-source instruction set architecture (ISA) used to develop custom processors. It also introduces SAFROLE, a SNARK-based block production algorithm. These upgrades are reportedly designed to optimize performance and scalability within the Polkadot network. On The Path To Decentralization? To realize the vision of a truly decentralized protocol, Polkadot aims to support multiple client implementations. Furthermore, the JAM Implementer’s prize has been established to incentivize and fund projects contributing to the development of JAM implementations. The announcement further reads on the matter: We believe that supporting a range of implementations in various programming languages will strengthen the ecosystems foundation. It distributes the power of protocol implementers more widely and reduces the risk of a bug in one implementation taking down the entire network. The JAM Implementer’s Prize will collaborate with existing and future funding initiatives that support Polkadot’s ecosystem and technology stack. These initiatives include Decentralized Futures, Grants, and Polkadot’s on-chain treasury.  The prize will be activated when JAM is ratified as a Polkadot technology through the network’s on-chain governance mechanism. Related Reading: Railgun Among Crypto Market Top Gainers: Why Is RAIL 53% Up? Overall, Gavin Wood’s introduction of the JAM upgrade and the associated 10 Million DOT prize reflects Polkadot’s intention to increase the protocol’s use and adoption. JAM’s modular design and incentives for multi-client implementations are also expected to contribute to ongoing efforts to decentralize the Polkadot network.  As JAM development continues, the Polkadot ecosystem welcomes proposals from teams interested in implementing it in various programming environments. Despite the recent announcement, the network’s native token, DOT, has been unable to break the downtrend witnessed over the past month. Currently trading at $6.75, it reflects a significant 24% decline in price over the last 30 days. Featured image from Shutterstock, chart from TradingView.com

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Polkadot is BACK in the Top 10 Biggest Cryptos – Buy DOT?

In this Polkadot price prediction article, we take a fundamental look at the Polkadot project and analyze DOT technically.

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TA – Polkadot Price Shows Strength, Eyes $10

The price of Polkadot (DOT) shows strength after bouncing from key support on the weekly chart against Tether (USDT). After Bitcoin (BTC) bounced from its monthly low of $19,000, this signaled a relief for other crypto altcoins including the price of Polkadot. (Data feeds from Binance) Related Reading: SOL Loses $40 After The Exploit – What’s The Next Support? Price Analysis Of Polkadot On The Weekly (1W) Chart   From the chart, the price of DOT saw a weekly low of around $6.50, where it has formed support. The price has built more momentum as it faces resistance at $10. A break above the $10 mark, the price of DOT would rally to $12. If the price of DOT on the weekly chart fails to break the $10 mark, then a retest is bound at $8.62. The weekly relative strength index for DOT price is 36, indicating more buy bids after bottoming out on the weekly low. The volume shows decent buy bids, which will push the price of DOT higher. Weekly resistance for DOT price – $10. Weekly support for DOT price – $6.50.   Price Analysis Of Polkadot On The Daily (1D) Chart The price of DOT found strong support at around $6.50, with what seems to be the bottom on the daily chart. DOT has continued to rally above this support region of $6.50 to a high of $9, where it has faced resistance. DOT’s price is at $8.40 at the point of writing; it is trading above the 50 & 200 exponential moving averages (EMA) The 50 & 200 EMA with prices of $8.20 and $8 would act as support respectively for DOT price in case it drops due to weekend sell-offs. If the 50 & 200 EMA region fails to hold the price, $7.92 would be a good support to hold sell-offs and a possible bounce of DOT price. With more buy bids, we could see the price of DOT retesting at $9.18, which has been resistance on the daily chart. RSI for DOT price on the daily chart is above 60, indicating healthy buy bids for DOT. Volume on the daily timeframe indicates positive signs for DOT prices to trend higher. Daily (1D) resistance for DOT price – $9.18, $10. Daily (1D) support for DOT price – $7.92, $7.55, $7.20. Price Analysis Of Polkadot On The Four Hourly (4H) Chart DOT has shown great strength on the 4H chart after bouncing off from its support. After rejection in the price of DOT at $9.10, the price dropped to the 50 EMA mark at $7.95 which has formed good support in case of a sell-off in DOT price. DOT  is trading at $8.47 above the 50 & 200 EMA on the 4H chart, haven rallied from a low of $6.50. The price has formed a trendline acting as a resistance for DOT price, this would be invalidated only if the price breaks below the trendline. Four Hourly (4H) resistance for DOT price – $9.10, $10. Four hourly (4h) support for DOT price – $7.95, $7.67 Related Reading: TA: Bitcoin Price Could Narrowly Avoid a Major Downtrend, Here’s How Featured image from zipmex, Charts from TradingView.com

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Polkadot Price Prediction 2022: Market Analysis and Opinions

The idea that 2022 could give Polkadot more runway ahead of it as momentum for DOT continues to build will be examined at length in this Polkadot price prediction. While the 300% return made in 2021 is certainly the reason for bullish DOT price prediction, we’ll explore bearish scenarios as well.  Polkadot was on a […]

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