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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Polkadot Price On The Verge Of Massive Breakout, Can It Reach $25?

Polkadot (DOT) has come under the spotlight with crypto analysts laying out bullish narratives for the crypto asset. One of them is crypto expert Michaël van de Poppe, who believes Polkadot could rise to as high as $25 in this bull run.  Polkadot Could Reach $25 On Next Leg Up Michaël van de Poppe mentioned in an X (formerly Twitter) post that Polkadots next rally will see it climb between $20 and $25. He explained that the crypto token has seen a substantial correction in the past months, but it showed enough strength by coming back to pre-rally levels. The analyst further claimed that Polkadot has bottomed, especially since JAM Whitepaper came out. Related Reading: PEPE Whales Go On Massive 720B Shopping Spree Amid Campaign For New ATHs, Is It Time To Get In? As such, he believes that Polkadot is more than primed for this rally, which could propel it to such heights. The crypto analyst has been a big believer in Polkadots potential. He previously included Polkadot in a list of crypto tokens that he believes are undervalued. He claimed that DOTs valuation was still at a cycle low, which had opened up a huge opportunity to invest in it.  Van de Poppe is very much invested in Polkadot because of its technology. In a previous X post, he highlighted how the JAM (Join-Accumualte Machine) Paper, which ushered in Polkadot 2.0, would revolutionize DOTs ecosystem. He also claimed that Polkadot is the second largest blockchain in terms of developers and growth. Therefore, he expects DOTs price to complement the teams efforts soon enough.  Meanwhile, Van de Poppe expects Polkadot to reach as high as $20 in the third quarter of this year. For now, he believes that the $8 and $17 range are crucial resistance levels that the crypto token must break out of to enjoy such a parabolic rally.  A More Bullish Prediction For DOT Crypto analyst Crypto Thanos offered a more bullish prediction for Polkadot, stating that the crypto token climbing above $50 is easily achievable in this bull run. He believes this price is attainable because he expects institutions to get interested in large caps like Polkadot. He also noted Polkadots collaboration with Tie, which aims to increase institutional exposure and access.  It is worth noting that Polkadots all-time high (ATH) is currently $55, which makes Thanos prediction for the crypto token feasible. Crypto tokens are known to usually surpass their ATH in every bull run.  Related Reading: Why Is This Crypto Pundit Warning XRP Investors To Be At Alert For The Next 3-12 Months Crypto analyst Captain Faibik provided insights into what to expect from Polkadot in the short term. He predicts the crypto token will record a 35% bullish rally soon enough. He said a major trendline breakout/retest has already been confirmed for DOT on the four-hour timeframe chart.  At the time of writing, Polkadot is trading at around $7.11, up over 2% in the last 24 hours, according to data from CoinMarketCap.  Chart from Tradingview.com

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Chainlink jumps on partnership with leading Oracle provider as AI altcoin aims to outpace Polkadot

A recent collaboration between Chainlink Labs and the Australia and New Zealand Banking Group (ANZ) has set a new benchmark, demonstrating the potential of interoperable blockchain solutions. Meanwhile, an emerging crypto, InQubeta, is making waves, positioning itself among the top ICOs that could be set to outpace established platforms like Polkadot. Chainlink and ANZ unveil game-changing integration The […]

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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, Kusama analytics go live on Dune

Dune, a leading data analysis and visualization platform, has introduced comprehensive analytics for Polkadot (DOT), Kusama (KSM) and six top parachains. An announcement the platform shared on March 19 stated that Dune has integrated with indexer Colorful Notion to facilitate this. Now users can access Polkadot ecosystem data to Dune users for the first time. […]

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Polkadot price prediction: DOT ahead of ETHDenver 2023

Polkadot joins the ETHDenver BUIDLing event on 28 February. DOT price is down on Friday as broader markets fall following US PCE data. The technical outlook for DOT price suggests bulls need to hold above $6.35 or bears could take control. Polkadot will next week be one of the highlight projects at the ETHDenver 2023 […]

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The Best Crypto Staking Platforms To Earn Passive Income in 2023

Crypto investors can benefit from advanced financial services through decentralized applications and blockchain networks. Not only do cryptocurrencies represent lucrative investment opportunities, but users can also stake to earn a passive yield. This can boost the overall return on investment and provide a passive income for anyone, anywhere in the world. Here are the best […]

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Polkadot prediction as price embarks on a relief rally from the $4.2 bottom

Polkadot had the second-highest development activity in 2022 DOT price has heavily disappointed since the 2021 ATH but has recovered lately DOT faces resistance at $5 and may correct downwards Polkadot (DOT/USD) buyers are struggling to break above $5. A technical outlook shows the cryptocurrency has been rejected at the building resistance for the second […]

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Polkadot price will not recover in 2023 until this happens

Polkadot price plunged hard in 2022. The decline was caused by both internal and external factors. It will only recover if the Fed shifts its tone and its ecosystem rebounds. Polkadot price plunged by more than 84% in 2022m capping its worst year on record. DOT slipped to a low of $4.2, which was lower […]

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Polkadot token disappoints again. What could be its next price?

The Polkadot token has crashed by double digits in the past two weeks The cryptocurrency was among the tokens heavily shorted on major exchanges DOT maintains a downtrend and the next level to watch is $3.9 Barely two weeks ago, bets against many altcoins were on the rise. Santiment data indicated that Polkadot (DOT/USD) was […]

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Polkadot (DOT) Price Analysis: June 8

On June 8, the bullish DOT price analysis is at $10.84. DOT’s bearish market price analysis for June 8, 2022,

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Polkadot Aims To “Bridge” Crypto’s Bridge Issue With XCM Messaging

Polkadot has launched a brand-new cross-chain communications protocol, stating that it will help get rid of problematic bridging mechanisms. XCM ...

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Polkadot Unveils Fifth Location for Flagship ‘Polkadot Decoded’ Event

Polkadot adds Buenos Aires as fifth location of Polkadot Decoded Event. The four remaining locations are Berlin, New York, Mexico ...

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Moonbeam Officially Launches on Polkadot; Token Pumps 35%

Moonbeam is one giant leap for Polkadot and the future of interoperability. Don’t be surprised to see your favorite dApps on Moonbeam with its EVM focus. Covered: Moonbeam Network is Live What Exactly Does The Protocol Do? Moonbeam Crypto Has Made History in the L1 Space What’s Next For Moonbeam? Moonbeam Network is Live Last […]

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Dogizen eyes market debut as 21Shares files for Polkadot spot ETF

Dogizen, the first Telegram game with an initial coin offering, is poised for a major market debut when its presale ends in under a week. At over $3.8 million in early bids so far, Dogizen (DOGIZ) stands out as one of the top presale projects in the market in early 2025. Meanwhile, there’s notable interest […]

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Polkadot Price Predictions Set To Soar as AltSignals’ ASI Token Hits the Market. Will The New Crypto Asset Beat Polkadot?

Early 2023 has seen a long-term trend reversal in the crypto markets, as Bitcoin has started to reclaim previous price levels, and many altcoins have reached new highs. The Polkadot price prediction remains bullish over the coming years, while AltSignals (ASI), a new crypto asset launched during this period, has been attracting significant investment already. […]

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The Top 12 Best Long Term Crypto Investments Poised For Massive Gains in the Coming Years

Cryptocurrency is the most profitable asset class in history, which is why so many investors are constantly looking to uncover the best options for long-term gains. While there are inherent risks with investing in the crypto space, there are countless great options as some of the best cryptos to invest in for the long-term are […]

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Polkadot Holds Key Demand Level DOT Could Hit $11 In Coming Weeks

Polkadot (DOT) has entered a consolidation phase, trading below the $6 mark after a strong 30% rally since last Friday. This period of sideways movement has brought some volatility, but market conditions suggest DOT might be gearing up for its next major move. Investors watch the asset closely as it maintains a bullish structure despite [...]

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Polkadot ETF Filing Sparks Optimism, DOT Poised For Bullish Breakout Towards $24

Polkadot (DOT) is showing resilience by maintaining its position above a critical support level, signaling a potential recovery and gearing up for a significant upward move. Recently, DOT faced a turbulent period, with its value declining amidst broader market challenges. Over the past week, the cryptocurrency has dropped nearly 13%, reflecting the market-wide sell-off triggered […]

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Crypto price prediction: Render Token, Solana, Polkadot

Cryptocurrencies remained under pressure this week after the SEC went to war with the industry. The SEC sued Binance and Coinbase, the biggest exchanges in the industry. We explain what to expect with Render Token, Polkadot, and Solana. Cryptocurrencies had a difficult week after the Securities and Exchange Commission (SEC) went to war with the […]

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