Is Polkadot Preparing For A 100% Surge And Spike Above $20?

Polkadot, the interoperable blockchain, remains one of the largest and most popular networks in the top 20. At press time, DOT, the platform’s native currency, is 14th, ahead of Tron and the NEAR Protocol. However, despite recent gains, it is still down 87% from all-time highs, undeniably facing a brutal market correction. Even with this bearish sentiment, a wave of optimism is building around DOT’s future. Taking to X, one analyst thinks not only will the coin shake off weakness but will surge, rallying to over $20 in the coming months. Related Reading: Crypto Guru Unveils Best Altcoins To Buy Now This confidence, the analyst said, will be primarily because of crucial developments in the broader Polkadot ecosystem. Eyes On Polkadot 2.0, Better On-Chain Governance Of the many, the analyst thinks the upcoming Polkadot 2.0 upgrade will be a game-changer. Already, Polkadot is interoperable and scalable. However, once the new upgrade comes into play, the platform’s developers expect the network to be more interoperable, scalable, and with better governance. Specifically, to address scalability, they will eliminate the Parachain slot auction and introduce the concept of coretime. This feature will give developers more flexibility. Instead of bidding and locking resources in the auction, they must purchase block space dynamically as needed. This will improve resource allocation, leading to more accessibility and efficiency. Additionally, Polkadot developers are introducing the OpenGov system for more decentralized governance. The objective here will be to give all DOT holders a voice in decision-making, which is crucial in decentralized networks. JAM Upgrade Proposal Passed, Will DOT Bulls Break $8? The network is also preparing for more changes. The community recently approved the Join-Accumulate Machine (JAM) chain. The proposal, which was unanimously passed by the community, paves the way for developers to build services similar to Ethereum smart contracts directly on the Polkadot Relay Chain. Gavin Wood, the former Ethereum developer who introduced the proposal, said this would make the network more accessible. Related Reading: Notcoin Unstoppable! Token Soars Over 400%, Blazes New All-Time High Beyond network-related upgrades, the analyst also said that more DOT’s are being locked, which is a huge boost. Usually, with staking, coins are taken out of circulation, increasing scarcity. If more activity and the demand for DOT increases, it would positively impact the price, helping lift it from the current ranges. As of June 3, over 1.4 billion DOT were in circulation. By the fourth week of May, over 820 million DOT had been staked. Looking at the price chart, if the coin breaks above $8, the incentive to stake and early rewards plus capital gains will increase. Feature image from Canva, chart from TradingView

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Polkadot (DOT) Prints Classic Bullish Falling Wedge Big Breakout Imminent

In an update on X, crypto analyst Jascrypto pointed out that Polkadot (DOT) is currently forming a textbook bullish falling wedge pattern on the daily chart. This technical setup is often associated with a potential trend reversal, signaling the end of a downtrend and the beginning of a bullish breakout. As DOT continues to consolidate within the narrowing bounds of the wedge, market participants are starting to take notice. The structure suggests that bearish momentum may be weakening, allowing buyers to step in. With volume expected to increase upon a breakout, this pattern could mark a pivotal shift for DOT and spark a strong upside move, potentially starting a new bullish phase. Why The Polkadot Falling Wedge Is Bullish Crypto analyst Jascrypto recently highlighted that Polkadot has completed a breakout from a multi-month falling wedge pattern. Falling wedges are typically viewed as reversal patterns, and DOTs successful breakout suggests that downward pressure may be easing after months of consolidation. This structural shift reflects growing optimism and signals that the asset could be preparing for a larger upward trend. Related Reading: Polkadot Price Caught In A 5-Year Channel Can It Finally Break Free? Jascrypto pointed out that DOT is currently testing the 100-day and 200-day Exponential Moving Averages (EMAs), key technical levels that often act as strong resistance in bearish conditions. He emphasized that a decisive daily close above these EMAs would validate the breakout and signal a shift in market sentiment. According to Jascrypto, if Polkadot maintains momentum and closes above these critical levels, it may pave the way for a rally toward the $5.5 to $6.0 range in the near term. This move would mark a significant recovery phase for DOT, attracting fresh bullish interest from investors. In an alternative scenario, Jascrypto noted that the worst-case outcome might see Polkadot dipping as low as $3.120 on higher timeframes. However, he added that such a move could set the stage for a much stronger rebound, propelling the price above the $7 mark once momentum returns. Momentum Indicators Lean Bullish Is DOT Ready To Run? Momentum indicators are beginning to align in favor of the bulls, offering promising signals that Polkadot may be gearing up for a meaningful move higher. The 4-hour Relative Strength Index (RSI) has rebounded from oversold territory, hovering near the midpoint around 50. This shift indicates that bearish momentum is fading, and buyers may be gradually regaining control. Related Reading: Polkadot (DOT) Nears Critical Zone: A Reversal Could Trigger 180% Surge Adding to the optimistic trend, the 4-hour Moving Average Convergence Divergence (MACD) has shown a bullish crossover, where the MACD line crosses above the signal line. A move that often marks the beginning of a new uptrend or a pause in prior downside pressure. Combined, the RSIs recovery and the MACDs bullish signal suggest that DOTs momentum is shifting favorably, setting the stage for a potential breakout continuation if price action remains strong. Featured image from Medium, chart from Tradingview.com

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Polkadot To Sponsor Messis Inter Miami: DOT To The Moon?

The Polkadot community has approved a proposal to sponsor Inter Miami, the football club co-owned by David Beckham and featuring superstar Lionel Messi. The move could be a strategic decision to propel Polkadot, a smart contracts platform similar to Ethereum, into the global spotlight.  Polkadot To Sponsor Inter Miami The proposal, approved by Polkadot’s Open Gov community, sought 968,000 DOT (roughly $6.5 million) to secure the sponsorship. Under the “sports sponsorship fund,” the goal was to partner with Inter Miami, a team described as one of the “world’s most engaging and followed sports teams.”  Related Reading: Cardano (ADA) Trading Activity Goes Quiet: Will This Drag Down The Price? While the goal is to “elevate” Polkadot’s global brand visibility, the plan is to develop other deeper integration, leveraging Inter Miami’s global fanbase. For instance, the team plans to enhance user experience through engaging non-fungible tokens (NFTs) and other gamified experiences deployed on Polkadot’s parachains. Additionally, the team plans to explore how Polkadot-based solutions can be implemented at Inter Miami, resulting in greater efficiency and improved fan engagement initiatives.  While the potential deal’s specifics are confidential, the proposal emphasizes transparency. Accordingly, funds will be held in a multi-signature wallet, accessible only with community approval. Moreover, ORSEN SA, a Swiss sports marketing agency, will manage the partnership rights. Polkadot’s Plans to Scale As Polkadot enhances its global visibility, developers are also working on activating a key update: “Asynchronous Backing.” Last year, Sophia Gold, the Engineering Lead at Parity Technologies, said the technology would be a game changer.  Asynchronous Backing will allow Polkadot to scale the number of Parachains from 100 to 1,000 by the end of the year. The network will boost its transaction processing capacity, with Polkadot supporting more “independent blockchains” via Parachains.  Related Reading: Heres How This Ethereum Whale Made $16 Million From A Single Trade Furthermore, improvements via techniques like “pipelining” will permit multiple parachains to process data simultaneously, halving transaction confirmation times. Though Polkadot continues to enhance its network and strike more deals, DOT prices remain under pressure. At spot rates, DOT is down 40% from 2024 highs. While CoinMarketCap data shows that the coin has risen 14% in the last week, the failure of bulls to break above $7.5 is a concern. Technically, a high volume lifting the coin above this local liquidation level would pave the road for an expansion toward $9 and March 2024 high in the coming sessions. Feature image from Unsplash, chart from TradingView

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Polkadot (DOT) Near Critical Support: Will It Rebound to $16?

Polkadot (DOT) trades near the lower boundary of a parallel channel pattern on the weekly timeframe. The crucial support area has gained significant attention because buying demand has increased while volume patterns indicate accumulation activities. The current market situation indicates Polkadot could potentially experience an upward movement if its present support level maintains strength, which […]

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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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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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Polkadot (DOT) Price Prediction: Will It Break Above $4.60 for Major Gains?

Polkadot (DOT), one of the top-performing cryptocurrencies, is showing strong potential for a breakout as the market stabilizes after a turbulent period. Following a sharp decline in Bitcoins price below $80K, altcoins, including Polkadot, experienced considerable volatility. However, with the market now regaining stability, Polkadot seems to be on a positive upward trajectory, offering an […]

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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 Price Crisis: Further Losses Incoming After DOT Falls Under $4.8

Polkadot (DOT) price has taken a dramatic turn, breaking below the crucial $4.8 support level, a critical threshold that previously provided stability for the asset. This decisive move to the downside signals increased bearish pressure, as sellers continue to dominate the market. With DOT now trading in a vulnerable zone, concerns are mounting over whether further losses could be imminent.  Despite the bearish outlook, the $3.5 key support zone remains in focus, offering potential areas where DOT could stabilize or even stage a recovery. If bulls step in with strong buying momentum, the price could attempt to reclaim lost ground. However, failure to hold above these crucial levels may result in a deeper correction, pushing DOT toward even lower price points. Market Sentiment And What It Means For Polkadot Market sentiment plays a crucial role in shaping Polkadots price action, especially after its breakdown below the $4.8 support level. Currently, bearish sentiment dominates as traders react to increased selling pressure. Fear of additional losses may cause short-term holders to exit their positions, potentially fueling a deeper decline toward key support zones. Related Reading: Polkadot (DOT) Defies Market Volatility, Holds Strong Above $4.8 Support Level The price has also slipped beneath the 100-day Simple Moving Average (SMA), a key technical indicator that often determines market trends. This breakdown suggests that bearish momentum is strengthening, as the SMA typically acts as a dynamic support level in an uptrend.  Should DOT fail to reclaim this level in the near term, selling pressure might intensify, leading to further declines. However, a decisive move back above the 100-day SMA could indicate a potential reversal, allowing bulls to regain control and push the price higher. Polkadot recent drop below $4.8 is reinforced by bearish technical indicators, suggesting the downtrend may continue. The Relative Strength Index (RSI) is trending downward, indicating weakening momentum and a lack of strong buying interest.  Potential Scenarios: Rebound Or Continued Decline? The recent breakdown of Polkadot below the $4.8 support level has left the market at a crossroads, with two primary scenarios emerging: a potential rebound or a continued decline. Should buyers step in at the $3.5 support level, DOT could attempt a recovery, targeting resistance at $4.8 and possibly $6.2.  Related Reading: Polkadot (DOT) Breakout Looms With $17 Target In Sight Details A strong rebound from this zone, supported by increased volume and improving market sentiment, may signal a bullish reversal and reignite upward momentum. On the other hand, if selling pressure persists and DOT fails to reclaim key levels, the decline might extend toward $3.5 or even $1.9, with traders growing cautious amid weakening technical indicators. Featured image from Medium, chart from Tradingview.com

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Polkadot’s DOT Token: Marching Forward to New Heights in 2023?

What will happen in the coming weeks? What does the Polkadot forecast for March 2023 look like? How high can DOT go?

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Conservative Prediction: Can Polkadot Reach $10 in 2023?

The key factors that could potentially impact the price of DOT in the next few months and whether can Polkadot reach $10

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Is Polkadot (DOT) A Must-Have For Your 2023 Portfolio?

The year 2023 is said to be huge for Polkadot (DOT) as it is one of the cryptocurrencies to watch out for. Many crypto experts are very optimistic about Polkadot, and they’re saying that traders should keep an eye on the coin because its developments will be big for that year. DOT is looking bearish but can pivot to a bull run in the coming days Polkadot is said to be an attractive addition to the investment portfolio for 2023 DOT price is down by 1.43% While DOT isn’t performing well as of press time, crypto experts believe that this is the best time to buy. The coin is regarded as one of the safety nets and best bets to include in your portfolio for next year. According to CoinMarketCap, DOT price is down by 1.43% or trading at $4.28 as of this writing. And many crypto experts think that the discounted price should entice more traders to buy while the prices are still low because it’s bound to spike by next year. Polkadot: One Of The Most Liquid Assets Even though Polkadot has depreciated in value, it’s still the top-rated crypto in terms of capturing investor interest. It stands out when pitted with other cryptos as it’s also one of the popular liquid assets included in hedge fund portfolios. Indeed, there is an increasing demand for Polkadot, and it is seen to have the most potential to rise in 2023. In fact, as early as now, many top investment companies and even hedge funds are putting most of their eggs on the Polkadot basket. Related Reading: Hedera: Is 2023 The Comeback Year For HBAR NFTs? DOGE total market cap at $9.06 billion on the daily chart | Chart: TradingView.com DOT May Kick Off Bullish Run Polkadot has been looking bearish as it recently dipped to as low as $4.20 in the past 24 hours. This retreat has attracted investors in the past, and it may also draw them in now. On the other hand, DOT’s technical indicators hint at some bullish movement, with its volume reached a new low as registered on December 25. Still, it is now slowly recovering from the slump. Related Reading: Dogecoin Breaking Past This Key Barrier Could Spell 10% Spike For DOGE Eco-Friendly Crypto DOT’s market capitalization shows that the bears still dominate the market for December, but its market cap has an uptick by $100 million overnight, which looks like an accumulation. More so, the development activity is also seen to nosedive, which can be worrisome, especially for investors. Meanwhile, Polkadot, along with Cardano and Algorand, is among the most eco-friendly cryptocurrencies, according to a new analysis by the Traders of Crypto. Polkadot ranks as the fourth most eco-friendly digital money, with annual carbon emissions of 50 tons. – Featured image: VOI

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Polkadot Sets Sight On $9 As It Claims The 10th Spot On Crypto Top 10

Polkadot has been one of the breakout stars of 2022. The cryptocurrency has managed to thrive in a market where most digital assets are taking a beating and losing value rapidly. With its breach of $8, the cryptocurrency has taken another step as it cements its position as one of the largest contenders in the space, dethroning the beloved Dogecoin in the process. Polkadot Takes 10th Place Meme coin Dogecoin has been able to maintain its position in the crypto top 10 by market cap over the last couple of weeks. However, this changed this week with the recent Polkadot rally. The digital asset had more than 7% in the last seven days to bring its trading price higher than $8.5, and this pushed its already impressive market cap over the $9.4 billion mark. Related Reading: Here’s What Bitcoin Institutional Inflows Says About The Month Of July The result of this was that the market cap of DOT surpassed that of Dogecoin. Polkadot is now ranked as the 10th largest cryptocurrency by market cap, but that’s not all. Even as the market is recording a retracement, DOT remains one of the only cryptocurrencies to mark green over the last 24 hours and one-week timeframe. At the time of writing, DOT is currently trading at $8.52 with a 24-hour recovery of 6.15%. It’s interesting that the digital asset is trading this high, given that its trading volume is actually down. With $427 million in trading volume over the last day, it is down more than 8% in this regard. DOT trending at $8.3 | Source: DOTUSD on TradingView.com As a general rule, Polkadot looks to be following the recovery trend of Ethereum. This breakout in the largest decentralized finance (DeFi) network had spread to other networks, causing them to see the largest recovery during this time. DOT Eyes $9 The recovery in the price of Polkadot has set it on an incredibly bullish path. It has now hit important technical levels, which propose that the recent rally may still have some steam in it. Most prominent of this has been the digital asset’s climb above its 50-day moving average of $7.4. Related Reading: Bitcoin Miner Revenues Continue To Grow, Will This Put A Stop To The Sell-Offs? Since investors are willing to buy the cryptocurrency at higher prices, the buying pressure is mounting, especially as sellers experience fatigue during this time. Additionally, with the recent high rates of inflation, more investors are moving into the decentralized finance market in a bid to find suitable hedge for wealth. DOT also has some free range to grow, given that the next significant resistance point lies at $9. This price point is incredibly attractive for bulls as it puts DOT on a platform to contend for 9th place with DeFi competitor Solana. Featured image from Phemex, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

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Polkadot (DOT) Price Analysis: July 2

On July 2, the bullish DOT price analysis is at $8.38. DOT’s bearish market price analysis for July 2, 2022,

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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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Where to Buy Polkadot Coin & Is Polkadot a Good Investment?

What is DOT crypto and Polkadot blockchain? Is Polkadot a good investment in 2022? Where to buy Polkadot coin DOT?

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Is Polkadot Dead? Strong competition in the Crypto Scene! Buy DOT?

Polkadot was considered one of the most exciting projects on the crypto market last year. With the goal of its own blockchain internet, the project in 2021 gave hope to enhance the connection of different blockchains with each other. Is this vision still alive in 2022 and can Polkadot crypto take hold over the next few months?

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Polkadot eyes breakout to $75 after DOT price rally sets up classic bullish reversal

The inverted head and shoulders pattern hints at a decisive breakout move in the Polkadot market.

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Polkadot Price Analysis: DOT Expected to Rebound Towards $45

Polkadot interoperability with other developed projects like Ethereum is the project’s primary proposition. However, adding scalability to the mix gives it an edge over other similar protocols explaining why DOT—the primary currency priming Polkadot’s ecosystem—is one of the most liquid, and Polkadot is one of the most valuable projects, earning... Read More

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Polkadot (DOT) Circulating Market Cap Rockets To $8.3 Billion, Registers Massive 111% Growth

Polkadot, the computing platform known for its interoperability and scalability, has shown remarkable growth in key metrics during the latter part of 2023, as outlined in a recent report by Messari.  Outpacing Crypto Market Growth According to Messaris findings, Polkadots circulating market cap experienced a remarkable 111% quarter-on-quarter (QoQ) growth, reaching an impressive $8.38 billion.  [...]

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