Polkadot (DOT) Investor Confidence Falls As Token Loses 16%
Polkadot has been on the down low since last month with investors and traders pulling out of the market. According to CoinGecko, the token is down more than 16% in the past 2 weeks. With the bears in control of the market, Polkadot’s short-term gains might be compromised. Related Reading: Cosmos Price Analysis: Why This Analyst Says ATOM Has ‘A Great Chart’ Despite showing that Polkadot can still pack a punch, users are still skeptical of the platform’s viability and DOT’s capability to move upward in the coming days. With low investor confidence and a seemingly overhyped feature,....
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Polkadot has proven successful in a number of areas recently. Data from Santiment shows that there has been a dramatic increase in development on Polkadot. But does this mean a brighter future for Polkadot? Data shows that the highest amount of transfers occurred on September 16. In addition, there’s even better news. Parallel chaining is likewise very active. The volume of transactions using these secondary chains on the Polkadot main chain is an indicator of this action. The GLMR token from Moonbeam and the MOVR token from Moonrivers are two of the most well-known. Chart:....
As the launch date for parachains nears, a new initiative is constructing a decentralized finance (defi) index token that tracks Polkadot projects aimed at helping investors diversify their holdings through a single instrument. Six Projects Provide Soft Commitments to Join Polkadot Index Network Token The growing interest in Polkadot and its novel parachains has seen the blockchain’s native token become the source of frenzied speculation over the last few months, joining the list of the top ten cryptocurrencies by market capitalization. Now, with approaching parachain launches for....
The price of Polkadot’s native token hit an all-time high (ATH) this week, soaring above $30, as the company laid out the next steps of its plans and the systems to finalize the network launch. Polkadot Roadmap Outlines Layer 0 Deployment Initiatives Polkadot released a roadmap highlighting that it is currently in its Rococo phase, the first of three major phases until the network goes live. Here is a breakdown of the roadmap. Rococo Testnet Rollout Polkadot (DOT) plans to continue with its launch of parachains, also referred to as application-specific data structures. These....
What a year for Polkadot, not only has its DOT token now crossed the all-time high, to trade at $30.22, it is also up 938% in the last year (15th feb 202-16th Feb 2021). If you had invested just $1000 one year ago on DOT, you would now have $9380. Not to be sniffed at. But this all pales into insignificance when you look at the bigger picture and the latest Polkadot news, which they […]
New partnerships, interest in initial decentralized exchange offerings and the success of Polkadot back Polkastarter’s impressive 500% rally. Polkastarter (POLS) is a cross-chain token pool and auction protocol built on the Polkadot (DOT) blockchain. It launched in October of 2020 as a way for projects to raise capital in a decentralized environment and since January the token has rallied 500% to a new high at $1.78.Three possible reasons for the recent growth of POLS are the strong rally seen from Polkadot, strategic partnerships and exchange listings and an expanding list of token....