DOT rallies 12% in a day as Polkadot gears up to solve a major blockchain hac...
But the token still risks falling by more than 30% based on a classic bearish continuation setup. Polkadot (DOT) price ticked higher in the past 24 hours on anticipations that its new cross-chain communications protocol would solve a long-standing problem in the blockchain sector.DOT price gains 12% on XCM launchBulls pushed DOT's price to $16.44 on May 5 from $14.72 a day before, gaining a little over 12% as they assessed the launch of XCM, a messaging system that allows parachains — individual blockchains that operate in parallel inside the Polkadot ecosystem — to communicate with each....
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Blockchain technology remains the major drive in the decentralization of digital assets. This has led to the emergence of several blockchain networks, each having its unique and distinguishing features. Amongst these blockchains is Polkadot, usually referred to as the blockchain of blockchains due to its multichain nature. Recently, Gavin Wood, the founder of Polkadot, revealed […]
ATOM, the native token of the Cosmos blockchain, has ralled strongly in the past week for several fundamental reasons. ATOM, the native cryptocurrency of the Cosmos blockchain protocol, has rallied by over 100% in the past week. Analysts are attributing the rally of ATOM to two major fundamental factors. First, in recent weeks, layer one blockchain protocols, like Avalanche (AVAX) and Polkadot (DOT) have gone through a major rerating. Second, the utility of ATOM that enables holders of the cryptocurrency to earn through swap, gas, and transaction fees could make it more compelling for....
Polkadot and Kusama prices rose as Master Ventures announced a $30 million Polkadot ecosystem fund. Polkadot (DOT) and Kusama (KSM) rose in tandem on June 3 as traders assessed a venture capital firm's major investment into their blockchain ecosystems.Dubbed as Master Ventures, an Asian blockchain incubator and venture capitalist announced that it had launched a $30 million venture capital fund called Master Ventures Polkadot VC Fund. In a press release published Wednesday, the firm said that its fund would "support and finance the Parachain bids" of tier-1 blockchain projects that want to....
Major Polkadot ecosystem investors are backing the DeFi protocol. Equilibrium, a Polkadot-based decentralized finance project and parachain candidate, has raised $2.5 million from a number of venture funds primarily involved in the Polkadot ecosystem.Heavy Polkadot backers like KR1, Signum Capital and Hypersphere Ventures joined Equilibrium’s round. Other participants from the general crypto investment ecosystem include OKEx’s Block Dream Fund, Genesis Block Ventures, CMS Holdings, AU21 Capital, DFG Capital, PNYX Ventures, FBG Capital, LD Capital, and others.The funding round comes as....
One of the blockchain space’s runaway successes of 2020, Polkadot is about to host its first community gathering since launching in August, when it immediately slotted into the crypto market cap top ten. Polkadot Decoded is a live event set to go ahead on December 3, where some of the network’s core developers will deliver a program of talks aimed at educating and enlightening viewers on Polkadot’s main functions. With Polkadot boldly setting itself up […]