|All Time High:
|The price of #DOT today is $8.12 USD.
The lowest DOT price for this period was $0, the highest was $8.12, and the exact current price of one DOT crypto coin is $8.11647.
The all-time high DOT coin price was $55.07.
Use our custom price calculator to see the hypothetical price of DOT with market cap of ETH or other crypto coins.
|The code for Polkadot is #DOT.
Polkadot is 3.5 years old.
|The current market capitalization for Polkadot is $11,184,833,847.
Polkadot is ranking upwards to #12 out of all coins, by market cap (and other factors).
|There is a very large daily trading volume on #DOT.
Today's 24-hour trading volume across all exchanges for Polkadot is $305,221,505.
|The circulating supply of DOT is 1,378,041,274 coins, which is 97% of the total coin supply.
|DOT is the native coin for the Polkadot blockchain.
View the full list of Polkadot blockchain tokens.
|DOT is well integrated with many pairings with other cryptocurrencies and is listed on at least 87 crypto exchanges.
View #DOT trading pairs and crypto exchanges that currently support #DOT purchase.
Staking Update: Q1 2023
The following updates were written by the Staking Team at Parity Technologies. See the full list of regular staking updates here. To learn more about staking and participate, check out the staking page here! — Staking data - — Stake in nomination pools - Over the past three months, the number of members in nomination pools has steadily increased, signaling that the community considers nomination pools a good alternative to direct nominations. — Fast unstake - Polkadot’s fast unstake has been used over 30 times since its release and at the time of publication. — Core development - In this section, you’ll find explanations of the major code contributions to the staking system. — Permissionless reward claim in nomination pools - A major update from the past two months has been the ability for pool members to allow anyone to claim their unclaimed rewards. Moreover, we are proud to see that this feature was not contributed by a core member of the team, but rather by an external contributor! Thanks to Doordaschon! PR#12608 related to this work is merged, and it will go into an upcoming Polkadot release. Stay tuned for more updates about this on the staking dashboard side! — Nomination pool commission is now merged - Commission is now a feature of the nomination pool pallet and will soon be live on the Polkadot runtime ( PR#13128). It is now possible for a nomination pool to have a commissio...
Let’s Talk Polkadot OpenGov (Part I)
The current Polkadot governance model was designed with the ultimate goal of ensuring consensus and automatic enactment of any changes based on community decision. Composed of three collectives that have ensured that necessary legislation is initiated (Council), discussed and enacted successfully or rejected (Democracy module), and executed in a speedy way if urgent (Technical Committee), Polkadot stakeholders have worked in coordination for more than two years discussing and stewarding the network’s direction. Since the very first governance proposals were put up for discussion, the community already began thinking about alternatives and possible new designs to counteract some identified weaknesses in the model. Many community members have already identified the lack of participation as its weakest point. Others felt that the Council was the weakest aspect, arguing that, even if Council were to grow in number, this form of representation had no place in a decentralized on-chain governance system. Many community members, despite being able to delegate voting power and use conviction voting, also noticed a low representation of smaller token holders. Following the recent launch of parachains and the completion of Polkadot’s multistage launch process, in the coming weeks, the community will have the opportunity to vote on a proposal for the first major changes to Polkadot’s governance design, proposed first for deployment...
Polkadot 2022 Roundup
This year, while the industry slid headlong into yet another crypto winter, the Polkadot community was busy building and launching the largest and most diverse ecosystem of layer-1 blockchains in the world, with several core technologies rolled out to propel the ecosystem forward into 2023. With enough happening in the Polkadot ecosystem in 2022 to practically fill a book, it’s no easy task to sum up the past year of activity around the core technology and broader community, but as we move forward into 2023 let’s look back at some of the most important trends and milestones for Polkadot in 2022. — 💥 The birth of Web3’s leading ecosystem - The Polkadot community is no stranger to delivering great technology through difficult years, and 2022 was certainly no exception. In just over 1 year since the launch of parachains in late 2021, Polkadot has become the largest and most diverse ecosystem of purpose-built layer-1 blockchains and apps, and the only one fully secured by a shared, network-wide validator set and benefiting from secure, trustless cross-chain interoperability. To date, 74 parachains have won an auction on Polkadot or Kusama, and are already supporting an ecosystem of well over 300 unstoppable applications according to best estimates. In total, around 550 projects are either launched or under development for Polkadot, a rather impressive start in the network’s first full year with live parachains. ...
Nomination Pools are Live! Stake natively with just 1 DOT.
Stake natively on Polkadot easier than ever and with as little as 1 DOT thanks to this new scalability feature for Polkadot’s staking system. Nomination pools are a new feature for Polkadot’s staking system that allows users to pool their DOT tokens together on-chain to nominate validators and receive rewards, significantly improving the system’s scalability. Now, anyone with as little as 1 DOT can receive rewards for staking natively on Polkadot. Coupled with the recently launched Polkadot Staking Dashboard, the new user-friendly staking app that recently came out of beta, nomination pools lower the barrier to entry for participation in staking directly on the network and simplify the staking process. Now, users with less DOT and those looking for a more passive staking experience can stake directly on the network. Crucially, these updates also reduce the incentive to stake through third-party services and intermediaries. By cutting out the middleman and staking natively (directly on the Relay Chain) DOT holders can help keep Polkadot secure and decentralized while receiving competitive rewards of up to 18%*. Native, protocol-level nomination pools also represent a major innovation in the broader blockchain industry, where stakers with less tokens are often disadvantaged and staking pools typically necessitate relying on intermediary services. — The need for nomination pools - From the beginning, Polkadot’s N...
First Parachain Successfully Migrates from Kusama to Polkadot
On October 3rd, KILT Protocol made history by becoming the first parachain to accomplish a full migration from the Kusama Relay Chain to the Polkadot Relay Chain. Besides marking an important technical milestone, the migration also represents the first instance of a parachain taking the upgrade path from Kusama to Polkadot. This demonstrates an important use case for the ‘canary network’ model pioneered by Polkadot, giving Web3 projects a place to stress-test their technology in a real-world environment and mitigate risk before upgrading to a more stable production network. Polkadot’s technology stack helped make the historic transition from one network to another possible. Kusama has always been a natural starting point for teams building in the Polkadot ecosystem. As Polkadot’s canary network, it provides an experimental proving ground for Web3 innovation. It’s a space for teams to roll out novel features and see how technologies will perform under live network conditions before they’re deployed to the more secure, stable environment of the Polkadot Relay Chain, helping mitigate risk and providing the right conditions for parachains to evolve and mature. Some projects have used Kusama as a network for experimentation on new ideas, where they can move fast and break things. Many teams have also used it as a pre-production environment, running a parachain on each network and using their Kusama parachain to deploy,...
Polkadot Roadmap Roundup
By Rob Habermeier, Polkadot founder As the Polkadot Community comes into the last quarter of 2022, we at Parity Technologies would like to update the community on a number of important development topics we’ve been working on. These bridge a number of categories: parachain scalability, parachain development, relay-chain governance, cross-chain communication, common-good parachains, bridging to other ecosystems, and staking. We’ve been hard at work on delivering the code for these features and upgrades and look forward to having them accepted by the Polkadot community. — Asynchronous Backing - Asynchronous Backing is the first set of major optimizations to Polkadot’s parachain consensus protocol since its launch on Polkadot in December 2021. Scalability is a huge topic in the blockchain ecosystem, and the goal of Parity and the Web3 Foundation as protocol designers is to meet the demand of parachains by providing each parachain with a large increase in block capacity. If Asynchronous Backing is enabled by the network, the block time of 12 seconds for parachains will be shortened to 6 seconds, which will mean lower latency and faster finality for transactions executed on parachains. Furthermore, the parachain blocks themselves will be allocated more time for execution, meaning that they get even more throughput. Asynchronous Backing is a large upgrade spanning the runtime, the networking protocol, and the logic of c...
Polkadot DevCamp Intake #2
Your path to parachain engineering starts here - Following hot on the heels of the hugely successful first Polkadot DevCamp in May, and to meet demand from new prospective applicants, we are delighted to announce that the second edition of Polkadot DevCamp has been slated for this fall and will take place online. All our educational materials have been updated to take account of a rapidly evolving ecosystem and we start with an opening ceremony on November 1st. — What does Polkadot DevCamp Intake #2 offer? - Our curated online education program brings together Polkadot experts to help developers hit the ground running with the Substrate technology stack. Polkadot DevCamp Intake #2 will provide an initial module on Substrate, Polkadot and how to use Rust within Substrate. We then introduce FRAME and Polkadot’s Runtime Development before providing you with a strong understanding of Substrate tooling, smart contracts and interoperability. — What is the timeline for Polkadot DevCamp Intake #2? - Applications Open: September 26th Applications Close: October 23rd Opening Ceremony: November 1st DevCamp duration: November 7th — 30th Closing Ceremony: December 5th The opening ceremony brings participants together for the course ahead and people have the opportunity to get to know each other even better at a social event two days later. The course itself kicks off on November 7th and certificates will be awarded...
Sub0, the Polkadot Developer Conference, comes to Lisbon in November
Important information - The sub0 conference will run on November 28th and 29th as an in-person event in Lisbon, Its main program includes a range of keynote presentations, breakout sessions, and workshops, with community-organized side events happening on both days., You’re invited! Sub0 is open to all skill levels — ranging from developers already building using Substrate and other parts of Polkadot’s tech stack, to those who are curious and new to the ecosystem., Tickets are free and available soon (sign up for updates below)., The highly anticipated 2022 edition of sub0 is happening soon. This year’s event has increased in scope, bringing together the diverse developer community already building on Substrate, Polkadot’s framework for building custom blockchains, as well as everyone who’s interested in learning about blockchain development in general. Sub0 creates the ideal knowledge-sharing environment for accelerating the evolution of Web3. The program line-up features Polkadot developers from around the community, including from Parity and Polkadot parachain teams. There will be separate content for experienced devs and those new to the ecosystem. Learn about the Polkadot tech stack, Substrate, Web3, blockchain and walk away with a clear understanding of the ecosystem. Or dive into technical topics, build during workshops, see new blockchain SDK tools, and hear about the latest developments on Polkad...
Nomination Pools are Live on Kusama!
With the release of runtime v0.9.22, nomination pools have been added to the Kusama runtime. Adhering to the tradition of the Polkadot ecosystem, Kusama is acting as the canary network here and is receiving this update first before Polkadot. As usual, some degree of chaos is expected. Nomination pools are a scaling solution for Polkadot’s NPoS system, specifically to assist accounts with fewer tokens to stake directly on the relay chain(s) rather than needing to go through a third-party service. In short, pools are a collective nomination scheme. Any account can create a pool, with some initial deposit which is used as the pool’s stake. Members can join the pool and increase the stake of the pool. Each pool is a single nomination from the point of view of the staking system. The pool creator has control over managing the pool, including deciding which validator the pool (and consequently all of the members of the pool) select.Pool Incentive Proposal To incentivize the use of nomination pools on Kusama, there’s an ongoing governance discussion on Polkassembly initiated by @kianenigma to support the creation of tips to reward early participation in nomination pools. The tip, if approved, will transfer some funds to the pool reward account, which will then be claimable by all pool members at that point, pro-rata. This is to create an extra incentive for prospective pool operators to operate a pool, and for members to join ...
Polkadot Relayers 2022
Great things happen when incredible people work together, and that’s what Polkadot Relayers 2022 is all about. In association with Tribe, Polkadot Relayers 2022 is a program bringing together developers and entrepreneurs to create a conducive and engaging platform for innovative ideas to come to life. Apply Now What can Polkadot Relayers 2022 offer? Through the program, participants willMeet like minded peers passionate about contributing to Web3Connect with mentors, who will guide participants to refine ideas and scale their business modelsParticipate in workshops with industry experts to learn more about Polkadot and trends in Web3Pitch to potential supporters and apply for grant funding to grow their business Who can participate? Polkadot Relayers 2022 is designed for both developers and non-technical entrepreneurs who have an interest in Web3 and are hoping to be a part of the Web3 ecosystem. There are no geographical restrictions for participants. When will the Polkadot Relayers 2022 take place? Applications for the Polkadot Relayers 2022 are open from May 23rd until June 24th. Selected applicants will go through an interview process and will be informed via email when the application has been approved and confirmed. An opening ceremony on August 2nd will then bring participants together for the course ahead. The course itself kicks off on August 2nd and runs until November 11th. Participants will then showcase ...
More Polkadot (#DOT) News
|Bitcoin Is Akin to a 'Liquid Collectible' Says DOT Activist Giotto De Fi...
The quality of a meme coin's distribution is what determines if it has staying power or not, Giotto De Filippi, the co-founder of NFT Juice has said. De Filippi, an activist for Polkadot's crypto token DOT, suggested that only a few meme coins owe their success to a 'very good distribution' which he said takes years to build.Many Meme Coins 'Pumped Artificially'
However, De Filippi opined that many of the meme coins 'seem more like pump and dumps' with dogecoin (DOGE) being one of the few exceptions. He also identified Shiba Inu, PEPE, and BONK as meme coins that may have been 'pumped artificially.'
Meanwhile, in his written answers sent to Bitcoin.com News, De Filippi described meme coins as some form of liquid art or collectible. De Filippi argued that bitcoin, which is the largest crypto asset and most popular, fits the description of what he calls a 'liquid collectible.'
When asked how investors can avoid falling prey to meme coin scammers, the DOT activist warned prospective holders to be on the lookout for meme coins with concentrated distribution. Such distribution, he argued, is a red flag which should force them to think before deciding to invest.
Below are Giotto De Filippi's answers to questions sent to him via Telegram.
Bitcoin.com News (BCN): What are meme coins what would say distinguishes them from other crypto tokens?Giotto De Filippi (GDF): I would say many coins are basically a liquid collectible. It's a form of art, it's a collectible, but it's liquid. So i...
|DOT Price (Polkadot) Pumps 15% As Bulls Aim For Surge To $10
Polkadot (DOT) is gaining pace above the $7.50 resistance against the US Dollar. The price is up nearly 15% and might rise further toward $10.00.
DOT is showing heavy bullish signs from the $6.65 support against the US Dollar. The price is trading above the $8.00 zone and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $7.80 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could continue to rally unless the bears are able to defend the $8.88 resistance zone. Polkadot Price Restarts Rally
After a steady decline, DOT price found support near the $6.65 zone. A low was formed at $6.64 and Polkadot recently started a fresh increase. The price was able to clear the $6.85 and $7.00 resistance levels to move into a positive zone, like Bitcoin and Ethereum.
There was a break above a key bearish trend line with resistance near $7.80 on the 4-hour chart of the DOT/USD pair. The pair even surpassed the 50% Fib retracement level of the downward move from the $9.58 swing high to the $6.64 low.
DOT is now trading above the $8.00 zone and the 100 simple moving average (4 hours). Immediate resistance is near the $8.45 level. The next major resistance is near $8.88 or the 76.4% Fib retracement level of the downward move from the $9.58 swing high to the $6.64 low.
Source: DOTUSD on TradingView.com
A successful break above $8.88 could start another strong rally. In the stated case, the price could easily ...
|Polkadot Shows Bearish Signal, Analyst Predicts Drawdown To This Target
A cryptocurrency analyst has explained how Polkadot could potentially see a decline to this level because of a sell signal in in its weekly price chart.
Polkadot Weekly Price Has Formed A TD Sequential Sell Setup Recently
In a new post on X, analyst Ali has pointed out that a TD Sequential sell signal has been forming for Polkadot recently. The 'TD Sequential' refers to a tool in technical analysis that's generally used for pinpointing likely points of reversal in any asset's price.
The indicator is made up of two phases. In the first phase, called the setup, candles of the same polarity are counted up to 9. After the ninth candle, a probable reversal in the price may be assumed to have taken place.
If the setup's completion occurred with the overall trend being towards the up (that is, the nine candles were green), the asset might have hit a top. Similarly, a bottom could be in if the price had been going down.
The second phase, known as the 'countdown,' begins right after the setup's completion and lasts for thirteen candles. At the end of these thirteen candles, another probable reversal in the asset could be assumed to have occurred.
Recently, Polkadot's weekly price has completed a TD Sequential phase of the former type, as the chart below shared by the analyst shows.
As is apparent from the graph, the Polkadot weekly price has finished the TD Sequential setup phase with green candles recently. This could suggest that a sell signal has now formed for the cryptocurrenc...
|Polkadot Pops: Price Hits Fresh 2023 Peak, Breaking Through Doubts
Interest in altcoins, such as Polkadot, has significantly increased as the year draws to a close. After posting an impressive 47% gain in December, Polkadot (DOT) has become a standout performer in the cryptocurrency market.
Polkadot Surges 20%
In the latest development, the value of DOT has rapidly increased, rising by an impressive 20% in just the last two days.
With its breakthrough beyond the $7.9 barrier, the cryptocurrency set a new record for 2023 and demonstrated the growing interest and confidence of investors in Polkadot.
Notably, Polkadot's price structure technical analysis points to a strong future. Even though there could be a slight reversal in the upcoming days, the general trend suggests that more price gains are likely.
This forecast strengthens the favorable perception of DOT and attracts traders and investors who pay close attention to technical indicators.
In addition to its remarkable price success, Polkadot's blockchain has seen a notable rise in revenue, indicating more platform utilization.
The increase in revenue highlights how developers and consumers are actively interacting with Polkadot's ecosystem, which is seeing rapid acceptance.
The sudden spike in DOT prices is associated with a noticeable increase in activity on the Polkadot network. The Polkadot relay chain has recorded an incredible 1 million transactions as of the most recent update, which represents a record high in daily activity.
1 Million transactions today on the Polkad...
|Will Inscriptions On Polkadot Push DOT Prices Back Above $10?
There has been a notable spike in the number of Polkadot transactions in recent days. The surge also coincides with DOT prices racing to new 2023 highs when writing on December 22.
Taking to X, asynchronous rob noted that Polkadot is currently processing around 250,000 transactions per hour or 400-450 per block. Polkadot is a modern blockchain that aims to drive blockchain interoperability.
Based on its design, relying on a Relay Chain and numerous Parachains, the network can process transactions cheaply, considering its high capacity.
Polkadot Transactions Swelling: Blame Dota and Inscriptions
The rapid expansion of transactions on Polkadot can be attributed to the recent launch of inscriptions, a new type of cross-chain asset developed by the Dota platform. Uniquely, Dota's inscriptions aim to simplify the process of deploying and minting assets on Polkadot's parachains.
Though parachains operate independently as 'chains' that rely on the Relay Chain for security, this design will eliminate the need for Cross-Chain Message Forma (XCM), which is needed for Polkadot parachains to communicate.
Usually, the XCM requires complex coding and can be time-consuming. Therefore, the simplicity of DOT-20 inscriptions by Dota directly explains why there is a surge in the number of transactions.
According to Dota on X, inscriptions on Polkadot account for 98% of the recent transaction volume.
Though there has been a change in the number of transactio...
|Bitcoin Dominance Dwindles as ETH, SOL, DOT, MATIC Continue to Outperfor...
Bitcoin soared past $44,000 once again in the past few hours, but the bears quickly put a stop to this run and pushed the asset south.
Most altcoins are in the green now, even though they were trading higher hours ago. Nevertheless, they continue to reduce BTC's dominance over the market.
BTC Stopped Above $44K
The business week started on a negative note for the primary cryptocurrency, which dumped to $40,500 on Monday. The bulls came out to play then and propelled a price surge that drove the asset north in the following days. After a brief retracement on Tuesday evening, BTC found itself soaring to $44,000 on Wednesday.
However, the bears hadn't given up their control yet and pushed bitcoin south again. Nevertheless, the asset started gaining traction in the past several hours and jumped to a multi-week peak of $44,400 (on Bitstamp).
Another rejection followed, however. As of now, BTC trades almost a grand below its intra-day high, and its market capitalization has fallen back down to $850 billion.
Its dominance over the altcoins has also declined and is down to 51.5% on CMC. This means that the metric has decreased by almost 1% in the past few days.
BTCUSD. Source: TradingView
The declining BTC market dominance means that the altcoins have performed better lately, and this is particularly true for Solana. SOL briefly soared to $100 today and surpassed BNB as the fourth-largest cryptocurrency. Despite retracing from that 19-month peak, SOL is still 6% up on...
|Comparison Between Chainlink, Polkadot and Pullix as DeFi Heats Up
The bullish momentum of meme coins has dropped in recent months. The Decentralized Finance (DeFi) sector has taken over with bullish gains. Three DeFi coins to watch out for in this sector are Polkadot, Chainlink, and Pullix.
Polkadot (DOT) Rallies
The DeFi sector has seen a significant recovery as tokens like Polkadot entered the green region. Information from CoinMarketCap showed the token trading at the $7 region. The Polkadot coin had jumped 21.7% during the past week.
The DOT token increased from $5.43 in early December to trade at a high of $7.59 but has since corrected. Furthermore, Polkadot price has increased by 35.2% in the past 30 days. However, it faced resistance at the $7.90 level.
This could have been a sign of profit-taking by short-term traders. The coin must first surpass the barrier at $7.36 to begin its upward price movement. Clearing this resistance would pave the way for DOT to $7.90.
Chainlink (LINK) Price Up
Chainlink (LINK) has joined the DeFi market in its latest price uptrend. Per CoinMarketCap, Chainlink rose from $14.06 to a 7-day peak of $17.25. While the Chainlink price has increased by only 1% on the weekly chart, it has gained 1,01% over the last two months. LINK has since corrected to around $14.50.
One potential explanation for the rising Chainlink price might be its recent integration with zkSync Era. zkEVM Ethereum L2 scaling solution, zkSync, has teamed with Chainlink SCALE.
The goal of this partnership is to make it easier to create sca...
|DOT Price (Polkadot) Holds Strong At $6.6, Signs Point To Fresh Rally Ah...
Polkadot (DOT) is correcting gains from the $7.75 against the US Dollar. The price could start a fresh increase unless there is a close below $6.30.
DOT is consolidating gains above the $6.60 support zone against the US Dollar. The price is trading above the $6.65 zone and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $6.65 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls protect the $6.65 and $6.30 support levels. Polkadot Price Holds Ground
After forming a base above the $5.50 support, DOT price started a decent increase. The price was able to clear the $5.85 and $6.00 resistance levels to move into a positive zone, like Bitcoin and Ethereum.
Polkadot even surpassed the $6.65 resistance zone and settled above the 100 simple moving average (4 hours). Finally, the bears appeared near the $7.75 zone. A high was formed near $7.77 and the price is now correcting gains. There was a drop below the $7.20 and $7.00 levels.
DOT declined below the 61.8% Fib retracement level of the upward move from the $6.31 swing low to the $7.77 high. However, it is still above the $6.65 zone and the 100 simple moving average (4 hours).
There is also a key bullish trend line forming with support near $6.65 on the 4-hour chart of the DOT/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $6.31 swing low to the $7.77 high.
|ADA, SHIB, DOT Emerge as Top Gainers, While Crypto Markets Added $60B Da...
After a few days of heading south and trading around and below the $41,000 mark, the bitcoin bulls returned to the scene and pushed the asset north to and beyond $43,000.
The altcoins are also in the green, with ADA standing out the most, followed by DOT, SHIB, AVAX, and SOL.
BTC Back to $43K
Ever since BTC registered a 19-month peak at $44,700 on Saturday, the landscape for the primary cryptocurrency wasn't all that positive. It retraced to $44,000 during the rest of the weekend and dumped hard on Monday to under $41,000.
The situation worsened on Tuesday with another slip to $40,200. However, the bulls managed to defend that level and pushed BTC north to around $42,000. After failing to reclaim that line on Tuesday, the asset went on the offensive once again yesterday evening, and this time, it soared past $42,000 and even $43,000.
As of now, bitcoin trades inches below $43,000. Nevertheless, its market cap has increased by more than $30 billion since yesterday and sits close to $840 billion on CMC.
Its dominance over the altcoins has taken a slight hit, but it is still above 52%.
BTCUSD. Source: TradingView
Alts See Green
Most alternative coins were bleeding out yesterday, but the market is entirely different today. Cardano leads the charge from the larger-cap alts. ADA has soared by more than 12% on a daily scene and currently trades close to $0.65.
Solana (8%), Polkadot (7%), and Shiba Inu (7%) follow suit. As a result, SOL is above $70 again, DOT is north of $7, and SHI...
|Crypto Markets Plunged $80B Daily as XRP, ADA, DOT, LINK Dropped Hard (M...
Bitcoin's price movements took a turn for the worse in the past 12 hours or so with a massive $3,000 plunge that pushed the asset south to a weekly low.
Many altcoins have been hit even harder, with XRP, DOT, LINK, LTC, UNIS, BCH, and others losing more than 5% daily.
BTC Slumped Beneath $41K
Bitcoin's start of December was quite impressive. The asset entered the last month of the year at under $38,000 but quickly gained traction and found itself above $40,000 and even $42,000 four days into it.
The bulls kept the momentum going in the following days, which culminated in breaking above $44,000 for the first time since May 2022 on December 6.
After a few days of sideways trading, the cryptocurrency initiated another leg up that resulted in tapping $44,700 on Saturday morning - a new 19-month peak. The rest of the weekend was less volatile, with BTC standing around $44,000.
However, Monday began with a price dump that drove bitcoin south hard to under $41,000. Nevertheless, the primary digital asset has recovered some of the daily losses and now stands above $42,000. This volatility harmed over-leveraged investors, with more than $400 million worth of liquidated positions on a daily scale.
BTC's market cap has declined to under $830 billion now, but its dominance over the alts stands still at 52.4% on CMC.
BTCUSD. Source: TradingView
Alts Drop Harder
As it typically happens when BTC faces extreme volatility, so do most of the alts. In this case, red has taken over almost all ch...
|DOT Price (Polkadot) Spikes 5% and Primed To Surge Toward $6
Polkadot (DOT) is gaining pace above the $5.25 resistance against the US Dollar. The price could surge further toward the $5.85 and $6.00 levels.
DOT is gaining pace above the $5.25 resistance zone against the US Dollar. The price is trading above the $5.30 zone and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $5.55 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above $5.55 and $5.60. Polkadot Price Regains Strength
After consolidating above the $5.00 support, DOT price started a decent increase. The price was able to clear the $5.20 and $5.25 resistance levels to move into a positive zone, like Bitcoin and Ethereum.
Polkadot cleared the 100 simple moving average (4 hours) and tested the $5.60 resistance. A high is formed near $5.58 and the price is now consolidating gains. It is up nearly 5% and shows signs of more gains in the coming sessions.
DOT price is now trading above the $5.30 zone and the 100 simple moving average (4 hours). Immediate resistance is near the $5.55 level. There is also a key bearish trend line forming with resistance near $5.55 on the 4-hour chart of the DOT/USD pair.
Source: DOTUSD on TradingView.com
The next major resistance is near $5.60. A successful break above $5.60 could start another strong rally. In the stated case, the price could easily rally toward $5.85 in the near term. The next major resistance is see...
|Analyst Thinks DOT Will Reclaim Former Glory With Polkadot 2.0
DOT, the native currency of Polkadot, a smart contract platform, remains under pressure, posting sharp losses after soaring to an all-time high of around $55 in 2021. The coin is trading at about $6, volatile but up roughly 45% from 2022 lows, buoyed by the broader recovery across the crypto scene.
Will DOT Break Above Immediate Resistance Levels? Despite DOT's woes, one crypto trader, @Ashcryptoreal, is bullish on the coin's prospects, pointing to the eventual implementation of Polkadot 2.0, a critical update for the cross-chain network. Taking to X on November 27, the crypto trader believes that Polkadot 2.0 will fix present issues plaguing the smart contract platform.
Specifically, Polkadot 2.0 represents an overhaul set to introduce several enhancements that could, if executed as stated, propel DOT above current resistance levels. With rising DOT demand, the coin, and by extension, the platform, could soar, rising to its former glory as one of the leading blockchains with dense user activity.
Looking at price action, DOT is moving within a broad horizontal range with caps at around $3.5 and $7.5. Despite the recent spike, which saw the coin roar by 45%, prices are moving inside the bull bar of early November.
Based on this, there must be a sharp expansion from spot levels above $5.6 with rising trading volumes for buyers to be in charge. Even so, the current formation still favors buyers.
What's The Big Deal About Polkadot 2.0
Polkadot 2.0 ov...
|Polkadot (DOT) Market Cap Dips: Q3 Sees 16% Decrease In Value
Polkadot (DOT), one of the prominent blockchain networks in the crypto space, experienced a 16% decline in market capitalization in the third quarter (Q3) of 2023, according to a recent report from Messari.
This decline came after a moderate downturn in the overall cryptocurrency market during Q3, despite favorable court rulings for XRP and Grayscale. The total crypto market capitalization declined by 5.8%, with Bitcoin (BTC) and Ethereum (ETH) falling by 7.5% and 10.0%, respectively.
Polkadot Closes Q3 With $5.2 Billion Market Cap
As reported by Messari, Polkadot's market capitalization closed at $5.2 billion, positioning it as the 13th largest crypto asset by market cap in Q3 2023 (currently 15th).
Polkadot's financial structure is based on a weight-based fee model, which differs from the gas-metering model in other networks, such as Ethereum.
Transaction fees in Polkadot are determined and charged before execution, with the calculation comprising a weight fee reflecting computational resources, a length fee based on transaction size, and an optional tip to incentivize block authors.
In Q3 2023, Polkadot generated revenue amounting to $94,000, representing a 3% decrease compared to the previous quarter. Messari suggests that Polkadot's revenue tends to be relatively lower compared to its competitors due to the network's structural design.
On the other hand, the native token of Polkadot, DOT, serves three primary purposes: governance, staking, and paracha...
|DOT Price (Polkadot) Surge to $5.5 – Are Bulls Ready For This?
Polkadot (DOT) is gaining pace above the $4.50 resistance against the US Dollar. The price could surge toward $5.5 if it clears the $4.80 resistance.
DOT is slowly moving higher above the $4.50 resistance zone against the US Dollar. The price is trading above the $4.60 zone and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $4.50 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above $4.80 and $4.85. Polkadot Price Regains Strength
After forming a base above the $4.00 handle, DOT price started a decent increase. The price was able to clear the key barrier at $4.20 to enter a positive zone, like Bitcoin and Ethereum.
Polkadot cleared the $4.50 resistance zone and the 100 simple moving average (4 hours). It traded to a new multi-week high at $4.803 and is now consolidating gains. It is well above the 23.6% Fib retracement level of the upward move from the $4.046 swing low to the $4.803 high.
DOT price is now trading above the $4.60 zone and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $4.50 on the 4-hour chart of the DOT/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $4.046 swing low to the $4.803 high.
Source: DOTUSD on TradingView.com
Immediate resistance is near the $4.80 level. The next major resistance is near $4.85. A successful break a...
|Polkadot Road To Recovery – Will $4 Mark The Turning Point?
Polkadot (DOT) has been grappling with a descending resistance trendline, experiencing a relentless decline since February. In the month of October, the digital asset suffered a 10% drop, plummeting from $4.3 to $3.6.
Market analysts are warning of the potential for further losses should the prevailing bearish pressure persist. However, a slight glimmer of hope emerged as DOT attempted a reversal at $3.6, hinting at the possibility of overcoming the overhead resistance barrier.
At present, the DOT price according to CoinGecko stands at $3.74, depicting a marginal 0.3% decline over the last 24 hours and a 2.8% dip over the span of seven days.
DOT's Struggle For Recovery
The absence of horizontal support below the current price underscores the significance of Fib retracement levels in forecasting potential bottoming areas. Notably, a Fibonacci retracement tool was utilized, encompassing the lower high of $4.8 on August 29 and the recent dip of $3.6 on October 12. This analysis highlighted that the path to recovery for DOT faces significant obstacles at the 23.6% Fib ($3.9) and the 38.2% Fib ($4).
Complicating matters further, the $4 level, serving as the second resistance target, coincides with a daily bearish order block (OB). This confluence suggests that crossing the $3.9 threshold could prove challenging for bullish momentum.
Polkadot Developers Stand Strong
Despite the persistent price downturn, the developers within the Polkadot ecosystem remain resolute and ...
|Polkadot Cross-Chain Bid Takes Flight As DOT Battles Uncertainty
Polkadot (DOT) is making strategic moves to propel its development forward as bearish market conditions continue to cast a shadow over the crypto landscape. In recent weeks, the network has shifted its focus away from speculation, opting instead to double down on its commitment to technological advancement.
This move was evident in the multiple presentations it delivered, shedding light on its ongoing efforts and its ambitious goal of achieving 1,000 parachains.
A Paradigm Shift In Polkadot's Strategy
In a landscape where various blockchain networks are fiercely vying for cross-chain dominance, Polkadot is emerging as a formidable contender. The Sub0 developer conference served as a platform for the network, reaffirming Polkadot’s commitment to cross-chain integration and the immense potential it holds.
GM diligent #Web3 BUIDLers & #crypto degens!
#Polkadot is aiming for the stars !! Announced at #sub0, developers are introducing updates to support 1,000 #parachains, a tenfold increase!
'Asynchronous backing' will halve block time & augment block space, paving the… pic.twitter.com/74YZv8pcwS
— Orbiter One (@OrbiterOne) September 22, 2023
The implications of this move are profound. Polkadot envisions a future where parachains, interconnected through its innovative architecture, foster a thriving ecosystem of decentralized applications, each with its unique use cases and communities. This holistic approach to blockchain interoperability opens up vas...
|Polkadot To Increase Parachains By 10X, Will This Support Free-Falling D...
Polkadot, a platform aiming to drive blockchain interoperability, wants to increase the number of parachains from 100 to 1,000 in a planned upgrade. The network, which remains one of the most valuable by market cap, has, like most layer 1 networks, suffered from dropping user activity over the past months.
DOT Is Down Over 90%
The dip follows the crypto winter in 2022. However, the upcoming upgrade might catalyze demand, even supporting DOT, the native currency.
DOT is changing hands at $4 at spot rates, down by over 90% when prices soared to as high as $55 in the last bull market. Even though the contraction has significantly impacted prices, other altcoins, including Solana and Algorand, suffered the same fate.
Even so, with the Asynchronous backing update, whether DOT will find support is yet to be seen. The reveal on September 21 didn’t move DOT, and the coin is edging lower, towards 2023 lows.
Polkadot developers are now setting their eyes on Asynchronous backing. Sophia Gold, the Engineering Lead at Parity Technologies, said the update is “the most significant evolution of parachain consensus since we launched parachains almost two years ago.”
Their goal is to increase the number of parachains to 1,000 by the end of 2024, effectively boosting the network’s transaction processing speeds to over 1 million.
Asynchronous backing enables flexible scheduling for our future scaling work through elastic scaling and inst...
|DOT Price (Polkadot) Hints At Potential Recovery, Here's What Could Prop...
Polkadot’s DOT is recovering higher from the $3.92 support against the US Dollar. The price could gain pace if it clears the $4.20 and $4.35 resistance levels.
DOT is slowly moving higher above the $4.05 resistance zone against the US Dollar. The price is trading just above the $4.15 zone and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $4.175 on the 4-hour chart of the DOT/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above $4.20 and $4.35. Polkadot’s DOT Price Faces Uphill Task
After a sharp decline, DOT price found support near the $3.90 zone. A low is formed near $3.91 and the price is now attempting a fresh increase, like Bitcoin and Ethereum.
There was a break above the $4.00 and $4.05 resistance levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $4.80 swing high to the $3.91 low. DOT is now trading just above the $4.15 zone and the 100 simple moving average (4 hours).
Immediate resistance is near the $4.20 level. There is also a key bearish trend line forming with resistance near $4.175 on the 4-hour chart of the DOT/USD pair.
Source: DOTUSD on TradingView.com
The next major resistance is near $4.35. It is near the 50% Fib retracement level of the downward move from the $4.80 swing high to the $3.91 low. A successful break above $4.35 could start a strong rally. In the stated case, the price could easily rally to...
|Circle's USDC Stablecoin is Now Available on Polkadot Asset Hub
Circle, a stablecoin issuer, has introduced the USDC stablecoin into the Polkadot ecosystem of parachains. This move signifies a significant extension of the accessibility of this dollar-backed stablecoin across different blockchain networks.
As detailed on Circle's official website, developers and users can now readily access Polkadot USDC. That means the stablecoin can be seamlessly transmitted to parachains within Polkadot by leveraging the XCM protocol through Circle Account and Circle APIs.
Circle Launches USDC Stablecoin
The Polkadot USDC is inherently generated on the Polkadot Asset Hub, a shared parachain dedicated to creating, administrating, and moving digital assets within the Polkadot network.
Circle explicitly emphasizes that its Circle Account and Circle APIs exclusively facilitate transactions involving Polkadot USDC that have been originally issued on the Polkadot Asset Hub within the Polkadot ecosystem. That means users must transfer USDC from their Circle Account to an external wallet address within the Polkadot Asset Hub before engaging in transactions via the XCM protocol.
Additionally, Circle stated that when moving USDC from the Polkadot Asset Hub to other parachains through XCM, it is imperative to conduct a transfer back to the Polkadot Asset Hub via XCM before depositing it into the Circle Account. Circle strongly advises against attempting to deposit XCM-transferred USDC from a parachain other than the Polkadot Asset Hub into a Circle Account, as thi...
|Polkadot Price Target – Will DOT Hit The $5.5 Mark As August ...
Polkadot (DOT), the innovative cryptocurrency known for its interoperability-focused blockchain platform, displayed a surge in buying pressure, indicating a potential short-term bullish trend. Despite this optimism, cautious conditions still prevail for prospective buyers in the volatile crypto landscape.
While DOT faced a 2.1% slump in the past 24 hours and a marginal 0.2% decline over the past week, its overall outlook remains influenced by both market dynamics and broader technological advancements.
Undoubtedly, Polkadot's performance in the crypto market has been buoyed by widespread innovation and increased adoption. Currently priced at $4.50 according to CoinGecko, the coin's value reflects not just its market position but also its underlying technological progress.
Polkadot Driving Factors
Santiment, a reputable on-chain data firm, recently unveiled that the Polkadot project has exhibited robust development activity throughout 2023. Impressively, it secured a place among the top three projects with the highest GitHub submissions, signaling a thriving developer community and continuous improvements.
Throughout 2023, #Polkadot & #Kusama shared the honors for most #github development in #crypto according to our calculations for notable activity. However, #Cardano has finally outpaced them. Read more about how @santimentfeed tracks dev. activity here: https://t.co/vWQCE4a1nv pic.twitter.com/6KBUNf0BIt
— Santiment (@santimentfeed) August 21, 2023
|Here's Why The Polkadot Price Is Rising, While Launchpad XYZ Approaches ...
Major cryptocurrencies had another weak showing yesterday, highlighted by a modest 0.3% increase in the global crypto market cap. Bitcoin once again fell below the $26K price mark, with experts predicting more downside in the coming days.
Despite the growing liquidity concerns in the crypto market, Polkadot saw close to a 40% surge in its daily trading volume which resulted in the token bouncing by 3% in the past 24 hours. Widespread innovation and adoption are also helping $DOT outperform the bearish crypto mark.
Launchpad XYZ is another project that is displaying bullish strength, having already raised close to $1.5 million in its ICO.
Polkadot Surges on the Back of Rapid Innovation, Increased Adoption
Polkadot has emerged as one of the top-performing crypto assets in the past day, surging 3% in the daily time frame and 3.5% over the past week. Thanks to a 37% increase in its 24-hour trading volume, the token is now trading at $4.60 with a market capitalization of over $5.5 billion.
TradingView, a technical analysis platform, gives a Buy signal to $DOT in the 4-hour time frame, with the 100 Exponential Moving Average at $4.61 serving as the next target for the bulls. Even the MACD oscillator indicator has flipped to green, which could point to an upcoming buying spree.
$DOT’s resurgence, despite the widespread bearishness in the crypto market, can be attributed to the bustling innovation and adoption in the Polkadot ecosystem. Last week, Circle announced that the USD...
|Polkadot Bearish Trends Set The Stage For Bullish Possibilities – ...
Polkadot (DOT) has managed to capture the attention of traders and investors alike. Despite a persistently bearish market structure, recent indicators point towards a potential bullish recovery on the horizon.
As of the latest data from CoinGecko, DOT is currently trading at $5.02, with a 0.7% gain in the past 24 hours and a 1.5% increase over the past seven days.
With the broader market experiencing an upward price trajectory, DOT buyers are poised to reap potential benefits. Analyzing the market dynamics, the Relative Strength Index (RSI) has unveiled a recovering buying pressure.
Signs Of Revival Emerge Amidst Market Uncertainty
A recent price analysis points out that the RSI has edged closer to the neutral 50 level, marking a significant shift from its recent spell within the oversold zone. This shift suggests an increasing appetite for DOT tokens among traders, potentially setting the stage for a bullish resurgence.
Further fueling the optimism, the Chaikin Money Flow (CMF) indicator has displayed an uptick in buyer confidence. The CMF, a measure of the volume and flow of capital into or out of a cryptocurrency, has made a decisive move from the zero mark, currently standing at +0.20. This reading highlights the influx of capital into DOT, indicating a growing sense of positivity and enthusiasm among buyers.
Polkadot Bulls Eye Key Price Levels, Bears Await
In the coming days, bulls within the DOT market are gearing up to challenge the bears for ownership...
|How High Can the Polkadot Price and Chainlink Price Go? Launchpad XYZ Hi...
Cryptocurrencies like Polkadot ($DOT) and Chainlink ($LINK) have experienced a tumultuous year thus far, with extended bull runs immediately followed by sharp drops.
However, with the crypto market showing signs of renewed optimism, some investors speculate that $DOT and $LINK could reach the fabled $10 mark in the weeks ahead.
Meanwhile, another new Web3 project, Launchpad XYZ ($LPX), is also gaining momentum – and has recently hit the $1.2 million funding milestone in its ongoing presale.
$DOT Price Could Push to $10 If Bullish Momentum Returns
Polkadot’s price has been highly volatile in recent weeks, with the token now trading around $5.02 – up 16% year-to-date.
Although this is a much lower return than Bitcoin and Ethereum, analysts still ponder whether $DOT could reach the $10 level in its current cycle.
As a leading blockchain interoperability protocol, Polkadot aims to facilitate seamless information transfers between various networks.
This functionality has garnered significant interest, and Polkadot’s ecosystem now hosts over 380 projects, according to data from PolkaProject.
With so much building on Polkadot, there's a growing belief that $DOT could see more upside, given how vital the token is to the ecosystem.
Some analysts have even set price targets above $10 for $DOT; for example, renowned market commentator Crypto Dose tweeted that he believes the token could be priced at $900 by 2025.
However, for this to occur, $DOT would need to sh...
|Biggest Movers: DOT Drops to 6-Week Low on Tuesday
Polkadot was one of Tuesday's biggest movers, as the token dropped to a six-week low in today’s session. Prices fell for a long-term support point of $5.60, as the global crypto market cap was once again 1% lower today. Avalanche also hit a price floor on Tuesday.Polkadot (DOT)
Polkadot (DOT) was down for a second straight session on Tuesday, as sentiment in cryptocurrency markets remained bearish.
DOT/USD dropped to a low of $5.61 earlier in the day, which comes less than 24 hours after trading at a high of $5.82.
As a result of the move, polkadot slipped to its weakest point since March 12, when price was trading at $5.47.
Today’s decline saw DOT near a floor at $5.60, with bulls so far rejecting a breakout below this point.
At the time of writing, the token is trading at $5.68, which comes as the relative strength index (RSI) jumped from a floor of its own.
The index rebounded from a floor at 36.00, and as of writing, is tracking at 37.52.
In addition to DOT, Avalanche (AVAX) was another notable mover on Tuesday, as the token fell to its own level of support.
Following a high of $17.06 to start the week, AVAX/USD sunk to a bottom at $16.53 earlier today.
Tuesday's decline saw bears attempt to take avalanche to a long-term price floor at $16.30, however they were unsuccessful, thus far.
Looking at the chart, and similar to what occurred with DOT, the breakout was rejected as the RSI remained above a floor of 41.00.
As of writing, price streng...
|Crypto Price Analysis Mar-17: ETH, XRP, ADA, BNB, DOT
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot.
This week, the market sentiment completely shifted, with bulls taking full control of the price action. ETH rallied by 21%, making it the best performer on our list. This spectacular rally allowed it to break above the key resistance at $1,660, which has now turned into support.
With the uptrend in full swing, this cryptocurrency can reach $2,000, which is a key psychological level. The momentum indicators are bullish, and there is no sign of exhaustion yet.
Looking ahead, it seems likely that ETH could move higher and test the key resistance levels found at $1,800 and $2,000. Sellers already paid an expensive price trying to short the market, and for this reason, they are absent at this time.
Chart by TradingView
While most of the market is rallying, XRP appears to be lagging behind, registering only a 1% increase this past week. This is rather surprising, considering the bullish sentiment across the board.
As XRP is a momentum coin, it could be that its price will catch up at a later time when money will rotate from altcoins that are currently registering significant moves. The key resistance is found at 40 cents, and the support was well defended to date, at just above 34 cents.
Looking ahead, XRP appears to be trending between the key levels without any significant breakout.
Chart by TradingView
Cardano's downtrend came to an abrupt stop thi...
|Biggest Movers: AVAX Hits 2-Week Low as DOT Extends Recent Losses
Avalanche fell to a two-week low on Tuesday, as the token broke out of a key support point. Prices fell below a floor at $17.50, which comes as the global cryptocurrency market cap is down by 1.01% as of writing. Polkadot also extended its recent losses, falling by nearly 3% on Feb. 28.Avalanche (AVAX)
Avalanche (AVAX) slipped to a multi-week low on Tuesday, as prices moved below a key support point.
Following a high of $18.62 to start the week, AVAX/USD dropped to a bottom of $17.39 earlier in today’s session.
This move saw avalanche hit its weakest level since February 13, which is the last time prices were under $17.00.
From the chart, it appears that one of the catalysts for the drop was a breakout on the relative strength index (RSI).
Price strength dropped below a floor at 43.00, and as of writing, the RSI is tracking at the 42.28 level.
The next visible point of support seems to be near the 40.00 mark, and should this be hit, there is a strong chance that AVAX will move below $17.00.
In addition to AVAX, polkadot (DOT) also extended recent losses, falling for a second straight session.
DOT/USD moved to a low of $6.43 on Tuesday, after starting the week trading at a high of $6.78.
As a result of today’s drop, DOT has now fallen for seven of the last eight sessions, dropping by over 11% in that time.
Like with AVAX, today’s sell-off came as the RSI broke out of a floor — in this instance the 48.00 zone.
As of writing, the index i...
|Crypto Price Analysis Feb-24: ETH, XRP, ADA, DOT, LINK
This week, we take a closer look at Ethereum, Ripple, Cardano, Polkadot, and Chainlink.
Ethereum's price action was rather tame this past week and only booked a 0.5% increase. This highlights that this cryptocurrency is in a consolidation period at around $1,600.
The key resistance is found at $1,700, and the support is holding well at $1,550. While market participants remain undecided on the next steps for ETH, the price continues to bounce between these key levels.
Looking ahead, ETH may benefit from the most recent news that Coinbase has launched its own Layer-2 (L2) solution, which is built on top of Optimism. Called Base, this L2 does not have its own token, and ETH will be used for fees. As the Ethereum ecosystem grows, its price could move higher due to such fundamentals.
Chart by TradingView
Ripple shares a similar story with Ethereum and also registered a 0.5% price increase in the past week. The trend is rather flat at the time of this post since buyers have failed to gather sufficient momentum to move the price.
With good support at 36 cents, XRP is well positioned to consolidate and move higher once momentum shifts. The price is also coiling up under the key resistance at 40 cents which could turn out bullish.
Looking ahead, any sustained rally by this cryptocurrency above 40 cents will likely move quite fast toward the next key level of resistance at 50 cents. We do not know when this will happen, but history shows that XRP is ve...
|Biggest Movers: DOT Remains Near Multi-Month High, as LINK Hits 9-Day Hi...
Polkadot remained close to its highest level since September, as bullish sentiment rose to start the weekend. Following a move above $7.00 on Friday, momentum was high during Saturday’s session. Chainlink was also higher, with prices tracking at a nine-day high.Polkadot (DOT)
Polkadot (DOT) remained close to a multi-month high on Saturday, following a breakout above a $7.15 resistance level.
DOT/USD surged to an intraday high of $7.39 to start the weekend, following a low of $6.71 the day prior.
Following Friday’s low, the token rose significantly higher as the day progressed, climbing to a six-month peak of $7.42.
Dot chart by TradingView
As a result of this move, the 10-day (red) moving average is now nearing an upwards cross with its 25-day (blue) counterpart.
This comes less than a week after a downward cross, however, momentum seems to have already shifted.
Should bulls maintain this trajectory, it is likely that $8.00 will be the short-term target.
Chainlink (LINK) also moved higher to start the weekend, with prices climbing to a nine-day high.
Following a low of $7.26 on Friday, LINK/USD raced to a peak of $7.71 earlier in today’s session.
The move ...
|Biggest Movers: SHIB, DOT Remain Near 3-Month Highs, Despite Crypto Mark...
Shiba inu was one of Friday’s biggest gainers, as the meme coin remained close to a recent three month high. The token has been in the green for the majority of today’s session, despite the global cryptocurrency market cap falling 1.28% at the time of writing. Polkadot was also higher, as it continued to trade above a key price ceiling.Shiba inu (SHIB)
Shiba inu (SHIB) was a notable mover on Friday, with prices remaining close to yesterday's three month high.
SHIB/USD rose to a high of $0.00001291 on Thursday, which was its strongest point since November, however fell lower, as bulls moved to take profits.
As traders abandoned their positions, SHIB fell to a low of $0.00001196 yesterday, however prices have since recovered, and are currently sitting at $0.00001251.
Looking at the chart, Thursday’s decline pushed SHIB towards a floor at 61.00 on the relative strength index (RSI), however bulls rejected a breakout.
As of writing this, the index is tracking at 69.41, which is marginally below a resistance point at 70.00.
In order for SHIB to recapture yesterday’s peak, this ceiling at 70.00 will first need to be broken.
Polkadot (DOT) also maintained bullish momentum in today’s session, as the token continued to trade above a key resistance level.
After giving up a high of $6.84 on Thursday, DOT/USD dropped to a low of $6.53 later in the day.
The token has since rebounded, and as of writing this is currently trading at $6.79, which ...
|DOT Price (Polkadot) Prediction: Break Above $6.80 Could Spark Fresh Ral...
Polkadot’s DOT started a fresh increase from the $6.00 support against the US Dollar. It is consolidating gains and might start a fresh rally above $6.80.
DOT is holding the ground above the $6.00 and $6.20 levels against the US dollar. The price is trading above the $6.30 support and the 100 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $6.20 on the 4-hours chart of the DOT/USD pair (data source from Kraken). The pair could start a strong rally once it clears the $6.80 and $7.00 resistance levels. Polkadot’s DOT Eyes Fresh Surge
After forming a base above the $6.00 zone, DOT price started a fresh increase. It climbed above the $6.05 and $6.10 levels to move back into a positive zone.
The bulls were able to push the price above the $6.20 level and 100 simple moving average (4-hours). Besides, there was a break above a key bearish trend line with resistance near $6.20 on the 4-hours chart of the DOT/USD pair.
A high is formed near $6.90 and the price is now consolidating gains, similar to bitcoin and ethereum. There was a move below the $6.70 level. It declined below the 23.6% Fib retracement level of the upward move from the $6.03 swing low to $6.90 high.
Dot price is now trading above the $6.30 support and the 100 simple moving average (4-hours). An immediate resistance is near the $6.80 level. The main resistance is near the $6.95 and $7.00 levels.
Source: DOTUSD on TradingView.com
A successful break abo...