💥💥💥 #Polkadot Races Ahead: Conor Daly Drives $DOT to Indy 500 Spotlight
Polkadot’s $2.1 million sponsorship of Conor Daly in the 108th Indy 500 boosted DOT’s visibility, reaching 13.3 million viewers and generating 59 million social media impressions. This collaboration, secured through community vote via OpenGov referendum #514, showcased Polkadot at the Indianapolis Motor Speedway, potentially setting the stage for a bullish reversal in DOT’s price.
Polkadot's Network and Daly’s Involvement
- Polkadot’s sponsorship was supported by a treasury of 41 million DOT. Daly, now actively involved with Polkadot, will speak at the upcoming Polkadot Decoded Conference in Brussels. His father, Derek Daly, also holds DOT in his portfolio.
Ecosystem Growth
- Polkadot is enhancing #Blockchain interoperability, attracting over 3.4 million holders who have staked 58% of the total circulating supply. The network is developing infrastructure for seamless product adoption, such as the Snowbridge for #Ethereum✅ liquidity transfers.
DOT Price Action
- Despite a recent 22% price drop, DOT is forming a bullish inverted head and shoulders pattern on the weekly chart, suggesting a potential rally to its all-time high. DOT was trading around $5.63 as of June 21, 2024.
Source - crypto-news-flash.com
