polkadotupdate
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Why is the Polkadot Price dropping?
Polkadot (DOT), recognized for its innovation in the crypto space, is facing challenges as its price has fallen from a high of $11.80 in March to its current level, marking a 50% drop. Despite a recent protocol upgrade intended to improve its functionality and scalability, technical analysis suggests that DOT’s price could decline by an additional 13% soon.
Polkadot’s Price Under Pressure
Polkadot (DOT), the leading Layer-0 blockchain, is facing a drop in demand this July, with activity on its Relay Chain and parachains expected to hit their lowest levels this year. This decrease is causing DOT’s price to hover in a narrow range, showing signs of increasing selling pressure.
Despite the price drop, which has seen DOT fall by 2.8% in the last 24 hours to around $5.68, the network’s on-chain activity remains strong. The daily holder count is at an all-time high of 1.3 million, with 321 new users added recently.
According to Polkadot Subscan, the daily active users have also increased by 19.21%, and on-chain volume has reached a record high.
Furthermore, data from Coinalyze shows that open interest is relatively low, with only a slight increase of 0.12% in the past day. Nevertheless, the Long/Short ratio stands at 2.83, meaning that 73.86% of traders are optimistic and betting on a price increase. This indicates that while the market is currently cautious, there is still a potential for a rebound in the future
#BinanceTurns7 #SOFR_Spike #BinanceTournament #MtGoxJulyRepayments #polkadotupdate
Polkadot’s Price Under Pressure
Polkadot (DOT), the leading Layer-0 blockchain, is facing a drop in demand this July, with activity on its Relay Chain and parachains expected to hit their lowest levels this year. This decrease is causing DOT’s price to hover in a narrow range, showing signs of increasing selling pressure.
Despite the price drop, which has seen DOT fall by 2.8% in the last 24 hours to around $5.68, the network’s on-chain activity remains strong. The daily holder count is at an all-time high of 1.3 million, with 321 new users added recently.
According to Polkadot Subscan, the daily active users have also increased by 19.21%, and on-chain volume has reached a record high.
Furthermore, data from Coinalyze shows that open interest is relatively low, with only a slight increase of 0.12% in the past day. Nevertheless, the Long/Short ratio stands at 2.83, meaning that 73.86% of traders are optimistic and betting on a price increase. This indicates that while the market is currently cautious, there is still a potential for a rebound in the future
#BinanceTurns7 #SOFR_Spike #BinanceTournament #MtGoxJulyRepayments #polkadotupdate
POLKADOT (DOT) predictions‼️
🚀 Can Polkadot (DOT) Price Reach $12 After Outperforming Solana and Cardano? 🌐
Polkadot (DOT) is experiencing a bullish surge fueled by increasing interest from institutional investors. Despite this positive momentum, the altcoin faces resistance levels on its path to reclaiming previous highs.🥇
Outperforming Competitors: Polkadot has outperformed rivals like Solana and Cardano, attracting attention from institutional investors. In the week ending March 23, DOT saw inflows of $5 million, while SOL and ADA experienced outflows.
This institutional interest has contributed to DOT's recent price recovery.📊
Retail Investor Sentiment: Retail investors are also showing renewed bullish sentiment towards Polkadot, further supporting its upward trajectory.
This resurgence in optimism is crucial for sustaining DOT's upward momentum.💡
Price Prediction: Analysts predict that Polkadot could target the $12 mark, representing a potential rally of 31%.
While DOT fell short of this target in the previous bull run, it now has a chance to reach it, provided it can overcome resistance levels at $10 and $11.#polkadot2 #polkadotupdate #DOTAnalysis #Priceanalysis
Polkadot (DOT) is experiencing a bullish surge fueled by increasing interest from institutional investors. Despite this positive momentum, the altcoin faces resistance levels on its path to reclaiming previous highs.🥇
Outperforming Competitors: Polkadot has outperformed rivals like Solana and Cardano, attracting attention from institutional investors. In the week ending March 23, DOT saw inflows of $5 million, while SOL and ADA experienced outflows.
This institutional interest has contributed to DOT's recent price recovery.📊
Retail Investor Sentiment: Retail investors are also showing renewed bullish sentiment towards Polkadot, further supporting its upward trajectory.
This resurgence in optimism is crucial for sustaining DOT's upward momentum.💡
Price Prediction: Analysts predict that Polkadot could target the $12 mark, representing a potential rally of 31%.
While DOT fell short of this target in the previous bull run, it now has a chance to reach it, provided it can overcome resistance levels at $10 and $11.#polkadot2 #polkadotupdate #DOTAnalysis #Priceanalysis
Crypto Market Shows Signs of Recovery Amid Upcoming Economic Events in the U.S.
A very good news for Crypto Market.
#BTC🌪️
#ETH🔥🔥🔥
#SolanaInvesting
#polkadotupdate
A very good news for Crypto Market.
#BTC🌪️
#ETH🔥🔥🔥
#SolanaInvesting
#polkadotupdate
Investors Beware
Polkadot ($DOT ) Unlocking Event
Investors, brace yourselves as Polkadot ($DOT ) gears up for a substantial unlocking event. Scheduled for May 26, the network is poised to release a substantial tranche of tokens totaling 401,230, equivalent to a staggering $2.89 million.
This unlocking event has been long-awaited, and its implications extend beyond immediate market reactions. While the current market valuation of these tokens may not incite immediate panic, it's imperative to consider the broader context.
Historical data suggests that such unlocking events can exert significant pressure on market dynamics, potentially influencing investor sentiment and asset prices. Therefore, meticulous attention to market movements in the lead-up to and aftermath of the unlock day is warranted.
Decisive Factors: BTC Performance
While the sheer magnitude of the unlocking event is noteworthy, investors must also factor in the decisive role that Bitcoin's performance could play. Given Bitcoin's status as a bellwether for the broader cryptocurrency market, its movements on the unlock day could serve as a crucial determinant of $DOT 's trajectory.
Strategic Vigilance
In light of these developments, investors are advised to exercise strategic vigilance and closely monitor market movements. Assessing the interplay between unlocking events, broader market dynamics, and Bitcoin's performance will be instrumental in navigating potential volatility and seizing opportunities amidst uncertainty.
Stay informed, stay alert, and proceed with caution as the cryptocurrency landscape braces for significant developments in the coming days. $DOT $BTC $SOL
#POLKADOT'S #dotcoin #altcoins #polkadotupdate #polkadot2.0
Disclaimer:
Research before investing, use only risk-worthy funds, and take full responsibility for your decisions.
Polkadot ($DOT ) Unlocking Event
Investors, brace yourselves as Polkadot ($DOT ) gears up for a substantial unlocking event. Scheduled for May 26, the network is poised to release a substantial tranche of tokens totaling 401,230, equivalent to a staggering $2.89 million.
This unlocking event has been long-awaited, and its implications extend beyond immediate market reactions. While the current market valuation of these tokens may not incite immediate panic, it's imperative to consider the broader context.
Historical data suggests that such unlocking events can exert significant pressure on market dynamics, potentially influencing investor sentiment and asset prices. Therefore, meticulous attention to market movements in the lead-up to and aftermath of the unlock day is warranted.
Decisive Factors: BTC Performance
While the sheer magnitude of the unlocking event is noteworthy, investors must also factor in the decisive role that Bitcoin's performance could play. Given Bitcoin's status as a bellwether for the broader cryptocurrency market, its movements on the unlock day could serve as a crucial determinant of $DOT 's trajectory.
Strategic Vigilance
In light of these developments, investors are advised to exercise strategic vigilance and closely monitor market movements. Assessing the interplay between unlocking events, broader market dynamics, and Bitcoin's performance will be instrumental in navigating potential volatility and seizing opportunities amidst uncertainty.
Stay informed, stay alert, and proceed with caution as the cryptocurrency landscape braces for significant developments in the coming days. $DOT $BTC $SOL
#POLKADOT'S #dotcoin #altcoins #polkadotupdate #polkadot2.0
Disclaimer:
Research before investing, use only risk-worthy funds, and take full responsibility for your decisions.
$DOT #polkadotupdate #Spotcoins
Spot Buy: #Polkadot The altCoin which can survive if ethereum is scrutinized and dragged in courts.
we should not be surprised to see an etf of Dot.
Dot is a software npt a coin...
Spot Buy: #Polkadot The altCoin which can survive if ethereum is scrutinized and dragged in courts.
we should not be surprised to see an etf of Dot.
Dot is a software npt a coin...
#write2earn #Polkadot ( $DOT ) Poised for Breakout: Analyzing Potential Resistance Levels #PolkadotAnalysis #DOT #polkadotupdate
Polkadot (DOT) is approaching a critical resistance level at $7.60, signaling potential upward movement. With rising open interest and bullish indicators, analysts anticipate DOT may surpass this resistance and target $8.
During a recent consolidation phase between $6 and $7, DOT saw significant price action over the weekend, breaking past the 200-day SMA with an 8.38% increase on Saturday to $7.24. Despite a slight dip on Sunday, DOT closed above $7 at $7.14, followed by a 4.62% increase on Monday, settling at $7.47.
Currently trading at $7.48, DOT's chart shows strong support at $7, backed by the 200-day SMA, with secondary support at $6.40. The 20-day SMA and the 200-day SMA are key reference points, potentially influencing DOT's trajectory. Breaking past the 20-day SMA could trigger a rally towards $8 and the 50-day SMA at $9, while failure may lead to a retreat to $7 or $6.40.
Bullish indicators include the MACD's positive trend and a noted analyst highlighting a potential breakout pattern. On-chain metrics support optimism, with a drop in funding rate on April 22nd and increased open interest. The Relative Strength Index (RSI) indicates a move towards neutral territory, reinforcing positive sentiment for Polkadot's future.
Polkadot (DOT) is approaching a critical resistance level at $7.60, signaling potential upward movement. With rising open interest and bullish indicators, analysts anticipate DOT may surpass this resistance and target $8.
During a recent consolidation phase between $6 and $7, DOT saw significant price action over the weekend, breaking past the 200-day SMA with an 8.38% increase on Saturday to $7.24. Despite a slight dip on Sunday, DOT closed above $7 at $7.14, followed by a 4.62% increase on Monday, settling at $7.47.
Currently trading at $7.48, DOT's chart shows strong support at $7, backed by the 200-day SMA, with secondary support at $6.40. The 20-day SMA and the 200-day SMA are key reference points, potentially influencing DOT's trajectory. Breaking past the 20-day SMA could trigger a rally towards $8 and the 50-day SMA at $9, while failure may lead to a retreat to $7 or $6.40.
Bullish indicators include the MACD's positive trend and a noted analyst highlighting a potential breakout pattern. On-chain metrics support optimism, with a drop in funding rate on April 22nd and increased open interest. The Relative Strength Index (RSI) indicates a move towards neutral territory, reinforcing positive sentiment for Polkadot's future.
$DOT - Bullish setup 📈
I post it here:
-Classic configuration: the 50% fiber support zone acts as a bullish support before a possible new pump!📈
-The bearish channel corresponding to the 50% fib retest has been broken📈
-I also see a possible triple bottom on the Weekly chart📈
Key supports:
4.250$ zone - 4.050$ - 3.880$
Upper resistances:🎯
4.450$ - 4.580$ - 4.650 - 4.725 - 4.980 & 5.100$ (W)
The $5.00 area should be tested again! [mid term]
We might breakout & a big move within some hours.
Don't forget to visit my profil page & vote for me for the #BinanceSquareCreatorAward 🏆
#DOT #Crypto_Jobs🎯 #DOT_UPDATE
#polkadotupdate
I post it here:
-Classic configuration: the 50% fiber support zone acts as a bullish support before a possible new pump!📈
-The bearish channel corresponding to the 50% fib retest has been broken📈
-I also see a possible triple bottom on the Weekly chart📈
Key supports:
4.250$ zone - 4.050$ - 3.880$
Upper resistances:🎯
4.450$ - 4.580$ - 4.650 - 4.725 - 4.980 & 5.100$ (W)
The $5.00 area should be tested again! [mid term]
We might breakout & a big move within some hours.
Don't forget to visit my profil page & vote for me for the #BinanceSquareCreatorAward 🏆
#DOT #Crypto_Jobs🎯 #DOT_UPDATE
#polkadotupdate
Polkadot DOT just launched a runtime upgrade on the mainnet! Unexpectedly, it caused a halt in parachain activity.
#polkadotupdate #DOT
#polkadotupdate #DOT
What is the Polkadot price prediction for 2024?
Polkadot is forecasted to trade within a range of $ 4.53 and $ 21.36. If it reaches the upper price target, DOT could increase by 376.10% and reach $ 21.36.
#polkadotupdate #POLKADOT'S #POLKADOTE #MarketDownturn #Write2Earn
Polkadot is forecasted to trade within a range of $ 4.53 and $ 21.36. If it reaches the upper price target, DOT could increase by 376.10% and reach $ 21.36.
#polkadotupdate #POLKADOT'S #POLKADOTE #MarketDownturn #Write2Earn
DeFi and Hydration are getting better, Polkadot is budgeting $14.4M for it !
Polkadot’s leading DeFi project – Hydration, is thrilled to announce that it has been awarded 2 million DOT (equivalent to $14.4 million) tokens from the Polkadot treasury. The funds have been earmarked to bolster the liquidity and trading efficiency of Hydration’s single-sided liquidity provisioning platform Omnipool.
The allocation of the DOT tokens is twofold. One million DOT will be spent over the course of one year to attract fresh liquidity to the Polkadot ecosystem, with initial rewards for Liquidity Providers (LPs) ranging above the 200% APY mark. Thanks to the single-sided LP design of the Hydration Omnopool, users will start receiving rewards after providing a single asset and joining an incentives farm, with various assets being incentivized including native stablecoins, DOT, BTC and several ecosystem coins.
The remaining one million DOT will be injected directly into the Hydration Omnipool itself, with the goal of supporting the creation of a robust, accessible layer of native liquidity to benefit the broader Polkadot 2.0 ecosystem over time (Treasury Proposal #730). The capital adds to an existing 690k+ dot (AND 560k+ vDOT) already LPed into the Hydration Omnipool.
Hydration co-founder Jakub Gregus said, “This generous allocation from the Polkadot treasury marks a pivotal moment for Hydration. With this welcome injection of liquidity, we are able to significantly deepen our liquidity, which is vital not just for our growth but also for the continued health of the entire Polkadot ecosystem.
“The Hydration Omnipool is designed to provide unparalleled efficiency and accessibility in trading crypto-assets, and this support from the Polkadot treasury is a testament to the potential impact of our forward-looking approach.”
The funding provided for the Hydration Omnipool, provided in a decentralized and non-custodial manner, will remain under the control of the Polkadot Protocol and OpenGov.
This strategic initiative is expected to drive significant advancements in how liquidity is provided and managed within the Polkadot ecosystem, setting a new standard for liquidity solutions in the shared blockchain network.
#DeFi #defi #polkadot #polkadotupdate #DEFI
$DOT
The allocation of the DOT tokens is twofold. One million DOT will be spent over the course of one year to attract fresh liquidity to the Polkadot ecosystem, with initial rewards for Liquidity Providers (LPs) ranging above the 200% APY mark. Thanks to the single-sided LP design of the Hydration Omnopool, users will start receiving rewards after providing a single asset and joining an incentives farm, with various assets being incentivized including native stablecoins, DOT, BTC and several ecosystem coins.
The remaining one million DOT will be injected directly into the Hydration Omnipool itself, with the goal of supporting the creation of a robust, accessible layer of native liquidity to benefit the broader Polkadot 2.0 ecosystem over time (Treasury Proposal #730). The capital adds to an existing 690k+ dot (AND 560k+ vDOT) already LPed into the Hydration Omnipool.
Hydration co-founder Jakub Gregus said, “This generous allocation from the Polkadot treasury marks a pivotal moment for Hydration. With this welcome injection of liquidity, we are able to significantly deepen our liquidity, which is vital not just for our growth but also for the continued health of the entire Polkadot ecosystem.
“The Hydration Omnipool is designed to provide unparalleled efficiency and accessibility in trading crypto-assets, and this support from the Polkadot treasury is a testament to the potential impact of our forward-looking approach.”
The funding provided for the Hydration Omnipool, provided in a decentralized and non-custodial manner, will remain under the control of the Polkadot Protocol and OpenGov.
This strategic initiative is expected to drive significant advancements in how liquidity is provided and managed within the Polkadot ecosystem, setting a new standard for liquidity solutions in the shared blockchain network.
#DeFi #defi #polkadot #polkadotupdate #DEFI
$DOT
Based on today's classical pivot point (P1) with the value of $ 4.59, Polkadot has support levels of $ 4.49, $ 4.37, and the strongest at $ 4.28. Similarly, Polkadot resistance levels are at $ 4.70, $ 4.80, and $ 4.91.
#POLKADOTE #polkadotupdate #POLKADOT'S #MarketDownturn #Write2Earn
#POLKADOTE #polkadotupdate #POLKADOT'S #MarketDownturn #Write2Earn
Criptomonedas Emergentes a Tener en Cuenta en 2024
🌟 Criptomonedas Emergentes a Tener en Cuenta en 2024 🌟
El mercado de criptomonedas está en constante evolución, y nuevas monedas emergentes están captando la atención de los inversores. Aquí hay algunas criptomonedas prometedoras que podrían destacar en 2024.
🔍 Monedas Destacadas:
Solana (SOL): Famosa por su alta velocidad y bajas tarifas.Polkadot (DOT): Facilitando la interoperabilidad entre blockchains.Cardano (ADA): Enfocada en la escalabilidad y sostenibilidad.
Investiga estas opciones y mantente al día con las tendencias del mercado. 📈
¿Conoces otra moneda emergente de gran potencial? ¡Comenta!
📅 Fecha: 13 de junio de 2024
📊 #Criptomonedas #SolanaStrong #polkadotupdate #CardanoPredictions
El mercado de criptomonedas está en constante evolución, y nuevas monedas emergentes están captando la atención de los inversores. Aquí hay algunas criptomonedas prometedoras que podrían destacar en 2024.
🔍 Monedas Destacadas:
Solana (SOL): Famosa por su alta velocidad y bajas tarifas.Polkadot (DOT): Facilitando la interoperabilidad entre blockchains.Cardano (ADA): Enfocada en la escalabilidad y sostenibilidad.
Investiga estas opciones y mantente al día con las tendencias del mercado. 📈
¿Conoces otra moneda emergente de gran potencial? ¡Comenta!
📅 Fecha: 13 de junio de 2024
📊 #Criptomonedas #SolanaStrong #polkadotupdate #CardanoPredictions
$DOT has been pretty quiet lately! 💤 While other projects have been booming, DOT's price has been stuck in a rut, down from its peak 30%! ⛈️😤
Let's take a closer look at the numbers:
▶️ Daily Users: Around 4k per day. Not great.
▶️ Daily Transactions: A decent 37k per day.
▶️ TVL: A shockingly low $70k. 📉🤯 (Think $TRX with $8b TVL)
▶️ Revenue: Less than $1k per day. 🤡
So, what's going on? Is #DOT a zombie? 🧟♂️🥴 Or is it just taking a nap? 🙈
Let us know your thoughts! And remember, the crypto market can be unpredictable. ⚠️ DYOR! #polkadotupdate #Altcoins
Let's take a closer look at the numbers:
▶️ Daily Users: Around 4k per day. Not great.
▶️ Daily Transactions: A decent 37k per day.
▶️ TVL: A shockingly low $70k. 📉🤯 (Think $TRX with $8b TVL)
▶️ Revenue: Less than $1k per day. 🤡
So, what's going on? Is #DOT a zombie? 🧟♂️🥴 Or is it just taking a nap? 🙈
Let us know your thoughts! And remember, the crypto market can be unpredictable. ⚠️ DYOR! #polkadotupdate #Altcoins
Dot 🧨
Dear traders, Polkadot is a sharded network for cross-chain communication and interoperability, connecting multiple blockchains into one unified network.$DOT
Its currently touching major support where it looks good to buy! It’s ranking 16th with more than 6 B. Market cap!
Do your own research and review the chart before buying some at bargain price!
Good October pump & Good luck 💰🙌🏻✨🤠🥂#polkadotupdate #BargainOpportunities #SupportZone #writetoearn $BTC $ETH
Dear traders, Polkadot is a sharded network for cross-chain communication and interoperability, connecting multiple blockchains into one unified network.$DOT
Its currently touching major support where it looks good to buy! It’s ranking 16th with more than 6 B. Market cap!
Do your own research and review the chart before buying some at bargain price!
Good October pump & Good luck 💰🙌🏻✨🤠🥂#polkadotupdate #BargainOpportunities #SupportZone #writetoearn $BTC $ETH
the price of Polkadot is predicted to rise by 227.49% and reach $ 14.83 by September 12, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 31 (Fear). Polkadot recorded 10/30 (33%) green days with 12.52% price volatility over the last 30 days. Based on the Polkadot forecast, it's now a bad time to buy Polkadot.
#polkadotupdate #POLKADOT'S #MarketDownturn #BinanceSquareFamily #Write2Earn
#polkadotupdate #POLKADOT'S #MarketDownturn #BinanceSquareFamily #Write2Earn
#polkadotupdate
Sentiment in Polkadot markets is currently neutral, with the Fear and Greed index at 79 (Extreme Greed). The key support levels are $8.28, $8.07 and $7.86, while the key resistance levels are $8.70, $8.92 and $9.13
#Write2Earrn #polkadot2 #dotcoin #PolkadotRising
Sentiment in Polkadot markets is currently neutral, with the Fear and Greed index at 79 (Extreme Greed). The key support levels are $8.28, $8.07 and $7.86, while the key resistance levels are $8.70, $8.92 and $9.13
#Write2Earrn #polkadot2 #dotcoin #PolkadotRising
💢 Polkadot is seeking promising projects
👀After a series of scandals over overspending on marketing and the departure of major participants from the ecosystem, Polkadot is looking for ways to restore trust within the crypto community.
➡️ The Web3 Foundation, focused on the Polkadot blockchain, announced a new grant program valued at over $25 million.
➡️ They promise to fund solutions capable of advancing the Polkadot network.
➡️ These are primarily projects in the areas of DeFi, social networks, and gaming.
#polkadotupdate #GamingCoins #GamingTokens
👀After a series of scandals over overspending on marketing and the departure of major participants from the ecosystem, Polkadot is looking for ways to restore trust within the crypto community.
➡️ The Web3 Foundation, focused on the Polkadot blockchain, announced a new grant program valued at over $25 million.
➡️ They promise to fund solutions capable of advancing the Polkadot network.
➡️ These are primarily projects in the areas of DeFi, social networks, and gaming.
#polkadotupdate #GamingCoins #GamingTokens
Polkadot joins Messi and Suarez on the pitch—where blockchain meets the beautiful game! ⚽️🚀
Inter Miami's iconic pink jerseys are set to make a bold statement as they now feature the Polkadot blockchain emblem, marking a significant partnership between the American soccer club and the decentralized network. Global football stars like Lionel Messi and Luis Suarez will don training gear emblazoned with the Polkadot logo during practice sessions and pre-match routines, showcasing the blockchain's reach beyond the digital realm.
This collaboration is part of Polkadot's strategic push to gain visibility in mainstream sports. The network’s emblem will also be prominently displayed on banners at Inter Miami’s home ground, the Chase Stadium. Chrissy Hill, CEO of Parity Technologies, which powers the Polkadot network, emphasized that this sponsorship is a crucial element of their broader campaign to elevate the blockchain's profile.
Polkadot, established in 2020 by Ethereum co-founder Gavin Wood, continues to forge partnerships in various sectors. Beyond soccer, the network has recently sponsored Indy 500 driver Conor Daly and collaborated with the gaming industry through Mythical.
However, Polkadot’s aggressive marketing approach has sparked some controversy within the crypto community. Critics argue that the network’s promotional expenses are excessive, with marketing costs surpassing $37 million in the first half of 2024 alone. Despite this, Polkadot remains committed to leveraging high-profile sponsorships to drive adoption and awareness. $DOT
#polkadotupdate #POLKADOT'S #Messi #InterMiamiCF #DOT_UPDATE
Disclaimer:
Research Yourself before investing, use only risk-worthy funds and take full responsibility for your decisions.
Inter Miami's iconic pink jerseys are set to make a bold statement as they now feature the Polkadot blockchain emblem, marking a significant partnership between the American soccer club and the decentralized network. Global football stars like Lionel Messi and Luis Suarez will don training gear emblazoned with the Polkadot logo during practice sessions and pre-match routines, showcasing the blockchain's reach beyond the digital realm.
This collaboration is part of Polkadot's strategic push to gain visibility in mainstream sports. The network’s emblem will also be prominently displayed on banners at Inter Miami’s home ground, the Chase Stadium. Chrissy Hill, CEO of Parity Technologies, which powers the Polkadot network, emphasized that this sponsorship is a crucial element of their broader campaign to elevate the blockchain's profile.
Polkadot, established in 2020 by Ethereum co-founder Gavin Wood, continues to forge partnerships in various sectors. Beyond soccer, the network has recently sponsored Indy 500 driver Conor Daly and collaborated with the gaming industry through Mythical.
However, Polkadot’s aggressive marketing approach has sparked some controversy within the crypto community. Critics argue that the network’s promotional expenses are excessive, with marketing costs surpassing $37 million in the first half of 2024 alone. Despite this, Polkadot remains committed to leveraging high-profile sponsorships to drive adoption and awareness. $DOT
#polkadotupdate #POLKADOT'S #Messi #InterMiamiCF #DOT_UPDATE
Disclaimer:
Research Yourself before investing, use only risk-worthy funds and take full responsibility for your decisions.