PolkaDot
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#PolkaDot Full time Developers are hitting ATH rate than any other blockchain except Ethereum ๐
#Binance #crypto2023
#Binance #crypto2023
โ๏ธ PolkaDot โ Auction Winner
t3rn is the winner of the PolkaDot parachain auction. This project is a smart contract platform, enabling trustless interconnect execution of smart contracts.
#PolkaDot #CryptonResearchBot
t3rn is the winner of the PolkaDot parachain auction. This project is a smart contract platform, enabling trustless interconnect execution of smart contracts.
#PolkaDot #CryptonResearchBot
โ๏ธ PolkaDot โ The winner of the auction
Moonsama is the winner of the last PolkaDot parachain auction. This project is a platform for NFT infrastructure.
https://twitter.com/MoonsamaNFT
#PolkaDot #CryptonResearchBot
Moonsama is the winner of the last PolkaDot parachain auction. This project is a platform for NFT infrastructure.
https://twitter.com/MoonsamaNFT
#PolkaDot #CryptonResearchBot
โ๏ธ PolkaDot โ Parachain News
PolkaDot has published a summary of its parachain news for the past week. Some of the most interesting things were t3rn becoming an open-source project, and Subsocial migrating from Kusama to PolkaDot.
#PolkaDot #CryptonResearchBot
PolkaDot has published a summary of its parachain news for the past week. Some of the most interesting things were t3rn becoming an open-source project, and Subsocial migrating from Kusama to PolkaDot.
#PolkaDot #CryptonResearchBot
PolkaDot โ Stellar Integration
The Stellar project, specializing in crypto payments and working with fiat funds, has connected to the Kusama ecosystem using the Pendulum blockchain. In 1-2 weeks, Stellar will be connected to PolkaDot as well.
Read more: https://www.coindesk.com/business/2023/03/13/crypto-payments-specialist-stellar-bridges-fiat-and-stablecoins-to-polkadot/
#PolkaDot #CryptonResearchBot
Read more: https://www.coindesk.com/business/2023/03/13/crypto-payments-specialist-stellar-bridges-fiat-and-stablecoins-to-polkadot/
#PolkaDot #CryptonResearchBot
Technical analysis for $DOT/USDT
Currently, $DOT is trading at $5.70, indicating a bearish trend in the market.
Based on the chart analysis, it is expected to reach the $5 target in the coming days.
It is essential to keep in mind that the support level for $DOT is at $5.61, and if it breaks, the price may drop below $5.
However, $DOT has strong potential for long-term growth, and investors should try to accumulate it during significant dips in the market.
The following support and resistance levels should be monitored:
Support: $5.61/$5.11
Resistance: $6.15
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#crypto2023 #buildtogether #altcoins #DOT #PolkaDot
Based on the chart analysis, it is expected to reach the $5 target in the coming days.
It is essential to keep in mind that the support level for $DOT is at $5.61, and if it breaks, the price may drop below $5.
However, $DOT has strong potential for long-term growth, and investors should try to accumulate it during significant dips in the market.
The following support and resistance levels should be monitored:
Support: $5.61/$5.11
Resistance: $6.15
Please consider liking and appreciating my efforts.
Follow me for real-time updates on the crypto market.
Thank you.
#crypto2023 #buildtogether #altcoins #DOT #PolkaDot
๐ฉ PolkaDot โ Withdrawal of $USDT
Polkadot reported that the largest centralized exchange Binance has added support for the withdrawal of the largest $USDT stablecoin in the Polkadot network.
To withdraw $USDT directly to the Polkadot network, users need to specify their Statemint wallet address.
#PolkaDot #CryptonResearchBot
Polkadot reported that the largest centralized exchange Binance has added support for the withdrawal of the largest $USDT stablecoin in the Polkadot network.
To withdraw $USDT directly to the Polkadot network, users need to specify their Statemint wallet address.
#PolkaDot #CryptonResearchBot
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โ๏ธ PolkaDot - Launch of OpenGov
PolkaDot announced the launch of OpenGov.
OpenGov is the PolkaDot project management system that achieves the maximum level of decentralization, autonomy and transparency.
#PolkaDot #CryptonResearchBot
PolkaDot announced the launch of OpenGov.
OpenGov is the PolkaDot project management system that achieves the maximum level of decentralization, autonomy and transparency.
#PolkaDot #CryptonResearchBot
๐๐ Polkadot Surpasses Expectations with 600,000 Active Addresses Despite DED Memecoin Setback ๐๐ฅ
The Polkadot network has achieved a monumental milestone, boasting over 600,000 active addresses, marking a historic high. DotLake reports this remarkable surge, with approximately 41% of these addresses emerging on the Moonbeam smart contract platform, totaling 248,000, while the remaining 191,000 are directly on the Polkadot network.
Moreover, the tally of distinct credit accounts has soared to an impressive 5.59 million as of March's closure, indicating a steady ascent from the previous month's 5.53 million. Alongside, the network witnessed a notable increase in total transactions, reaching 11.58 million in March, slightly edging past February's 10.8 million.
Despite these commendable strides, there's been a downturn from December 2023's peak of 31.78 million transactions. This burgeoning network activity aligns with intensified endeavors to captivate users and foster adoption, though recent endeavors like the DED token, aimed at boosting network visibility, faltered in comparison to competitors.
While DED struggled to ignite investor interest, with its current value languishing at $0.001 and meager trading volume on Hydradx, Polkadot's native token DOT faced downward pressure, shedding 21% in the last week. However, a recent 7.5% surge signals a potential turnaround, with DOT trading at $7.09 at the time of this writing.
In the broader spectrum, DOT maintains a bullish outlook, underscored by network growth and ecosystem resilience, further buoyed by the imminent Bitcoin halving. Despite DED's lackluster performance, Polkadot's trajectory remains optimistic, with a dynamic ecosystem poised for innovation and expansion.
Not a financial advice!
Thank you for reading! ๐ Don't forget to like, comment, share and follow for more updates on #HotTrends #TrendingTopic #PolkaDot #CryptoUser1 #TrendingNews $DOT
The Polkadot network has achieved a monumental milestone, boasting over 600,000 active addresses, marking a historic high. DotLake reports this remarkable surge, with approximately 41% of these addresses emerging on the Moonbeam smart contract platform, totaling 248,000, while the remaining 191,000 are directly on the Polkadot network.
Moreover, the tally of distinct credit accounts has soared to an impressive 5.59 million as of March's closure, indicating a steady ascent from the previous month's 5.53 million. Alongside, the network witnessed a notable increase in total transactions, reaching 11.58 million in March, slightly edging past February's 10.8 million.
Despite these commendable strides, there's been a downturn from December 2023's peak of 31.78 million transactions. This burgeoning network activity aligns with intensified endeavors to captivate users and foster adoption, though recent endeavors like the DED token, aimed at boosting network visibility, faltered in comparison to competitors.
While DED struggled to ignite investor interest, with its current value languishing at $0.001 and meager trading volume on Hydradx, Polkadot's native token DOT faced downward pressure, shedding 21% in the last week. However, a recent 7.5% surge signals a potential turnaround, with DOT trading at $7.09 at the time of this writing.
In the broader spectrum, DOT maintains a bullish outlook, underscored by network growth and ecosystem resilience, further buoyed by the imminent Bitcoin halving. Despite DED's lackluster performance, Polkadot's trajectory remains optimistic, with a dynamic ecosystem poised for innovation and expansion.
Not a financial advice!
Thank you for reading! ๐ Don't forget to like, comment, share and follow for more updates on #HotTrends #TrendingTopic #PolkaDot #CryptoUser1 #TrendingNews $DOT
Polkadot's Price Dance: Bulls Defend $5.15, Eyes on Upward Trend
Polkadot Update
Good news for #DOT enthusiasts! Despite a dip below the 20-day Exponential moving average at $4.95 between June 27 and June 30, the bulls held strong positions, indicating strategic buying at a lower price. $DOT
The current focus for #PolkaDot bulls is to break and sustain the crucial resistance level of $5.56. Once this barrier is conquered, the DOT/USDT currency pair is expected to soar towards $6/$7/$8.
However, reaching $5.564 may attract substantial short-selling pressure. Nonetheless, as long as the bulls prevent the price from dropping below $4.70, the chances of a rebound towards the downward trend line significantly increase.
Stay tuned for more quality updates.
#crypto #dyor #crypto2023
$BTC $BCH
Good news for #DOT enthusiasts! Despite a dip below the 20-day Exponential moving average at $4.95 between June 27 and June 30, the bulls held strong positions, indicating strategic buying at a lower price. $DOT
The current focus for #PolkaDot bulls is to break and sustain the crucial resistance level of $5.56. Once this barrier is conquered, the DOT/USDT currency pair is expected to soar towards $6/$7/$8.
However, reaching $5.564 may attract substantial short-selling pressure. Nonetheless, as long as the bulls prevent the price from dropping below $4.70, the chances of a rebound towards the downward trend line significantly increase.
Stay tuned for more quality updates.
#crypto #dyor #crypto2023
$BTC $BCH
Polkadot (DOT) Price Analysis: Technical Indicators Suggest Bearish Outlook in the Near Term
Polkadot (DOT) Price Analysis: Technical Indicators Suggest Bearish Outlook in the Near Term
Polkadot (DOT) is a decentralized blockchain network designed to connect different blockchains together. Created by Gavin Wood, the co-founder of Ethereum, Polkadot has a number of benefits, including scalability, security, and interoperability. However, the price of DOT has been in a downtrend since reaching its all-time high in November 2021. In this article, we will analyze the technical indicators to determine the potential future price movement of DOT.
Technical Analysis:
The price of DOT is currently trading in a descending triangle pattern and has fallen below the 200-day moving average. This pattern typically resolves in a bearish breakout, with the price falling to the next support level. The next support levels for DOT are at $5.00 and $4.20. The RSI is currently below 45, which indicates that the market is oversold. The MACD indicator is also bearish, with the signal line crossing below the MACD line. These technical indicators suggest that the price of DOT is likely to continue to fall in the near term.
Factors That Could Impact the Price of DOT:
The overall state of the cryptocurrency market, news or announcements from the Polkadot team, and regulatory changes are all factors that could impact the price of DOT. It is important to do your own research before making any investment decisions.
What is Polkadot?
Polkadot is a decentralized blockchain network that connects different blockchains together, allowing for the transfer of data and assets between them. Polkadot is designed to be scalable, secure, and interoperable.
How Does Polkadot Work?
Polkadot is a two-chain network that consists of a relay chain and parachains. The relay chain is responsible for consensus and security, while parachains are independent blockchains that are connected to the relay chain. Parachains can be used to build a variety of applications, including DeFi, NFTs, and gaming.
Benefits of Polkadot:
Polkadot has a number of benefits, including scalability, security, and interoperability. If Polkadot is able to deliver on its promises, it could become a major player in the blockchain industry.
Conclusion:
The technical indicators suggest a bearish outlook for the price of Polkadot (DOT) in the near term. However, there are a number of factors that could impact the price of DOT, including the overall state of the cryptocurrency market, news or announcements from the Polkadot team, and regulatory changes. As with any investment, it is important to do your own research before making any investment decisions.
Hey, it's CryptoPatel here!
I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies.
If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates.
Thank you for your support, and let's continue to stay connected for more exciting content!
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#DOT #PolkaDot #crypto2023 #Altcoin #TechnicalAnalysis
Polkadot (DOT) is a decentralized blockchain network designed to connect different blockchains together. Created by Gavin Wood, the co-founder of Ethereum, Polkadot has a number of benefits, including scalability, security, and interoperability. However, the price of DOT has been in a downtrend since reaching its all-time high in November 2021. In this article, we will analyze the technical indicators to determine the potential future price movement of DOT.
Technical Analysis:
The price of DOT is currently trading in a descending triangle pattern and has fallen below the 200-day moving average. This pattern typically resolves in a bearish breakout, with the price falling to the next support level. The next support levels for DOT are at $5.00 and $4.20. The RSI is currently below 45, which indicates that the market is oversold. The MACD indicator is also bearish, with the signal line crossing below the MACD line. These technical indicators suggest that the price of DOT is likely to continue to fall in the near term.
Factors That Could Impact the Price of DOT:
The overall state of the cryptocurrency market, news or announcements from the Polkadot team, and regulatory changes are all factors that could impact the price of DOT. It is important to do your own research before making any investment decisions.
What is Polkadot?
Polkadot is a decentralized blockchain network that connects different blockchains together, allowing for the transfer of data and assets between them. Polkadot is designed to be scalable, secure, and interoperable.
How Does Polkadot Work?
Polkadot is a two-chain network that consists of a relay chain and parachains. The relay chain is responsible for consensus and security, while parachains are independent blockchains that are connected to the relay chain. Parachains can be used to build a variety of applications, including DeFi, NFTs, and gaming.
Benefits of Polkadot:
Polkadot has a number of benefits, including scalability, security, and interoperability. If Polkadot is able to deliver on its promises, it could become a major player in the blockchain industry.
Conclusion:
The technical indicators suggest a bearish outlook for the price of Polkadot (DOT) in the near term. However, there are a number of factors that could impact the price of DOT, including the overall state of the cryptocurrency market, news or announcements from the Polkadot team, and regulatory changes. As with any investment, it is important to do your own research before making any investment decisions.
Hey, it's CryptoPatel here!
I'm passionate about providing you with the latest insights and analysis on the world of cryptocurrencies.
If you enjoy my content and want to show your support, please like, share, and follow me for more high-quality updates.
Thank you for your support, and let's continue to stay connected for more exciting content!
LIKE โค๏ธ
Share โฉ
Follow ๐ค
#DOT #PolkaDot #crypto2023 #Altcoin #TechnicalAnalysis
Cardano (ADA) and Doge have also joined the upward momentum, registering gains of 1.7% and 2% respectively.
Meanwhile, Litecoin (LTC) and Shiba Inu (SHIB) have risen by 1.7% and 2% respectively, proving that the altcoin market is on fire. Not to be left behind, Tron (TRX) has enjoyed a 1.6% surge, while Polkadot (DOT) has secured a 1.5% gain during the same period.
#Cardano #SHIB #Tron #PolkaDot #litecoin
Meanwhile, Litecoin (LTC) and Shiba Inu (SHIB) have risen by 1.7% and 2% respectively, proving that the altcoin market is on fire. Not to be left behind, Tron (TRX) has enjoyed a 1.6% surge, while Polkadot (DOT) has secured a 1.5% gain during the same period.
#Cardano #SHIB #Tron #PolkaDot #litecoin
โ๏ธ PolkaDot โ OpenGov Launch
PolkaDot has announced the launch of OpenGov.
OpenGov is a PolkaDot project management system that achieves the maximum level of decentralization, autonomy and transparency.
#PolkaDot #CryptonResearchBot
PolkaDot has announced the launch of OpenGov.
OpenGov is a PolkaDot project management system that achieves the maximum level of decentralization, autonomy and transparency.
#PolkaDot #CryptonResearchBot
Polkadot (DOT) Could Rise To At Least 20% In April, Hereโs Why?
Polkadot (DOT) price has flipped a crucial resistance level to support. It is expected to increase by at least 20% in April.
Weekly outlook
The Polkadot (DOT) price has been trading below the 20-week moving average (MA) since breaking below it in November 2021. This line has rejected prices multiple times, leading to a yearly low of $4.22 in December 2022.
Afterward, the DOT price increased and broke above the 20-week MA before approaching the long-term resistance zone at $7.6. Although it was rejected, the DOT price has successfully confirmed this MA line as support (green arrow). This is an important development because the 20-week MA is often used to determine long-term trends. Therefore, the long-term downtrend may have ended.
Currently, the DOT price is likely to rise to the $7.6 resistance zone again, marking a 20% increase from the current price level.
The RSI indicator has completed a bullish Failure Swing pattern by moving up above the high level between divergences and is sloping up, supporting the possibility of a price increase for DOT.
DOT/USDT weekly chart. Source: TradingView
Bullish pattern
After being rejected by the $7.4 zone, the DOT price dropped below the important support level of $5.9. However, this action turned out to be only a deviation as the price quickly recovered this zone and confirmed it as support on March 15th and 27th (green arrows). Such a deviation often leads to a strong upward trend thereafter.
In addition, this action has also formed a double bottom pattern. This is a price increase pattern that often leads to the continuation of the uptrend.
The RSI indicator has broken above the decreasing divergence line and is above 50, supporting the continuation of the uptrend.
Therefore, the DOT price is likely to continue to rise to the recent high of $7.6.
DOT/USDT daily chart. Source: TradingView
Conclusion
The most likely outlook shows that the DOT price will rise in April. The nearest target is $7.4 and higher to $9.5.
Breaking and closing below the 20-week moving average ($0.59) would invalidate this possibility and show that the price will drop to the annual low of $4.22.
#PolkaDot #DOT #DOTPrice #TechnicalAnalysis #azcoinnews
This article was republished from azcoinnews.com
Weekly outlook
The Polkadot (DOT) price has been trading below the 20-week moving average (MA) since breaking below it in November 2021. This line has rejected prices multiple times, leading to a yearly low of $4.22 in December 2022.
Afterward, the DOT price increased and broke above the 20-week MA before approaching the long-term resistance zone at $7.6. Although it was rejected, the DOT price has successfully confirmed this MA line as support (green arrow). This is an important development because the 20-week MA is often used to determine long-term trends. Therefore, the long-term downtrend may have ended.
Currently, the DOT price is likely to rise to the $7.6 resistance zone again, marking a 20% increase from the current price level.
The RSI indicator has completed a bullish Failure Swing pattern by moving up above the high level between divergences and is sloping up, supporting the possibility of a price increase for DOT.
DOT/USDT weekly chart. Source: TradingView
Bullish pattern
After being rejected by the $7.4 zone, the DOT price dropped below the important support level of $5.9. However, this action turned out to be only a deviation as the price quickly recovered this zone and confirmed it as support on March 15th and 27th (green arrows). Such a deviation often leads to a strong upward trend thereafter.
In addition, this action has also formed a double bottom pattern. This is a price increase pattern that often leads to the continuation of the uptrend.
The RSI indicator has broken above the decreasing divergence line and is above 50, supporting the continuation of the uptrend.
Therefore, the DOT price is likely to continue to rise to the recent high of $7.6.
DOT/USDT daily chart. Source: TradingView
Conclusion
The most likely outlook shows that the DOT price will rise in April. The nearest target is $7.4 and higher to $9.5.
Breaking and closing below the 20-week moving average ($0.59) would invalidate this possibility and show that the price will drop to the annual low of $4.22.
#PolkaDot #DOT #DOTPrice #TechnicalAnalysis #azcoinnews
This article was republished from azcoinnews.com
