SubQuery Network has launched two new decentralized RPCs for the Polkadot ecosystem, making them the first to be available on Substrate-based networks.

#SubQuery #polkadotupdate #polkadot $DOT #TopCoinsJune2024 #Binance200M

#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.

$BICO i take long position in bico because it is very strong project he dump today just because of btc other than today i will be on 0.9+ but as you all know halving is near get ready and take entries in part
#BTC、 #BICO/USTD #NFPromt #NFP/USDT #polkadotupdate #sol

Daily CRYPTO NEWS recap📈🔥- 21.06.2024

•Spot Bitcoin ETFs face first outflows amid declining hype

The new Bitcoin ETF in Australia closed its first day with approximately $1.3 million in trading volume. Despite the smaller size of the Australian market compared to the American market, this result is quite underwhelming. In contrast, the first crypto spot ETFs in Hong Kong, launched in April, generated $12 million in trading volume on their first day. Even then, this was considered small compared to the billions of dollars in inflows seen in the U.S.. This indicates that ETF trends are not as strong as they once were, with more investors preferring to hold their $BTC in personal wallets or on exchanges rather than with centralized entities.

•Binance launches loyalty rewards program for BNB holders

Binance, one of the most popular crypto exchanges, is set to reward its most loyal holders. “Users who hold $BNB for a long time will receive benefits, and Hodler’s projects will be distributed to BNB holders” wrote the exchange’s co-founder, Yi He, on June 19. The program will encompass small to medium-sized projects with strong fundamentals, a substantial circulating supply, and vibrant, organic communities. To participate, simply subscribe to BNB Simple Earn products and complete KYC verification.

•Polkadot’s new proposal to reduce unstacking time to just 2 days

The RFC-0092 proposal for Polkadot $DOT aims to reduce the unstaking period from 28 days to just 2 days. This change is designed to enhance user convenience and competitiveness without compromising security. The primary motivation for this adjustment is that Polkadot currently has one of the longest unstaking periods among all proof-of-stake tokens. Despite offering high APY, many users prefer to stake other cryptocurrencies because, in case of an emergency, it is easier to regain control over their staked coins.

Stay tuned for more updates from MarMag! New posts coming soon :))

#BNBHODLer #NewsAboutCrypto #polkadotupdate #ETFvsBTC

Polkadot (DOT) in a Crucial Phase: Will It Recover or Decline Further?

Polkadot (DOT), a key player in the blockchain ecosystem, is currently facing significant price volatility. Influenced by market-wide factors, investor sentiment, and regulatory pressures, DOT's value has been fluctuating dramatically. Investors must brace for potential short-term declines while also recognizing opportunities for recovery.

Current Challenges

Polkadot is experiencing a downturn due to market volatility, negative sentiment, and regulatory challenges. These factors have led to a sharp decline in DOT’s value, raising concerns about further losses.

Reasons for Optimism

Despite the bearish outlook, there are several reasons for optimism about Polkadot's future:

1. Strong Technological Foundation: Polkadot’s multi-chain framework enhances interoperability, attracting developers and enterprises.

2. Active Development: Continuous upgrades and new features improve the platform’s functionality and security.

3. Growing Ecosystem: An expanding number of dApps and projects are building on Polkadot, increasing DOT token usage.

4. Strategic Partnerships: Collaborations with other projects and enterprises boost adoption and integration.

Market Position

Currently, DOT is trading around $6.21, down by 2.58%. Despite a market capitalization of over $8.9 billion, the 24-hour trading volume has increased by 19.08%, indicating heightened investor interest.

Conclusion

Polkadot faces significant challenges but also holds promising opportunities. Its strong technological foundation, active development, growing ecosystem, and strategic partnerships provide a solid basis for potential recovery and long-term growth. Investors should remain cautious but also recognize the potential for Polkadot to rebound and thrive. $DOT

#DOT_UPDATE #polkadotupdate #polkadot2.0 #PolkadotAnalysis

$DOT is at best buying zone n whales are availing this opportunity. At the writing moment 69% buyers are alive while 31% sellers are selling . In my point of view if you are interested in $DOT this is best time to buy otherwise you cant see this opportunity again…

#PolkadotRevolution #dot2.0 #PolkadotAnalysis #POLKADOT'S #polkadotupdate

$DOT Today, If you invest 1000 usdt #dotcoin with current price, 1000 usdt can be 5950 usdt in next bull run because every coin remembers their highest point.

What is DOT Token?
-Polkadot is a protocol designed to create a network of interoperable blockchains. This would allow independent blockchains to communicate with one another and work together. Ultimately, the project's goal is to build a completely decentralized web.

(I'm sharing potentially profitable coins)
(It is not financially advise)

#polkadotupdate #dot2.0 #polkadot2.0

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

SingularityNET and OriginTrail, a Polkadot parachain, have formed a strategic partnership to develop the Internet of Knowledge, enabling the creation of AI-driven data analysis and enhancing the integrity of AI data.

#singularityNET #origintrail #polkadotupdate #AI #TopCoinsJune2024 $AGIX $DOT

🌐🚀 Exciting News from Polkadot! 🚀🌐

According to CryptoPotato, Polkadot is making waves with its network enhancements and potential sponsorship deal with Inter Miami, a prominent American soccer club!

🔍 Network Improvements:
- Polkadot has boosted transaction processing speed and capacity.
- Asynchronous Backing optimizes validating parachain blocks, doubling block production speed and increasing block space availability by 6-10 times.
- Throughput has surged 8 times without compromising security, paving the way for Web3 applications in gaming and DeFi.

📈 Technical Advancements:
- The Join-Accumulate Machine (JAM) Gray Paper proposes a design to advance the Relay Chain, combining Polkadot and Ethereum elements for a scalable node network.

⚽ Potential Sponsorship Deal:
- Polkadot is eyeing an $8.8 million sponsorship deal with Inter Miami, co-owned by David Beckham and featuring soccer icon Lionel Messi.
- This opportunity follows a previous bid to sponsor FC Barcelona's jersey, showcasing Polkadot's interest in the sports world.

Exciting times ahead for Polkadot as it continues to innovate and explore new partnerships! Stay tuned for more updates! 🎉🚀 #polkadotupdate #InnovationInMotion #partnerships

Hay Trader's* 🙂

Shere your opinion about polkadot 📈

#polkadotupdate

$DOT

"Polkadot's PINK Coin Gears Up for a Buzzing Debut with Expanded Ecosystem Integration"

Polkadot enthusiasts are buzzing with anticipation as the first community meme coin, PINK, prepares for its highly anticipated public launch. Initially distributed through airdrops to select Polkadot communities, PINK is now poised to embrace a broader audience through a fair launch model. Reflecting Polkadot's vibrant ecosystem, PINK's total token supply is capped at 2,300,001,221, paying homage to Polkadot's RGB color code.

PINK finds its home on the Polkadot AssetHub, aligning with the project's ethos of equitable distribution across its ecosystem. Notably, Polkadot parachains hold a 12.5% share of PINK's supply, with 14 qualified teams slated to receive allocations. These teams wield autonomy in distributing their portions to users as they see fit, with leading projects like Moonbeam, Bifrost, and Astar set to receive significant parachain airdrops.

Excitement further escalates with the introduction of PINKDROP, a browser game developed by the creators of the Great Escape. Designed to immerse users in the Polkadot ecosystem through interactive challenges, PINKDROP has swiftly gained traction. Within its first month, the game has garnered over 225,000 sessions played by 14,000 unique addresses. Furthermore, 15% of PINK's supply is earmarked for PINKDROP players, incentivizing engagement through social tasks.

Additionally, 2.5% of the token supply is allocated to gaming communities to catalyze Web3 gaming development on the Polkadot network. Notably, six games, including Shockwaves.ai, have already joined the initiative, amplifying the platform's gaming capabilities and fostering community involvement.

Anticipation mounts as a revamped version of Pinkdrop gears up for launch, introducing a league mode featuring daily tournaments and $PINK prizes. This innovative approach aims to accelerate PINK's adoption and underscore its potential within Polkadot's burgeoning
#polkadotupdate #HotTrends

Polkadot DOT just launched a runtime upgrade on the mainnet! Unexpectedly, it caused a halt in parachain activity.

#polkadotupdate #DOT