According to multiple sources, including NewsBTC, Daily Truth Report, and CoinCodex, the price of Polkadot (DOT) has surged above the $4.50 resistance level against the US Dollar. If it clears the $4.80 resistance level, the price could surge towards $5.5. Inside #Bitcoins predicts that an increase above the channel could trigger intense buying to the resistance levels of $5.00, $5.20, and $5.40.
It is worth noting that #Polkadot is a sharded blockchain that connects several different chains together in a single network, allowing them to process transactions in parallel and exchange data between chains without sacrificing security. The $DOT token serves three key functions in Polkadot: providing governance for the network, operating the network, and supporting the networks.
The Polkadot #ico started on October 15, 2017, and ran until October 27, 2017. During the ICO, 5 million #DOT tokens were sold, representing 50% of the initial DOT supply (10 million tokens). The Polkadot price reached as high as $55 in November 2021. DOT’s price reached a peak of $6.30 shortly after it launched in May 2020, then wavered between $4 and $5 for the remainder of 2020. In May 2021, DOT’s price hit an all-time high of $49.80. During the Q4 bull run of 2021, DOT’s price hit another peak of $44.41 in October.
It is important to note that cryptocurrency prices are highly volatile and subject to change rapidly. Therefore, investors should always do their own research and exercise caution before investing in any cryptocurrency.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their research and make informed decisions.