Polkadot's Revenue Decreases 32% in Q2, Acala and Moonbeam Re-lease Their Parachain Slots
Polkadot remained committed to the development and expansion of its network in Q2, exhibiting consistency in key network fundamentals such as staking, treasury usage, and parachain activity. Noteworthy milestones achieved during this period include the launch of OpenGov, introducing an advanced governance model, and the introduction of XCM V3 on Polkadot’s mainnet.
Polkadot Leads in Developer Activity, but DOT Token Lags Behind in Market Value: Santiment Study Reveals Surprises in Crypto Space
Recent studies have shown that Polkadot is leading in developer activity among multi-chain cryptocurrency networks, despite its native token DOT remaining stagnant in the market.
Polkadot's Funding and Development Activity Decline in Q2, but Market Indicators Suggest Uptrend for DOT
July 4 (Cointime) - Polkadot's funding and development activity declined in Q2, but market indicators suggest a potential uptrend for the token. Funding for Polkadot's R&D activity has increased since the last quarter of 2021, with Astar Network, Unique Network, and Darwinia receiving the most funding.
Polkadot Focuses on Artificial Intelligence to Secure Foundation of Web3.0 and DAO-Based Innovation
July 4 (Cointime) - Polkadot is standing out from other blockchain protocols by focusing on artificial intelligence (AI) and has seen significant growth in its ecosystem with respect to AI advances.
Bitcoin Volatility Continues as SEC Returns ETF Applications, Short-Term Holders Send Coins to Exchanges
July 1 (Cointime) - Bitcoin had a volatile trading session on the last day of the quarter, with short-term holders sending over 35,000 coins to exchanges, indicating nervousness among speculators. The SEC returned applications for a Bitcoin spot-price ETF due to a technical issue, causing a knee-jerk reaction, but the downside was limited as asset managers can refile after providing necessary clarifications. Meanwhile, XRP/USDT may drop to $0.41, but this level could attract strong buying from the bulls, and Polkadot's price is being supported by bullish investors attempting to break the overhead hurdle at $5.15. It is important to note that this article is for informational purposes only and does not provide investment advice.
Polkadot's Price Consolidation Above $5 Amidst Fluctuating Open Interest Rates and Neutral Sentiment
June 28 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. Polkadot (DOT) has recovered from substantial losses in early June but has not yet reclaimed its April high of $7. DOT's price action has been constricting within the $5.0 - $5.21 range since 23 June and unless Bitcoin gives a clear direction, DOT's short-term range bound could persist. Open Interest (OI) rate fluctuations below $140 million have been marked by DOT's fluctuations above $5.0.
Cosmos and Polkadot Experience Similar Growth in Development Activity, While Social Engagements Decline
June 27 (Cointime) - Both Cosmos and Polkadot have seen significant growth in development activity, with an increase in active developers on both protocols. However, social engagements and sentiment have declined for both. Despite this, stakers remain optimistic, with a significant growth in the number of stakers for CosmosHub in the last month. Polkadot has also experienced growth in activity and revenue, with a surge in daily active users. The two tokens have experienced price increases in recent weeks, but there has been a notable divergence in volume and price between the two.
Peaq and Fetch.ai Collaborate to Introduce Multi-Chain Self-Sovereign Machine Identities for Interoperability in Web3 Space
June 26 (Cointime) - Peaq and Fetch.ai have joined forces to introduce Self-Sovereign Machine Identities that allow for seamless data exchange and identification between vehicles, robots, and devices on Polkadot and Cosmos ecosystems. This technology has the potential to revolutionize connectivity and efficiency by facilitating decentralized data exchanges and enhancing coordination.
Polkadot's Open Interest Declines, Suggesting Possible Trend Reversal
June 20 (Cointime) - Polkadot's Open Interest has decreased, indicating a possible trend reversal. Despite high development activity and network activity, DOT's 24-hour chart showed a decline. Polkadot ranks second to Ethereum in terms of weekly code commits, according to Polkadot Insider.
Polkadot Launches OpenGov, Empowering Community Governance in Web3
June 16 (Cointime) - Polkadot, a blockchain platform for Web3 interoperability, has launched its open governance platform, Polkadot OpenGov. This marks a new era of fully autonomous decision-making, where the entire process is handed over to the DOT community.
Polkadot Proposes to Increase Validators to Boost Network Activity and Address Revenue Decline
Polkadot is proposing to increase the number of validators on its network in order to address declining activity and revenue. Despite these challenges, the network's real yield index remains strong and has attracted increased stakers. The proposed increase in validators is a carefully considered measure that is expected to enhance the network's governance structure without compromising security. However, Polkadot has encountered difficulties on the social front, with a decline in social activity and engagement, as well as a drop in the price and trading volume of DOT tokens.
Polkadot Decoded 2023: Flagship Annual Event for Polkadot Ecosystem to Take Place in Copenhagen with Live Online Coverage
Polkadot Decoded 2023, the fourth annual event for the Polkadot ecosystem, will be held on June 28 and 29 in Copenhagen, Denmark with live online coverage.
Polkadot Price Set to Explode Once OpenGov Launches, Propelling DOT to $10 by Year's End
OpenGov has been tested on the Kusama network before its launch on the Polkadot mainnet. The Polkadot ecosystem, which connects various blockchains through Parachains, has grown significantly and is fine-tuned by the Kusama ecosystem to filter only projects with a vibrant community. The Polkadot network's upcoming launches, including OpenGov, XCM V3, and system parachains, have kept the ecosystem optimistic about a bullish market outlook. The Polkadot community is concerned about inflationary pressures and may prefer the DOT supply to be similar to the Kusama network's maximum supply of 10M KSM. The DOT price has risen 25 percent YTD and is expected to reach $10 by the end of the year once OpenGov launches.
Polkadot's Long-Term Holders Face Challenges as DOT/USD Exchange Rate Plummets
Long-term Polkadot holders have faced a challenging period as the exchange rate between DOT/USD dropped from its peak of $56 in late 2021 to a low of $5. Despite the recent rise in the crypto market, the daily chart still looks uncertain. While the bounce off the lows has been small, if the lows are maintained, it could indicate a correction within a larger bullish trend.
Polkadot (DOT) Price Analysis: Bears Have Upper Hand as Altcoin Corrects from Weekly High
Polkadot (DOT) reached a weekly high of $5.54 before entering a corrective phase. Despite retaining 1.8% of its overall gains in the past 24 hours and exhibiting a 3% price increase on the weekly chart, technical analysis suggests that bears currently have the upper hand with low buying strength and demand. However, if Bitcoin continues to rise towards $28,000, altcoins like DOT may also experience positive price action. On the one-day chart, DOT is currently trading at $5.47 with overhead resistance at $5.58 and crucial support at $5.40. Technical analysis shows a decline in buying strength and demand, but there are still buy signals and potential for a price increase.
Polkadot's Price Consolidation and Potential Bearish Zone: A Shorting Opportunity or Bullish Momentum?
The following information is solely the opinion of the writer and should not be taken as financial advice. A collection of top AI tools for various tasks is presented. Polkadot (DOT) has been experiencing price consolidation between $5.19 - $5.49 for most of May, with recent price action closing above the mid-range of $5.3.
Polkadot Price Analysis: Bullish Momentum Returns, DOT Surges to $5.27
The Polkadot price analysis reveals a positive shift in the market as bullish momentum returns, pushing the price up to $5.27. Despite a challenging period over the past few days, the coin is showing signs of recuperation, with a notable increase of 0.44% in the last 24 hours. The Bollinger bands indicator highlights a resistance level of $5.54 and a support level of $5.17 for DOT, while the RSI curve indicates buying activity in the market. Overall, the upward movement suggests that the recent significant correction may have come to an end.
Binance Now Supports USDT Deposits and Withdrawals on the Polkadot Network
Polkadot official announced that Binance now supports deposit and withdrawal of USDT on the Polkadot network.
Polkadot Price Analysis Shows Bearish Outlook as Market Declines
The Polkadot price analysis suggests a bearish outlook due to a significant decline in the market. The asset's price has remained relatively stable in the past 24 hours, but with low buying pressure and decreasing demand and accumulation levels.
Polkadot (DOT) Prices May Fall Further, Traders Look To Enter Short Positions in $5.4–$5.5 Area
The recent short-term range formation at support indicates a bearish force, and bullish speculators have lost steam in recent days, suggesting further losses for Polkadot (DOT). The DOT bias has been bearish on higher timeframes over the past month, and the lack of reaction from support is a concern for buyers. DOT traders may consider entering short positions in the $5.4-$5.5 area or looking for short positions if prices fall below $5 and retest the region as resistance. The recent decline in open interest despite DOT prices hovering around $5.25 suggests a strongly bearish sentiment in the near term.
