Sparklo Emerges as Preferred Blockchain Network, Threatening Polkadot and Cosmos Market Share
Sparklo (SPRK) is a newcomer to the blockchain field but is rapidly gaining popularity due to its distinct features and quick growth. In comparison to Polkadot (DOT) and Cosmos (ATOM), Sparklo (SPRK) offers blockchain developers a more affordable and convenient option with lower fees and greater scalability. Additionally, investors can own a portion of the metal they invest in thanks to Sparklo’s special fractional ownership feature, enabling smaller investments and greater accessibility. On the other hand, Polkadot (DOT) has suffered multiple hacks and security breaches affecting users, raising serious concerns about its general dependability and security. Cosmos (ATOM) has also come under fire recently for its lack of decentralization and governance issues.
Polkadot Price Analysis: Bulls Attempt to Reroute Pressure With Moderate Price Oscillation
According to the Polkadot price analysis for today, bulls are attempting to reroute the pressure. Despite the earlier steep drops, bulls made a rebound on May 12, 2023, supporting the DOT/USD price at the $5.27 level. Bullish momentum had slowed down yesterday, but today it had greatly increased, and the price had risen to the $5.39 mark. Although bearish pressure is still present, today’s price oscillation is moderate but greater than yesterday’s due to the price’s proximity to the resistance zone.
Polkadot (DOT) Experiences Negative Sentiment as Trading Volume Declines by 18% in 24 Hours
Polkadot's price has been fluctuating this year due to the general cryptocurrency market's instability. Recently, the coin's value experienced a slight decline, but it has since gained positive momentum. However, the price has been trading sideways within the last 24 hours, indicating a bearish trend. The decline in demand for DOT may lead to greater volatility as traders adjust their positions. Despite this, the departure of Mythical Games from the Ethereum network to launch its new Mythos ecosystem on Polkadot is expected to benefit both ecosystems and drive massive adoption.
Crypto Morning Briefing: Alibaba Cloud Builds Metaverse Launchpad on Avalanche
Arbitrum’s Chronos Reaches $217M TVL With Staking, Becomes 8th Largest DEX; Decentralized Exchange SushiSwap Rolls Out V3 Liquidity Pool on 13 Chains; Deloitte Enters the Polkadot Ecosystem To Issue Reusable Digital Credentials
Deloitte Enters the Polkadot Ecosystem To Issue Reusable Digital Credentials
Deloitte, one of the world’s largest accounting firms, is integrating the KILT blockchain, a Polkadot parachain focusing on decentralized identities and verifiable credentials, Polkadot announced on May 4.
Biggest Movers: DOT Drops to 6-Week Low on Tuesday
Polkadot was one of Tuesday’s biggest movers, as the token dropped to a six-week low in today’s session. Prices fell for a long-term support point of $5.60, as the global crypto market cap was once again 1% lower today. Avalanche also hit a price floor on Tuesday.
Injective Incorporates Astar Network and Polkadot Assets
Injective has managed to successfully incorporate Astar Network, through which it will be made possible for the Injective ecosystem, as well as the Cosmos community, to get effectively connected with Astar’s assets. In this way, two of the biggest networks get incorporated inside of the Polkadot and IBC universes and help in broadening IBC interoperability. This incorporation was achieved because of the recent incorporation of the Celer Network, which provides ASTR assets dotting over the cBridge.
Top 5 Cryptocurrency Picks to Invest in for May 2023
If you’re looking to invest in cryptocurrency this May, you may want to consider reading this blog to the end.
Cardano Founder’s Role in Ethereum Discounted by Foundation Member
Fabian Vogelsteller, a core Ethereum Foundation member, has taken to Twitter to discredit the role of Cardano Founder, Charles Hoskinson, in building the Ethereum blockchain. Vogelsteller argued that Hoskinson was never really a founder of Ethereum and had built nothing for Ethereum that he was aware of, contrary to claims made by a Twitter user.
Cointime News Wrapup-Afternoon: Binance Reportedly Removes Restrictions on Russian Users
Binance has lifted certain restrictions on Russian users, according to local crypto media.
