DOT could witness an increase in demand after Polkadot’s launch of an intercommunication blockchain tool.
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DOT could witness an increase in demand after Polkadot’s launch of an intercommunication blockchain tool.
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But the token still risks falling by more than 30% based on a classic bearish continuation setup.
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The bullish outlook appears as Polkadot prepares to auction highly anticipated parachain slots on its network.
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Steady development and strong fundamentals suggest that DOT’s rally toward a new all-time high is in the making.
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Signs of strength slip into Bitcoin markets but altcoins are proving more interesting as the weekend draws to a close.
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Strong fundamentals on the development side and derivatives data suggest that the DOT price could extend its 100% rally over the short-term.
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Polkadot emerged as one of the best-performing tokens week-to-date as traders’ focus shifted on DOT’s listing at Coinbase Pro and Kusama’s first-ever parachain auction, set to go live on Tuesday.
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Polkadot and Kusama prices rose as Master Ventures announced a $30 million Polkadot ecosystem fund.
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The open interest of Polkadot futures soared to $1 billion, eclipsing Litecoin and XRP to make DOT the third-largest futures market.
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Polkadot raced past Litecoin to become the fourth largest futures market as its open interest reached $573 million this week.
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